General Controls Relate to Specific Software and Application Controls Relate

question 160

True/False

General controls relate to specific software and application controls relate to all aspects of the IT environment.

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Definitions:

Early-retirement Incentives

Benefits offered to employees as encouragement to retire before the standard retirement age.

Compulsory Waiver

An obligatory relinquishment of a right, claim, or privilege, often required by contract or law.

ERISA

The Employee Retirement Income Security Act, a federal law that sets standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.

Bilateral Amputee

An individual who has lost or is missing both arms or both legs, typically as a result of trauma, disease, or congenital conditions.