We Have Obtained Access to the Company's Operational Data

question 56

Multiple Choice

We have obtained access to the company's operational data.We examine 50 records for customers with phone numbers that should use the current area code of 345.Of these 50 records,we find 10 that still use an older area code of 567.This is an example of:

• A)dirty data.
• B)inconsistent data.
• C)non-integrated data.
• D)a "wrong format" problem.
• E)a "too much data" problem.

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Definitions:

Internal Control

Systems and processes designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.

Operating Segments

Components of a business for which separate financial information is available and evaluated regularly by the company's chief operating decision-maker in deciding how to allocate resources.

Reportable Segments

Parts of a company that are distinguishable by their operational activities, products, or services, and require separate financial reporting.

Segment Revenues

The income generated from specific divisions or operational units within a company, allowing for the analysis of each segment's contribution to the overall revenue.