An Extra Character Added to a Numeric Code as a Device

question 146

Multiple Choice

An extra character added to a numeric code as a device to test the accuracy of data entered into a computer system is called a:

• A) control digit
• B) check digit
• C) mnemonic digit
• D) significant digit

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Definitions:

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company seeks before pursuing a project or investment.

Capital-Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the prospective inflows and outflows to determine whether they meet a sufficient return on investment.

IRR Method

The Internal Rate of Return (IRR) method is a financial analysis tool used to evaluate the profitability of investments by finding the interest rate at which the net present value of all cash flows (both positive and negative) from a particular project equals zero.