What Usually Initiates Data Input into a System

question 36

Multiple Choice

What usually initiates data input into a system?

• A) The transaction system automatically checks each hour to see if any new data is available for input and processing.
• B) The performance of some business activity generally serves as the trigger for data input.
• C) A general ledger program is queried to produce a trial balance at the end of an accounting period.
• D) Data is only input when a source document is submitted to the accounting department.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping to the right, reflecting the inverse relationship between price and quantity demanded.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Firm's Willingness

The inclination or readiness of a business to take certain actions, such as producing a certain quantity of goods or setting a certain price, based on economic motivations.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.