The Control That Verifies Accuracy by Comparing Two Alternative Ways

question 1

Multiple Choice

The control that verifies accuracy by comparing two alternative ways of calculating the same total is called

• A)concurrent update controls.
• B)cross-footing balance test.
• C)data conversion controls.
• D)recalculation of batch totals.

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Definitions:

Efficiency Argument

The principle that resources should be allocated in a way that maximizes the productivity or welfare of a community or economy.

Jobs Argument

A perspective or argument centered on the impacts of economic policies or business decisions on employment levels.

Infant-Industry

An economic rationale for trade protectionism arguing that new industries need to be shielded from international competition to allow them to grow and become competitive.

Infant-Industry Argument

The justification for protective tariffs to shield emerging domestic industries from international competition until they become competitive.