Compliance Verification in Data Extraction and Analysis Software Could Be

question 45

Multiple Choice

Compliance verification in data extraction and analysis software could be used to discover all EXCEPT:

• A) Credit approvals for customer credit limits by credit manager
• B) Excessive per diem amounts on employee expense accounts
• C) Criminal background searches on prospective employees
• D) Insuring that middle managers do not exceed company mandated budget limits

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Definitions:

Promissory Note

A monetary instrument featuring a formal pledge from one entity to another to pay a specified amount of money, which can be either upon request or on a predetermined future date.

Personal Bankruptcy

A legal process by which individuals unable to meet their debt obligations can obtain relief from some or all of their debts.

NSF

NSF stands for Non-Sufficient Funds, indicating that a check cannot be processed due to insufficient funds in the account.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money at a future date or dates.