A Data Dictionary Can Help an Accountant

question 9

Multiple Choice

A data dictionary can help an accountant:

• A)Prepare tax forms for the CRA
• B)Establish an audit trail
• C)Correct clerical mistakes in transaction data
• D)Perform an audit of the petty cash fund

Calculating price elasticity of demand and its influence on revenue.

Deriving linear supply and demand equations.

Assessing the effects of government policies on market equilibrium.

Examining the impact of changes in quantity demanded/supplied due to price controls.

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Definitions:

Skill Deficiency

A lack of the necessary skills or abilities required to perform a task effectively.

Multisource Feedback

An evaluative process where employees receive performance feedback from multiple sources, including supervisors, peers, subordinates, and sometimes clients.

Self-development

The process by which an individual takes initiative to improve their skills, knowledge, and competencies for personal and professional growth.

Diagnosing Learning Needs

Involves identifying gaps in knowledge, skills, and attitudes to tailor educational programs or interventions effectively.