Which of the Following Is Not an Advantage of Using

question 23

Multiple Choice

Which of the following is not an advantage of using subsidiary records?

• A)The actual posting can be done later by a different person.
• B)Every transaction will be recorded prior to being entered into the ledger.
• C)They can only be used in computerised accounting systems.
• D)Totals can be posted when it is appropriate to do so.

Comprehend the significance of statistical errors and the visibility of decision outcomes in a corporate setting.

Distinguish between the concepts of risk and uncertainty and their relevance in business decisions.

Understand the concept and purpose of auctions in terms of economic efficiency.

Differentiate between various types of auctions and their specific characteristics.

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Definitions:

Specificity

In diagnostic testing, the ability of the test to correctly identify those without the disease.

Positive Predictive Value

The probability that individuals with a positive test result actually have the disease.

Specificity

The ability of a test to correctly identify those without the disease or condition being tested for.

Positive Predictive Value

The probability that subjects with a positive screening test truly have the disease.