Which Is the Best Control to Prevent Invoicing Customers for More

question 43

Multiple Choice

Which is the best control to prevent invoicing customers for more than the actual quantity shipped?

• A)Use the information from the sales order to prepare the sales invoice.
• B)Use the information from the packing slip to prepare the sales invoice.
• C)Use the information from the bill of lading to prepare the sales invoice.
• D)Use the information from the picking ticket to prepare the sales invoice.

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Definitions:

Interval Estimate

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

Test Statistic

A measure calculated from sample data to make decisions about a population parameter in hypothesis testing.

Null Hypothesis

A hypothesis that there is no effect or no difference, and it serves as the default or starting assumption in hypothesis testing.

Point Estimate

A single value (or point) derived from a sample that serves as the best estimate of an unknown population parameter.