A Technique for Controlling Identification Numbers (Part Number, Employee Number

question 66

Multiple Choice

A technique for controlling identification numbers (part number, employee number, etc.) is:

• A)Self-checking (check)digits
• B)Echo checks
• C)Parity control
• D)File protection

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Definitions:

Cash Outflows

Money that is spent or transferred out of a business, project, or venture.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production costs.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Incremental Cash Flow

The additional cash flow from taking on a new project, calculated as the difference between the project's cash flows if the project is taken versus if it is not.