Which of the Following Sequence in the Expenditure Cycle Is

question 21

Multiple Choice

Which of the following sequence in the expenditure cycle is correct?

• A)collect requests for goods -> create purchase requisition -> choose the supplier -> create the purchase order
• B)collect requests for goods -> choose the supplier -> create purchase requisition -> create the purchase order
• C)create purchase requisition -> collect requests for goods -> choose the supplier -> create the purchase order
• D)create the purchase order -> collect requests for goods -> choose the supplier -> create purchase requisition

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Definitions:

Confidence Interval

A span of numbers that holds a certain likelihood of containing the actual value of the parameter.

Confidence Level

Confidence level indicates the probability that a population parameter will fall between two set values for a certain proportion of times.

Confidence Interval

An array of values, derived from observations of a sample, which is believed to enclose the value of a mystery parameter in the population.

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.