In Designing a Payroll System It Is Known That No

question 40

Multiple Choice

In designing a payroll system it is known that no individual's paycheque can amount to more than $300 for a single week.As a result, the payroll program has been written to bypass writing a cheque and printing out an error message if any payroll calculation results in more than $300.This type of control is called:

• A)A limit or reasonableness test
• B)Error review
• C)Data validity test
• D)Logic sequence test

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Definitions:

Employment Contract

A formal agreement between an employee and employer outlining job duties, compensation, and terms of employment.

Option Contract

A contract which grants the holder the right, but not the obligation, to buy or sell an asset at a set price on or before a certain date.

Counteroffer

A counteroffer is a response to an original offer, modifying some of its terms and thereby rejecting the original offer.

Acceptance

An agreement by one party to the terms of the offer made by another.