Discuss How Batch Totals Are Prepared and Used

question 117

Essay

Discuss how batch totals are prepared and used.Explain how the use of batch totals and data transfer logs helps to establish segregation of duties between user departments and the data processing department.

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Definitions:

Billion

A numerical value equivalent to 1,000 million, often used to denote a very large quantity or amount in financial and statistical contexts.

Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen, representing the benefits one misses out on when making a decision.

Excess Capacity

Excess capacity refers to a situation where a company is operating below its maximum output level, indicating that it can produce more with the current resources if there is higher demand.

Expansionary Fiscal Policy

To fight recessions, the federal government lowers taxes and/or raises spending.