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:

Yield Income

Income generated from investments that pay out returns, such as dividends from stocks or interest from bonds.

Investment Project

An initiative to allocate resources with the expectation of achieving future returns.

Present Discounted Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to calculate the present value of future earnings or obligations.

Future Income

Expected earnings or revenue that an individual or business anticipates receiving in the future.