John Owns a Small Department Store That Issues Its Own

question 42

Multiple Choice

John owns a small department store that issues its own credit cards. He has been considering phasing out his own credit card and accepting Visa or MasterCard. If John chooses to do this he will be going from a position of risk to one of risk .

• A) assumption; transfer
• B) reduction; transfer
• C) assumption; avoidance
• D) avoidance; reduction

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Definitions:

Excel Autofilter

A feature in Microsoft Excel that allows users to automatically filter data based on specific criteria, making it easier to sort, find, and organize information.

Further Analysis

Additional examination or evaluation required to gain a deeper understanding of a situation or data.

Internal Control

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Audit Trail

A record that traces the detailed transactions relating to any operational, financial, or security process, allowing verification of the authenticity and integrity of transactions.