A Specific Inventory Record Indicates That There Were 12 Items

question 4

Multiple Choice

A specific inventory record indicates that there were 12 items on hand before a customer brings two of the items to the check stand to be purchased.The cashier accidentally entered quantity 20 instead of 2.Which data entry control would best have prevented this error?

• A) sign check
• B) limit check
• C) validity check
• D) field check

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Definitions:

Index Funds

A type of mutual fund or exchange-traded fund designed to follow or track the components of a market index, such as the S&P 500.

PHStat

A software add-in for Microsoft Excel that assists in statistical analyses.

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared deviations from the mean of the set.

Index Funds

Mutual funds or exchange-traded funds (ETFs) designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.