Which of the Following Types of Control Are Designed to Control

question 74

Multiple Choice

Which of the following types of control are designed to control program development, program changes, computer operations, and access to programs and data?

• A)Computer general controls
• B)Computer application controls
• C)IT dependent manual controls
• D)None of these options are correct.

Identify the effects of asset acquisition and expenditure on financial statements.

Understand the financial implications of asset disposal and exchange.

Learn the impact of depreciation on financial statements and cash flow.

Recognize various depreciation methods and their application to different asset types.

---

Definitions:

Total Sales

The aggregate revenue a company generates from selling goods or services within a specified period.

Fixed Costs

Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

Margin Of Safety

The difference between actual or expected sales and the break-even point, indicating the level of risk in failing to cover fixed costs.

Breakeven

The point at which total costs and total revenue are equal, resulting in no net loss or gain.