In Form 1, Average monthly compensation should be within PhP5,000 to PhP70,000.

• True
• False

In Form 5, Cost of Goods Sold should be equal to the sum of Goods for resale inventories, beginning plus Goods purchased for resale, less Goods for resale inventories, ending.

• True
• False

In Form 6, Total Sales from E-Commerce Transactions should be greater than Total Revenue.

• True
• False

It generates a reject listing of data items that did not satisfy the specified editing checks in terms of completeness, consistency and reasonableness.

• Data Entry Module

• Data Processing Module

• Data Validation Module

• Data Collection Module

The reject listing displays records and data fields for the following, except:

• Missing Data Items

• Consistency among data items

• Invalid Data Items

• Range Errors

The reject listing provides the list of data records with detected __________ based on the validation rules.

6. Which of the following is incorrect? Valid entry for QR is 0 if

• QS = 2

• QS=4

• QS = 11

• QS = 10

7. There will be a secondary error if LO = 3 and capital participation is 50% Filipino and 50% Chinese.

• True
• False

In Financial Performance (Profitability), to determine whether there is a gain the following conditions should be satisfied:

Total Revenue - Total Expense < 0 and Total Revenue + Total Assets - Total Expense < 0.

• True
• False

In Form 3, the average capacity utilization rate must be greater than or equal to 0

• True
• False