In Its Automated Data Processing System, a Company Might Use

question 52

Multiple Choice

In its automated data processing system, a company might use selfchecking numbers (check digit) to enable detection of which of the following errors?

• A)Assigning a valid identification code to the wrong customer
• B)Recording an invalid customer's identification charge account number
• C)Losing data between processing functions
• D)Processing data arranged in the wrong sequence

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Definitions:

Prices

The sum of money needed to buy a product or service.

Efficient Allocation

The optimal distribution of resources in an economy, where resources are utilized in a manner that maximizes societal welfare without any wastage.

Rival in Consumption

A characteristic of a good whereby one person's consumption reduces the availability of the good for another person.

Rival in Consumption

A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by other individuals.