Answered: How is a crosscheck performed? Group…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Concept explainers

Question

How is a crosscheck performed?

Group of answer choices

-An anova test

-Through a chi-square test

-A t-chart analysis

-Adding rows across and columns down and comparing the results

Expert Solution

Step 1: Explain Cross checking

Cross-checking is the aspect or process that is used for verifying data or information by comparing it with other information or sources. Cross-checking is frequently used in the business as it assists in auditing financial data. Moreover, it also ensures compliance with regulations in the business and determines or detects fraudulent activities of the business. It is the checking method that assists in determining whether the information is correct.

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions