A Control Procedure That May Be Established Within the Sales

question 4

Multiple Choice

A control procedure that may be established within the sales department of a company's marketing subsystem is the addition of the sales invoice amounts before these invoices are sent to the information processing subsystem.This control total of invoice amounts is called a:

• A)Checksum
• B)Random total check
• C)Redundant control amount
• D)Batch control total

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Definitions:

Constant Rate

A fixed percentage that does not change over the specified period of time.

Market Rate of Return

The average rate of return that investors can expect to earn in the financial markets, often based on historical data of a specific market or index.

Expected Dividend

Expected dividend is the estimated dividend per share that a company plans to pay out in the future.