The Magnetic Tape Containing Accounts Receivable Transactions Could Not Be

question 82

Multiple Choice

The magnetic tape containing accounts receivable transactions could not be located.A data processing supervisor said that it could have been put among the scratch tapes available for use in processing.The best control procedure would be a(an) :

• A)Header label
• B)Trailer label
• C)External file label
• D)File protection ring

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Definitions:

Taxation

Taxation is the process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Excise Taxes

Taxes imposed on specific goods, services, or transactions, often including alcohol, tobacco, and gasoline, generally used to discourage consumption or raise revenue.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to changes in prices, income, or other economic factors.

Price Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in its price.