Unchecked Risks and Threats to the IT System Could Result

question 81

Multiple Choice

Unchecked risks and threats to the IT system could result in:

• A)An interruption of the computer operations
• B)Damage to an organization
• C)Incorrect or incomplete accounting information
• D)All of the above

---

Definitions:

Deferred Gross Profit

The portion of gross profit that is earned but not yet recognized, often in installment sales.

Current Liability

A company's debts or obligations that are due within one year, including accounts payable, short-term loans, and other short-term financial obligations.

Deposit Method

An accounting method used when revenue cannot be recognized because the fundamental earnings process is not considered complete.

Cost Recovery Method

An accounting method where revenues are not recognized until all costs have been recovered.