A warning message is produced if budget estimate varies by more than a fixed percentage from last year's budget is an example of controlling for:
A)Fraud
B)Data entry errors when recording budgets
C)Underestimation of revenue and expenditure amounts
D)All of the options are correct

Question

Quizplus · Accepted Answer

The warning message produced in this scenario is an example of controlling for data entry errors when recording budgets. It is a preventative measure to catch and correct mistakes in budgeting before they become larger and more significant issues. While this control may indirectly help prevent fraud or underestimation of revenue and expenditure amounts, those are not its primary focus.

A Warning Message Is Produced If Budget Estimate Varies by More