The Venice office receives this outside reporting request: lender asks for borrowing support. Which response best controls the administrative file?
Correct Answer
D) management-approved report
External reporting should use reviewed and approved packages rather than uncontrolled raw records.
Why This Is the Correct Answer
External reporting should use reviewed and approved packages rather than uncontrolled raw records.
Why the Other Options Are Wrong
Option A: unchecked invoice batch
unchecked invoice batch belongs to a different file or record trail; it does not prove the external reporting event.
Option B: equipment title copy
equipment title copy belongs to a different file or record trail; it does not prove the external reporting event.
Option C: weather record file
weather record file belongs to a different file or record trail; it does not prove the external reporting event.
Memory Technique
A record works only when it proves the exact reviewed event for Controller Handles.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, External Reporting Packages; use the stated business record or control rule to verify the answer.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?