Keeping Accurate Records of Accounts Receivable Is an Example of Which

question 71

Multiple Choice

Keeping accurate records of accounts receivable is an example of which feature of a good accounting information system?

• A)favourable cost-benefit relationship
• B)flexibility
• C)control
• D)compatibility

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Definitions:

Chi-squared Goodness-of-fit

A statistical test used to determine if a sample data fits a distribution from a certain population, based on the differences between observed and expected frequencies.

Two-tail Test

A statistical test that considers the possibility of observing extreme outcomes in both tails of the distribution.

Nominal Data

Data categorized into discrete groups or categories that cannot be ranked or ordered.

Z-test

A technique in statistics for determining the distinction between the means of two large-sample populations with specified variances.