Mill Company Uses a Batch Processing Method to Process Its

question 88

Multiple Choice

Mill Company uses a batch processing method to process its sales transactions.Data on Mill's sales transaction tapes are electronically sorted by customer number and are subjected to programmed edit checks in preparing its invoices,sales journals,and updated customer account balances.One of the direct outputs of the creation of these tapes most likely would be a

• A) report showing exceptions and control totals.
• B) printout of the updated inventory records.
• C) report showing overdue accounts receivable.
• D) printout of the sales price master file.

---

Definitions:

Demand for Land

The demand for land refers to the desire, backed by purchasing power, for the use of land resources for residential, commercial, or agricultural purposes.

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied changes infinitely with even the smallest change in price.

Perfectly Inelastic

A situation where the demand or supply for a good does not change in response to changes in price.

Single Tax

A system where only one type of tax is levied, often proposed for simplifying the tax system.