Which of These Is Not Likely to Be the Responsibility

question 49

Multiple Choice

Which of these is not likely to be the responsibility of a bookkeeper?

• A)calculating and paying wages
• B)checking a customer's credit rating
• C)preparing the bank reconciliations
• D)selecting an accounting package to the used by the entity

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Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, a measure of the risk of making a Type I error.

Alternative Hypothesis

The hypothesis that there is a significant difference or effect, contrasting with the null hypothesis and indicating the presence of an observed effect.

Type II Error

A statistical mistake where a false null hypothesis is not rejected, meaning the test fails to observe a difference when in truth there is one.

Population Mean

The average value of a characteristic in a population, calculated by summing all the values and dividing by the number of values.