There Are Many Different Types of Documentation Necessary to Operate

question 75

Multiple Choice

There are many different types of documentation necessary to operate and maintain an accounting system.These types of documentation include all of the following, except:

• A)Flowcharts
• B)Operator Manuals
• C)Output Examples
• D)Entity Relationship Diagrams

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Definitions:

EMV

EuroPay, MasterCard, and Visa, a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

Decision Table

A tabular method for representing and analyzing rules and decision-making scenarios, showing inputs and their associated outcomes.

State of Nature

A future condition or occurrence in decision theory that is beyond the control of decision makers and can affect the outcomes of decisions.

Expected Value

A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.