You Are Watching the News and Learn That There Has

question 31

Multiple Choice

You are watching the news and learn that there has been a security breach of credit card information at a large department store.The news report also states that the same company has had recent layoffs.The report says that the company is looking into whether or not the breach was done by an insider.Why would the company investigate the possibility of the breach being from an insider?

• A) Because insiders like to cause disruption and panic among citizens.
• B) Because insiders create threats after incidents at their places of employment.
• C) Because insiders change contents to make a political statement.
• D) Because insiders lack the knowledge of computers and networks to perform this task.

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Definitions:

Gross Method

An accounting method for recording purchases at the full invoice price without deducting any cash discounts offered.

Sales Discounts

Reductions in the sale price given by a seller to a buyer, often used as an incentive for early payment or bulk purchasing.

Receivable

Amounts of money owed to a company by its customers or other parties for goods or services provided.

Periodic Inventory System

An inventory system that updates inventory records at specific intervals, requiring physical counts to determine cost of goods sold.