This Control Ensures That the Correct and Most Current Files

question 24

Multiple Choice

This control ensures that the correct and most current files are being updated.

• A) Cross-footing balance test
• B) Data matching
• C) File labels
• D) Write-protect mechanism

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Definitions:

Voidable Contract

A contract that appears valid and enforceable on the surface but may be declared void by one of the parties based on certain grounds, such as fraud or coercion.

Undue Influence

A situation where an individual is able to persuade another's decisions due to the relationship between the two parties, often leading to an unfair advantage.

Mutual Mistake

A contract law principle where all parties have a common but incorrect belief about a material fact, which can void the agreement.

Duty of Disclosure

The legal obligation to provide all relevant information in a transaction or legal proceeding, ensuring fairness and transparency.