All of the Following Edit Checks for Online Editing of Accounts

question 54

Multiple Choice

All of the following edit checks for online editing of accounts receivable transactions would probably be included except

• A)validity checks on customer ID and invoice numbers.
• B)check digit verification on the amount of the sale.
• C)closed loop verification on the customer ID.
• D)field checks on the values in dollar fields.

---

Definitions:

White Knight

A friendly investor or company that acquires a corporation at fair consideration, often to rescue it from a hostile takeover.

Takeover

A corporate action where one company acquires control over another company, either through a direct purchase of its shares or by agreement.

Board of Directors

A group of individuals elected by shareholders to oversee the management and direct the affairs of a corporation.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them ownership interests and rights such as voting on corporate matters.