If a Control Total Were to Be Computed on Each

question 65

Multiple Choice

If a control total were to be computed on each of the following data items, which would best be identified as a hash total for a payroll IT application?

• A)Hours worked.
• B)Total debits and total credits.
• C)Net pay.
• D)Department numbers.

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Definitions:

Losses

Financial outcomes where expenses exceed revenues, resulting in negative profit for a business or individual.

Gains

The increase in wealth or resources, often measured as the difference between the sale price and the purchase price of an asset.

Behavioral Economists

Scholars who study the impact of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Weight on the Future

This key-term may refer to the emphasis or consideration given to future outcomes or consequences in decision-making processes.