Matching Customer Account Numbers and Inventory Item Numbers to the Numbers

question 107

Multiple Choice

Matching customer account numbers and inventory item numbers to the numbers in the customer and inventory master files is an example of a

• A)completeness test.
• B)field check.
• C)reasonableness test.
• D)validity check.

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Definitions:

TIPS

Treasury Inflation-Protected Securities; these are U.S. government bonds that are indexed to inflation to protect investors from the negative effects of rising prices.

Convertible Bonds

Bonds issued by a corporation that can be converted into a predetermined number of the company's shares at certain times during their life, usually at the discretion of the bondholder.

Premium Bond

A bond trading above its face value or principal amount, often due to lower market interest rates compared to the bond's coupon rate.

Capital Gain

The profit earned from the sale of an asset or investment when the selling price exceeds the purchase price.