In Order to Maintain Good Internal Control Within the Computer

question 12

Multiple Choice

In order to maintain good internal control within the computer department:

• A)Computer operators need to be good programmers
• B)Programmers should have control over day-to-day production runs
• C)Computer operators should be allowed to make changes in programs as needed in order to keep the computer running
• D)Programmers and computer operators should be in separate sections of the computer department
• E)The tape librarian should be able to operate the computer

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Definitions:

Bretton Woods Agreement

A 1944 agreement that established a new international monetary system, creating institutions like the International Monetary Fund (IMF) and the World Bank to ensure financial stability and promote economic cooperation.

Gold Standard

An economic setup where the worth of paper money or a country's currency is directly connected to the value of gold.

Fixed Exchange Rates

A government or central bank policy to maintain the country’s currency at a constant value relative to another currency or a benchmark.

Floating Exchange Rates

A currency valuation system where the value of a currency is determined by the foreign exchange market based on supply and demand relative to other currencies.