A Furniture Company Ordered 84 Tables from a Supplier

question 44

Multiple Choice

A furniture company ordered 84 tables from a supplier. The supplier accidentally sent only 48 tables, but the receiving department at the furniture company accepted the tables. The invoice was eventually received but was for the 84 tables ordered. The furniture company paid the entire amount. Which of the following controls would have been least likely to have prevented this erroneous payment?

• A)The copy of the purchase order sent to the furniture company's receiving department should not have shown an expected quantity.
• B)Personnel in the furniture company's accounts payable department should compare the receiving report to the purchase invoice before creation of the voucher.
• C)Personnel in the furniture company's cash disbursements department should compare the check that is prepared to all of the backup documentation.
• D)Personnel in the furniture company's purchasing department should compare the purchase requisition to the purchase order.

---

Definitions:

Significance Level

A rephrased version for Level of Significance; it's the probability of rejecting the null hypothesis when it is true, serving as a critical threshold for determining the statistical significance of an observed effect.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it is the cutoff point that determines the boundary of the rejection region for a statistical hypothesis test.

Adjusted Coefficient

A statistical measure modified to account for various factors or variables, improving its accuracy or relevance.

Partial-regression Coefficient

A measure indicating the change in the dependent variable for a one-unit change in an independent variable while holding other variables constant.