A Type of Data Entry Control That Would Ensure That

question 83

Multiple Choice

A type of data entry control that would ensure that adjusting entries are posted to existing general ledger accounts is called a(n) ________ check.

• A)validity
• B)existence
• C)closed loop verification
• D)reasonableness

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Definitions:

Marginal Costs

The excess cost involved in producing one more unit of a good or service.

Demand for Wine

The desire or consumers' willingness to purchase wine at a given price level.

Cournot Duopolists

Refers to a market structure where two firms compete with each other by independently choosing production levels to maximize profit, assuming the other's output level as given.

Imports

Products or services imported from foreign countries for the purpose of sale.