Inserting a Dummy Entity in a Company's System;processing Test Transactions

question 75

Multiple Choice

Inserting a dummy entity in a company's system;processing test transactions to update that will not affect actual records is an example of

• A)integrated test facility.
• B)snapshot technique.
• C)system control audit review file.
• D)audit hooks.

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Definitions:

Total Revenue

The total amount of money a firm receives by selling goods or services, calculated as the unit price times the quantity sold.

Same Direction

Refers to variables that move or change in unison, indicating a positive correlation where if one increases, the other also increases, and vice versa.

Chocolate Chip Cookie Dough

A mixture used to bake chocolate chip cookies, often considered for its raw consumption appeal as well.

Elastic

Describes a situation in which the supply or demand for a good or service is highly responsive to changes in price.