When PCs Are Used for Accounting Instead of Mainframes or Client-Server

question 29

Multiple Choice

When PCs are used for accounting instead of mainframes or client-server system, they face a greater risk of loss due to which of the following:

• A)Authorized access
• B)Segregation of duties
• C)Lack of backup control
• D)All of the above

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Fixed Cost

Expenses that do not vary with the level of production or sales, such as rent or salaries.

Variable Cost

Costs that vary directly with the level of production or with volume of output.

Inelastic Demand

A market situation where the demand for a product does not significantly change with a change in its price.