In the following first list are eight examples of the items described in the second list. Match the two lists by placing the capital letter from the first list on the blank line preceding the description to which it best relates. One description in List 2 can be answered with two matches from List 1. Therefore, you should have two letters left over from list 1. Match the concept in List 1, with the definition or description in List 2. One description in List 2 can be answered with two matches from List 1. Therefore, you should have two letters left over from List 1. List 1—Concepts A. Application (i.e., automated) control B. Corrective control C. Control environment D. Input validity E. Input completeness F. Input accuracy G. Update completeness H. Efficient use of resources List 2—Definitions/Descriptions _____ 1. Insurance policy reimburses a company for losses due to a fire in a warehouse. _____ 2. Shipping notices have a serial number that is tracked to ensure that they are all input. _____ 3. Computer reviews each input to ensure that all required data are included. _____ 4. Inventory movements are tracked with a scanner to reduce manual counting. _____ 5. Purchase orders are signed to approve the purchase.

BuyFind

Pkg Acc Infor Systems MS VISIO CD

10th Edition
Ulric J. Gelinas
Publisher: CENGAGE L
ISBN: 9781133935940
BuyFind

Pkg Acc Infor Systems MS VISIO CD

10th Edition
Ulric J. Gelinas
Publisher: CENGAGE L
ISBN: 9781133935940

Solutions

Chapter
Section
Chapter 7, Problem 2SP
Textbook Problem

In the following first list are eight examples of the items described in the second list. Match the two lists by placing the capital letter from the first list on the blank line preceding the description to which it best relates. One description in List 2 can be answered with two matches from List 1. Therefore, you should have two letters left over from list 1. Match the concept in List 1, with the definition or description in List 2. One description in List 2 can be answered with two matches from List 1. Therefore, you should have two letters left over from List 1.

List 1—Concepts

  1. A. Application (i.e., automated) control
  2. B. Corrective control
  3. C. Control environment
  4. D. Input validity
  5. E. Input completeness
  6. F.  Input accuracy
  7. G. Update completeness
  8. H. Efficient use of resources

List 2—Definitions/Descriptions

_____ 1. Insurance policy reimburses a company for losses due to a fire in a warehouse.

_____ 2. Shipping notices have a serial number that is tracked to ensure that they are all input.

_____ 3. Computer reviews each input to ensure that all required data are included.

_____ 4. Inventory movements are tracked with a scanner to reduce manual counting.

_____ 5. Purchase orders are signed to approve the purchase.

Expert Solution

Want to see the full answer?

Check out a sample textbook solution.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.

Chapter 7 Solutions

Pkg Acc Infor Systems MS VISIO CD

Additional Business Textbook Solutions

Find more solutions based on key concepts
EFFECTIVE INTEREST RATE You borrow 85,000; the annual loan payments are 8,273.59 for 30 years. What interest ra...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

What is a footing?

College Accounting, Chapters 1-27

What is whistle-blowing? Who protects the whistle-blowers?

Foundations of Business (MindTap Course List)

How would process costing for services differ from process costing for manufactured goods?

Managerial Accounting: The Cornerstone of Business Decision-Making

What is network virtualization?

Accounting Information Systems