The Risk That a Computer System May Malfunction During the Processing

question 37

True/False

The risk that a computer system may malfunction during the processing of data is an example of operational risk.

---

Definitions:

Common Stock Dividend Distributable

A liability on the balance sheet representing the amount of dividends that have been declared by the company but not yet paid to shareholders.

Liability Account

A financial accounting term for obligations or debts that a company owes to others.

Stock Dividend

A dividend paid to shareholders in the form of additional shares of stock, rather than cash.

Corporate Assets

Assets owned by a corporation, including cash, inventory, property, and intellectual property, that are used in the operation of the company.