A Control Plan in Which a Source Document Is Designed

question 69

True/False

A control plan in which a source document is designed to make it easier to prepare the document initially and later to input data from the document into a computer or other input device is called document design.

---

Definitions:

Debenture

An unsecured bond; as such, it provides no lien against specific property as security for the obligation. Debenture holders are, therefore, general creditors whose claims are protected by property not otherwise pledged.

Premium

The amount by which the price of a financial asset exceeds its intrinsic value or the additional cost above the nominal value, such as in insurance or bonds.

Unsecured Bond

An unsecured bond, unlike a secured bond, has no collateral backing and relies solely on the issuer's creditworthiness for support.

Restrictive Covenants

Clauses in contracts that restrict the actions of parties, often found in employment and property agreements to protect business interests or property use.