Chas Mulligan Has Been Hired by Yardley Security as an Assistant

question 7

Multiple Choice

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor.He has been asked to document the existing accounting information system,and focus on the activities and flow of data between activities.He decides to begin with a summary description of the sources and uses of data in the organization and how they are processed by the system.The documentation tool that he should employ for this purpose is a

• A)data flow diagram.
• B)document flowchart.
• C)system flowchart.
• D)program flowchart.

Understand the concept and importance of supply partnerships between buyers and suppliers.

Identify and explain the principles of sustainable procurement.

Recognize practices and policies that may affect fair and free market operations.

Understand the purchasing function and stages in organizations.

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Definitions:

Hypothesis Test

A statistical method that uses sample data to evaluate a hypothesis about the properties or parameters of a population.

Interval Estimate

An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, with a certain level of confidence.

Unknown Parameter

A value within a statistical model that is not observed directly but is estimated from the data.

P-Value

The possibility of observing test findings that are as extreme or more so than the actual findings, under the condition that the null hypothesis is valid.