Validity Refers to ________

question 35

Multiple Choice

Validity refers to ________.

• A)ensuring that transactions are not omitted from accounting records
• B)ensuring that recorded transactions should have been recorded
• C)ensuring that all recorded transactions have been approved before recording
• D)ensuring that all recorded transactions have been recorded at the right dollar amount

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Definitions:

Maersk Line

Maersk Line, a subsidiary of the Maersk Group, operates one of the world's largest fleets of container ships and is instrumental in global trade and logistics.

Shipping Containers

Large, standardized metal boxes used for transporting goods securely by land or sea.

Moore's Law

The observation that the number of transistors on a microchip doubles approximately every two years, though the cost of computers is halved.

Shared Economy

A system in which an owner rents something they are not using, such as a room, a car, or even a service, to a stranger using peer-to-peer services.