Which of the Following Is a Control That May Be

question 76

Multiple Choice

Which of the following is a control that may be implemented to ensure all sales that occur are recorded in the general ledger?

• A)use of prenumbered shipping,invoice and sales documents.
• B)use of prenumbered statements,inventory lists and credit memos.
• C)reconciliation of invoices with customer statements.
• D)use of pre-authorized price lists.

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Definitions:

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis, assuming the null hypothesis is true.

Critical Value

A threshold in hypothesis testing that defines the boundary or cutoff for deciding whether to reject the null hypothesis.

Null Hypothesis

A statistical hypothesis that suggests there is no effect or no difference, and it serves as the default position that there is no association between two measured phenomena.

One-way ANOVA

A statistical method used to compare the means of three or more independent groups to determine if there is a statistically significant difference among them.