A Programming Error Causes the Sale of an Inventory Item

question 94

Multiple Choice

A programming error causes the sale of an inventory item to be added to the quantity on hand attribute in the inventory master data. Which control goal was not achieved?

• A) ensure update completeness
• B) ensure input accuracy
• C) ensure update accuracy
• D) ensure input completeness

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Definitions:

Insurance Policy

A contract that provides financial protection against losses or damages, defining the terms, coverage, premiums, and conditions under which the insurer will compensate the insured.

Accounting Equation

The fundamental principle of finance stating that assets equal liabilities plus equity.

Paid Cash

The act of settling a transaction, or an obligation or debt, with the use of cash money instead of other forms of payment like credit.

Received Payment

The money received by an individual or a company for goods delivered or services rendered.