When PCs Are Used for Accounting Instead of Mainframes or Client-Server

question 29

Multiple Choice

When PCs are used for accounting instead of mainframes or client-server system, they face a greater risk of loss due to which of the following:

• A)Authorized access
• B)Segregation of duties
• C)Lack of backup control
• D)All of the above

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Definitions:

Product Acceptance

The degree to which a new product is accepted and used by consumers, often influenced by its perceived value and satisfaction.

Skimming Pricing

A pricing strategy where a high price is initially set for a new or innovative product, with the price possibly being lowered later after the initial market demand is satisfied.

Penetration Pricing

A pricing strategy where a product is initially sold at a very low price to rapidly gain market share.

Pricing Strategies

Pricing strategies are methodologies or approaches used by companies to set the selling prices of their products or services, based on factors like cost, competition, and perceived value.