This Control Protects Records from Errors That Occur When Two

question 45

Multiple Choice

This control protects records from errors that occur when two or more users attempt to update the same record simultaneously.

• A) concurrent update controls
• B) cross-footing balance test
• C) data conversion controls
• D) recalculation of batch totals

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Definitions:

Present Value Methods

Techniques used to determine the current worth of a future cash flow, stream of cash flows, or an investment, by discounting them at a specific rate.

Net Present Value

A financial metric that calculates the value of a project or investment in terms of its present value of net cash inflows minus the present value of its costs.

Cash Payback Period

The length of time it takes for an investment or project to generate enough cash flows to recover its initial cost.

Present Value Factor

The present value factor is a factor used to calculate the present value of a future amount, considering a specific interest rate over a set period.