A Reasonableness Check Determines If a Value in One Field

question 71

True/False

A reasonableness check determines if a value in one field is reasonable when considered along with data in other fields of the record

---

Definitions:

Risk

The potential for loss or adverse outcomes arising from a variety of factors, including financial, operational, reputational, or external events.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe existing states or future outcomes.

Intuition

The ability to understand or know something immediately based on one's feelings rather than factual evidence or logical reasoning.

Availability Heuristic

Bases a decision on recent events relating to the situation at hand.