For Each of the Following Situations,indicate the Program Data Editing

question 81

Short Answer

For each of the following situations,indicate the program data editing technique that is appropriate to detect the error:
a.Calgary Mountain Equipment Company uses prenumbered sales orders.The company is not sure that it can account for all sales orders for the week of October 21,200X.
b.The amount of a check in a vouchers payable program was negative.
c.A data entry clerk failed to complete customer address information in a batch of sales orders.

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Definitions:

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a specified price within a specified time.

Underlying Asset

The financial asset upon which derivatives such as options and futures are based, determining their value.

Strike Price

The set price at which the holder of an options contract can buy (in a call option) or sell (in a put option) the underlying security or commodity.

Freddie Mac

Freddie Mac, short for the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise in the United States that provides a secondary market in home mortgages by purchasing mortgage loans from the lenders.