General Controls Provide a Framework for Controlling Daily Computer Operations

question 41

True/False

General controls provide a framework for controlling daily computer operations, minimizing the likelihood of processing errors, and assuring the continuity of operations in the event of a physical disaster of computer failure.

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Definitions:

Obligations Refusal

A situation where an individual or entity declines to fulfill a duty or agreement previously committed to.

Liquidated Damages

A set sum of money required as a penalty for not fulfilling contractual obligations.

Injunction

A legal order issued by a court that directs an individual or entity to do or to refrain from doing a specific act, used to prevent harm or to preserve the status quo pending a final determination of the case.

Specific Performance

A legal remedy requiring a party to execute a contract as agreed, rather than paying damages for non-performance.