The Best Control Procedure for Accurate Data Entry Is

question 37

Multiple Choice

The best control procedure for accurate data entry is

• A)the use of on-line terminals.
• B)an access control matrix.
• C)passwords and user IDs.
• D)automation of data collection.

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Definitions:

Cash Cycle

The time period between the outlay of cash for materials or inventory purchase and the receiving of cash from customer sales, critical for understanding a company's liquidity and management efficiency.

Short-term Financial Planning

The process of identifying a company's immediate financial needs and devising strategies to meet those needs within a year or less.

Collection Period

The average number of days required to collect receivables from customers.

Stock Dividend

Payment made by a firm to its owners in the form of stock, diluting the value of each share outstanding.