Outcome Is a More General Term Than Output for the Result

question 65

True/False

Outcome is a more general term than output for the result of a process.

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Definitions:

Internal Control

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Signature Card

A document that a bank keeps on file with the signatures of all the authorized signatories for an account.

Bank Checking Account

A bank account that allows for numerous withdrawals and deposits, often used for daily transactions.

Pre-Printed Checks

Checks printed by the bank or another provider with the payer’s account information before the payer fills in the details of the payee, amount, and signature.