Ben Simon Wants to Ensure That Sales in a Retail

question 36

Multiple Choice

Ben Simon wants to ensure that sales in a retail outlet are NOT recorded at the wrong amount. Which preventive control will help him ensure his objective?

• A) the signature of the goods by the warehouse receiver on a receiving report or a bill of lading
• B) a credit check by the credit manager
• C) automatic pricing of sales invoices using a master price file
• D) none of the above

---

Definitions:

Estimate

An approximate calculation or judgment of a value, number, quantity, or extent of something.

Health Consciousness

An awareness and consideration for the health implications of one's habits and decisions, particularly in consumption and lifestyle.

Confidence Interval

A range of values used in statistics that is likely to contain the true value of an unknown parameter, calculated from a given set of sample data.

Sample Mean

The average of all measurements in a sample set, calculated by summing all observations and dividing by the number of observations.