Vendor Invoices Should Be Compared to _______________________________ and ________________________________ to Determine

question 26

Short Answer

Vendor invoices should be compared to _______________________________ and ________________________________ to determine that the vendor is charging the approved price and for quantity received.
Reference: Question also found in study guide

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Definitions:

Randomly

In a manner that occurs without a predictable pattern, enabling each member of a set to have an equal chance of selection.

Poisson Probability Distribution

A discrete frequency distribution which gives the probability of a number of independent events occurring in a fixed period of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Continuous Probability Distribution

A function that describes the likelihood of any outcome within a continuous range of outcomes occurring.

Poisson Distribution

A statistical distribution describing the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a constant mean rate and independently of the time since the last event.