A limit test is a
A. Test to ensure that a numerical value does not exceed some predetermined value.
B. Check to ensure that the value in a field falls within an allowable range of values.
C. Check to ensure that the data in a field have the proper arithmetic sign.
D. Check on a field to ensure that it contains either all numeric or alphabetic characters.
A. Test to ensure that a numerical value does not exceed some predetermined value.
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The process of comparing actual information about input costs and usage to standards is:
a. standard costing b. process costing c. variance analysis d. Activity-based costing
Which one of the following sections is least likely to be found in a corporate annual report?
a. Notes to the Financial Statements b. Forecasts of Cash Flows and Earnings c. Report of the Independent Accountants d. Management's Discussion and Analysis
Explain why each of the following persons or groups would be interested in seeing the financial statements of a company. Also state whether each has a direct or indirect financial interest
a. Potential investor b. Internal Revenue Service c. A labor union d. Securities and Exchange Commission e. Potential creditor f. Management g. Economic planners
Which of the following is true of filtering?
A. Filtering aids effective communication by making a message more favorable to a receiver. B. The more vertical levels in an organization, the more opportunities there are for filtering. C. Filtering occurs at the individual level; the organization cannot encourage or discourage it. D. The use of e-mail increases filtering because communication is more direct.