The Best Control Procedure for Accurate Data Entry Is

question 20

Multiple Choice

The best control procedure for accurate data entry is

• A)the use of on-line terminals.
• B)an access control matrix.
• C)passwords and user IDs.
• D)the automation of data collection.

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Definitions:

Semiannual Compounding

Refers to the process of applying interest to a principal amount twice a year, resulting in interest being calculated on previously earned interest as well as the principal.

Calgary Real Estate Board

An industry association in Calgary, Alberta, that provides resources and support to real estate professionals.

Compound Increase

An increase where interest is calculated on the initial principal and also on the accumulated interest of previous periods.

Compounded Semiannually

The process of computing interest twice yearly and adding it to the principal sum, affecting the total amount earned or paid.