A Computer Operator Accidentally Used the Wrong Master File When

question 12

Multiple Choice

A computer operator accidentally used the wrong master file when updating a transaction file.As a result,the master file data is now unreadable.Which control could best have prevented this from happening?

• A) Internal header label
• B) Validity check
• C) Check digit
• D) Parity check

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Definitions:

Shareholder's Liability

The financial responsibility of the shareholders of a company is typically limited to their investment in the company's shares.

Retained Earnings

Retained Earnings represent the cumulative amount of net income a company retains, rather than distributing to shareholders as dividends.

Restricted

Assets or funds that are reserved for a specific purpose and cannot be freely used for other expenses or investments.

Stock Split

The division of a company's existing stock into multiple shares to boost the liquidity of the shares, though the market capitalization remains unchanged.