The Focus of Output Controls Is To

question 71

Multiple Choice

The focus of output controls is to:

• A) detect errors after the completion of processing.
• B) confirm that data has been processed in the correct order.
• C) check the accuracy of processing.
• D) prevent errors before final reports are completed.

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Definitions:

Net Operating Income

A company's income after all operating expenses, excluding the effects of interest and taxes, have been deducted from total revenues.

Planning Budget

A budget prepared before the period begins, based on projected levels of activity; acts as a guideline for income, expenses, and financial goals.

Spending Variance

A measure indicating the disparity between what was anticipated to be spent and what was actually expended in financial terms.

Employee Salaries

The monetary compensation paid to employees for their labor, typically on a monthly or yearly basis.