A Substantive Test of Transactions to Test the Completeness Assertion

question 19

Multiple Choice

A substantive test of transactions to test the completeness assertion includes:

• A)tracing a sample of time sheets to the payroll register.
• B)testing a sample of payroll checks for the presence of an authorized time sheet.
• C)testing postings to the payroll register for a sample of payroll checks.
• D)recomputing the accuracy of a sample of payroll checks.

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Definitions:

Demographic Segmentation

The division of a market into segments based on variables such as age, gender, income, education, and family size to tailor marketing strategies.

Relationship Marketing

A marketing strategy focusing on long-term engagement and customer loyalty, rather than short-term goals or individual sales.

Customer Satisfaction

A measurement of how well a company's products or services meet or exceed the expectations of its customers.

Environmental Factors

External elements that can influence an organization’s operation, such as economic, social, technological, and political conditions.