Duplicate Checking of Calculations Is an Example of a ________

question 79

Multiple Choice

Duplicate checking of calculations is an example of a ________ control,and procedures to resubmit rejected transactions are an example of a ________ control.

• A)corrective;detective
• B)detective;corrective
• C)preventive;corrective
• D)detective;preventive

Understand the critiques of education and religion from various theoretical perspectives.

Reflect on how personal and societal beliefs about religion and education affect individual experiences and societal norms.

Understand the concepts of assimilation and accommodation and their application in relationships.

Comprehend the nature and effects of downward social comparisons in individual psychology.

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Definitions:

First-In, First-Out

An inventory valuation method where the oldest inventory items are recorded as sold first.

Equivalent Units

This refers to the quantity of partially completed goods, expressed in terms of fully completed units, used in process costing to accurately allocate costs between completed and unfinished items.

Material Costs

Expenses for raw materials that are used in the production of goods.

First-In, First-Out

An inventory valuation method where the first goods purchased or produced are the first ones to be sold or used, presuming that older inventory is used before newer inventory.