Strong General Controls Mitigate Which Type of Risks

question 13

Multiple Choice

Strong general controls mitigate which type of risks?

• A) Risk of system obsolescence
• B) Risk of system crash
• C) Risk of theft of information and data
• D) All of the above

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Definitions:

Real and Financial Assets

Real assets are physical or tangible assets like real estate, while financial assets are intangible and represent a claim on future income or assets, such as stocks and bonds.

Money Inflows

Funds entering an economy, organization, or financial account, often measured over a set period of time.

Foreign Aid

Financial assistance provided by one country to another, often aimed at promoting development and welfare.

Assets Abroad

Financial holdings or investments located outside one's home country, which can include bank accounts, real estate, stocks, and bonds.