An Inventory Record Indicates That 12 Items of a Specific

question 140

Multiple Choice

An inventory record indicates that 12 items of a specific product are on hand.A customer purchased two of the items,but when recording the order,the data entry clerk mistakenly entered 20 items sold.Which check could detect this error?

• A)numeric/alphabetic data checks
• B)limit check
• C)range check
• D)reasonableness check

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Definitions:

Interest Rate

The percentage charged on a loan or paid on an investment over a specific period of time, often annually.

Equal Dollar Amounts

Situations where monetary values, contributions, or distributions are the same in magnitude.

Annuity Contract

A financial product sold by financial institutions that provides a series of payments in exchange for an initial payment.

Annual Return

The percentage change in an investment's value over a year, accounting for dividends, capital gains, and interest earned.