In Entering Client Contact Information in the Computerized Database of a Telemarketing

question 39

Multiple Choice

In entering client contact information in the computerized database of a telemarketing business, a clerk erroneously entered nonexistent area codes for a block of new clients.This error rendered the block of contacts useless to the company.Which of the following would most likely have led to discovery of this error into the company's computerized system?

• A)Limit check
• B)Validity check
• C)Sequence check
• D)Record count

Comprehend the concept of variance analysis and its significance in managerial decision-making.

Recognize the application and preparation of flexible budgets in different scenarios.

Interpret standard cost cards and their components.

Apply standard costing methods to compute product costs.

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Definitions:

Appraised Values

Estimated values given to property or assets by a qualified professional to determine their worth at a specific point in time.

Installation

The process of setting up machinery, equipment, software, or hardware in a specific location and making it operational.

Discount On Notes

Discount On Notes refers to the difference between the face value of a note and the cash received by the issuer, which is treated as interest expense over the life of the note.

Actuarial Information

Data and analysis related to the calculation of insurance risks and premiums, often involving life expectancy and morbidity rates.