Jonkers, Inc

question 14

Multiple Choice

Jonkers, Inc., a large retail chain, is installing a computerized accounts receivable system employing a batch mode of processing with sequential files.The program which will process receipts on account should include an input edit routine to assure:

• A)Proper sequencing of data
• B)Header and trailer label accuracy
• C)The amount received is recorded correctly
• D)The existence of control totals
• E)Proper operator intervention

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Definitions:

Surplus

An excess of production or supply over demand.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a specific period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given time.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price during a specified time period.