This Tests a Numerical Amount to Ensure That It Does

question 10

Multiple Choice

This tests a numerical amount to ensure that it does not exceed a predetermined value.

• A) Completeness check
• B) Limit check
• C) Range check
• D) Sign check

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Definitions:

Overstated

An accounting term used when the reported value of a financial statement element is higher than its true value.

Understated

Describes an amount reported in financial statements that is less than the true, fair, or actual amount.

Feminization of Love

The concept that societal norms and expectations often frame love as an emotion more naturally expressed or valued by women.

Breadwinner Fallacy

The incorrect assumption that the person who earns the most money in the household should also bear the greatest responsibility for financial decisions or the welfare of the family.