Data Entry Refers to the Creation of a Computer File

question 73

True/False

Data entry refers to the creation of a computer file that holds the raw data taken from all the questionnaires deemed suitable for analysis.

Distinguish between cost centers and profit centers and their impact on organizational structure and performance evaluation.

Explain the concept of a responsibility accounting system and its role in organizational accountability and performance measurement.

Understand the operational distinctions between periodic and perpetual inventory systems.

Recognize the impact of inventory cost flow assumptions (LIFO, FIFO, and weighted average) on financial statements.

---

Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to contain the true value of an unknown population parameter.

Null Hypothesis

In statistics, a hypothesis that proposes no significant difference or effect; the hypothesis that a researcher tries to disprove.

Alpha Level

The threshold of significance in hypothesis testing, representing the probability of making a Type I error.

Confidence Interval

A range of values, derived from sample statistics, used to estimate the true parameter of a population with a specified level of confidence.