________ Is a Data Entry Input Control That Involves Summing

question 66

Multiple Choice

________ is a data entry input control that involves summing the first four digits of a customer number to calculate the value of the fifth digit,then comparing the calculated number to the number entered during data entry.

• A)Validity check
• B)Duplicate data check
• C)Closed-loop verification
• D)Check digit verification

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Definitions:

Breaking Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, allowing for some control over prices.

Monopolistic Competitors

Companies in a market where many sellers offer products that are similar but not identical, giving each some degree of market power.

Small Companies

Businesses with a smaller scale of operations, employee base, and market presence, often characterized by lower revenues than larger corporations.