If a Control Total Were to Be Computed on Each

question 107

Multiple Choice

If a control total were to be computed on each of the following data items, which would best be identified as a hash total for a payroll IT application?

• A) gross wages earned
• B) employee numbers
• C) total hours worked
• D) total debit amounts and total credit amounts

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Definitions:

Price Ceiling

A regulatory limit on the price that can be charged for a particular good or service, intended to keep it affordable.

Ration Coupons

Physical or digital vouchers issued by governments or organizations to allow individuals to purchase a limited amount of scarce commodities, historically used during times of war or shortages.

Price Ceiling

Legislation or regulation that sets the maximum legal price a seller can charge for a product or service to prevent market prices from rising above a certain level.

Shortage

A situation in which the demand for a good or service exceeds its supply in a market.