The Data Entry Control That Would Best Prevent Entering an Invoice

question 8

Multiple Choice

The data entry control that would best prevent entering an invoice received from a vendor who is not on an authorized supplier list is

• A)a validity check.
• B)an authorization check.
• C)a check digit.
• D)closed-loop verification.

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Definitions:

Transferred

The act of moving or conveying something from one place, person, or entity to another.

Ordinary Holder

A term used in finance to describe a person in possession of a negotiable instrument, like a check or bond, who has certain rights to it.

HDC (Holder in Due Course)

A party that has acquired a negotiable instrument in good faith and for value, therefore enjoying certain legal protections.

Unauthorized

Actions or access that have not been approved or sanctioned by the rightful authority.