Which of the Following Controls Would Most Likely Assure That

question 38

Multiple Choice

Which of the following controls would most likely assure that a company can reconstruct its financial records?

• A)Security controls such as firewalls.
• B)Backup data are tested and stored safely.
• C)Personnel understand the data very well.
• D)Paper records.

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Definitions:

Reverse Stock Split

A reverse stock split is an action taken by a corporation to reduce the number of its current shares in the market, thereby increasing the share price.

Market Price

The current price at which an asset or service can be bought or sold in a competitive and open market.

Shares Outstanding

Represents the total number of a company's shares that are currently owned by shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares, rather than cash.