Which of the Following Is a General Control That Would

question 31

Multiple Choice

Which of the following is a general control that would most likely assist an organization whose systems analyst resigned during the development of a major project?

• A)Grandfather-father-son file retention.
• B)Input and output validation routines.
• C)Systems documentation.
• D)Check digit verification.

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Definitions:

Perpetual Inventory System

An inventory management system that updates inventory records for each purchase and sale transaction in real-time.

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold, hence "First In, First Out."

Ending Inventory

The value or quantity of goods and materials available at the end of an accounting period.

Perpetual Inventory System

An inventory management method where transactions are recorded in real time, providing a continuous account of inventory levels.