Sales Revenue Is Typically Significant Due To

question 10

Multiple Choice

Sales revenue is typically significant due to:

• A) the overall inherent risk associated with revenue.
• B) the volume of transactions that flow through the account.
• C) its size.
• D) All of the above

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Definitions:

Judgment

The faculty to formulate thoughtful decisions or derive sound conclusions.

Representation Heuristic

A cognitive shortcut that involves making a decision based on how much something resembles a typical case.

Error

A mistake or inaccuracy in action, calculation, opinion, or judgment caused by poor reasoning or misunderstanding.

Judgment

The ability to make considered decisions or come to sensible conclusions.