Application Controls in an IT System That Processed Sales Transactions

question 12

Multiple Choice

Application controls in an IT system that processed sales transactions would include:

• A)Availability
• B)Accuracy and completeness
• C)Security
• D)Processing integrity

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Definitions:

Progressive Tax

A tax system where the tax rate increases as the taxable amount increases, burdening wealthier individuals more.

Progressive Tax

A tax system in which tax rates increase as the taxable amount increases, placing a higher tax burden on individuals with higher incomes.

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting lower-income individuals.

Tax Payments

The compulsory contributions to state revenue levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.