Consider the Following Question: "What Factors Should Be Considered When

question 75

Multiple Choice

Consider the following question: "What factors should be considered when developing a customer database?" What type of question is this?

• A) background
• B) past behavior
• C) situational
• D) job knowledge

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Definitions:

Internal Control

Processes adopted by organizations to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Data Integrity

The accuracy, consistency, and reliability of data throughout its lifecycle, ensuring it remains intact and unaltered from its original state.

Operating Reserves

Funds set aside by an organization to support operations and ensure financial stability in the event of unexpected circumstances or emergencies.

Short-Term Instruments

Financial tools or securities that have a short maturity period, often less than one year, used for investment purposes.