A Reasonableness Check Is a Data Validation Check That ____

question 103

Multiple Choice

A reasonableness check is a data validation check that ____.

• A)tests data items to verify that they fall between a specified minimum and maximum value
• B)identifies values that are questionable, but not necessarily wrong
• C)is performed on two or more fields to ensure that they are consistent or reasonable when considered together
• D)is used for mandatory data items

Recognize the importance of consistency and accuracy in financial record-keeping.

Understand the role and ordering of various types of accounts in the general ledger.

Grasp the purpose and process of posting transactions from the journal to the ledger.

Learn the guidelines for choosing account names for the chart of accounts.

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Definitions:

Target Customer

The specific group of consumers identified as the intended recipient of a product or service, based on shared characteristics or needs.

Off-price Retailers

Retail stores that sell branded goods at lower prices than mainstream retail stores, often through the sale of surplus stock or from past seasons.

Convenience Stores

Retail outlets that offer a limited range of food and household products, intended for quick and convenient purchasing.

Mom-and-Pop

Small, often family-owned, businesses that operate in a local community or neighborhood, distinct from larger chains or corporations.