Every Information System Today Should Require Users to Sign on with a User

question 23

Multiple Choice

Every information system today should require users to sign on with a user name and a password. In this case, which of the following functions is performed by the user's password?

• A) authentication
• B) identification
• C) decryption
• D) encryption

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Definitions:

Unrealized Loss-Income

Gains or losses that have occurred on paper but are not yet realized through a transaction.

Fair Value Adjustment

Fair Value Adjustment refers to an accounting action that adjusts the reported value of an asset or liability to reflect its current market value.

Trading Securities Portfolio

A collection of securities bought and held primarily for sale in the short term to generate income on short-term price differences.

Fair Value

The estimated price at which an asset can be bought or sold in an orderly transaction between market participants at the valuation date.