The Reentry of Transaction Data with Machine Comparison of the Initial

question 14

Multiple Choice

The reentry of transaction data with machine comparison of the initial entry to the second entry to detect errors is called

• A) batch balancing.
• B) key verification.
• C) validity checking.
• D) a run-to-run comparison.

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Definitions:

Good Faith

A principle requiring parties to act honestly and not mislead or withhold critical information in transactions.

Ownership Rights

The legal rights that confer control and discretion over property, including the rights to use, sell, or lease it.

Article 2

Relates to a section or part of a legal document or legislation that deals with a specific point or issue.

Transactions in Goods

Commercial exchanges involving the sale and purchase of physical products, as opposed to services or digital goods.