The Likely Result of a Lack of Proper Authorisation in the Sales

question 19

Multiple Choice

The likely result of a lack of proper authorisation in the sales and collection cycle is the loss of:

• A) company assets by shipping goods to customers who fail to pay for them.
• B) potential revenue by billing sales at an incorrect price.
• C) company assets by shipping goods to fictitious customers.
• D) all of the above

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Definitions:

Confidence Interval

A variety of values, based on statistics from a sample, which is conjectured to envelop an obscure population parameter.

P-value

A statistical concept indicating the probability of observing data as extreme as those seen, if the null hypothesis were true, used in hypothesis testing.

Maximum Oxygen Uptake

The highest amount of oxygen an individual can utilize during intense or maximal exercise, indicating aerobic endurance capacity.

Normal Distribution

A bell-shaped curve, which is symmetric about the mean, depicting the distribution of many types of data.