Which of the Following Is NOT an Example of an Application

question 97

Multiple Choice

Which of the following is NOT an example of an application control?

• A) There are reasonableness tests reviewing hours worked by employees.
• B) There are reasonableness tests for the unit selling price of a sale.
• C) After processing, all sales transactions are reviewed by the sales department.
• D) An equipment failure causes an error message on the monitor.

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Definitions:

Total Cost Function

An equation that represents the total cost incurred by a firm in the production of goods or services, as a function of output level.

Inverse Demand

A representation of demand in economics where the price of a good is expressed as a function of the quantity demanded.

Patent

A legal right granted to an inventor, giving them exclusive rights to manufacture, use, or sell their invention for a certain period of time.

Marginal Cost

The change in total cost that arises when the quantity produced increases by one unit.