IT Controls Can Be Divided into Two Categories, General Controls

question 30

Multiple Choice

IT Controls can be divided into two categories, general controls and application controls.Which of the following is an example of a general control?

• A)The alignment of a company's IT strategy with its business strategy
• B)The use of passwords to allow only authorized users to log into an IT-based accounting system
• C)The use of an elaborate set of checks and balances whereby a company's leadership is held accountable for building shareholder value
• D)A company performing background checks on employees of its IT department

Analyze the effect of accruals as a financing option.

Understand the implications of utilizing receivables in working capital management.

Distinguish between various forms of credit agreements and their characteristics.

Assess the impact of depreciation on cash flow and budgeting.

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Definitions:

Proposed Plan

A detailed scheme or method put forward for consideration or implementation, aimed at achieving specific outcomes or solving particular problems.

Strategic Public Relations Programs

Systematic plans designed to improve the public image of an organization, employing tactics to influence public perception and foster positive relationships.

Return on Investment

A financial metric used to measure the likelihood of gaining a return from an investment. It is the ratio of net profit to cost of investment.

Situation Analysis

The process of evaluating the current status of a company or project to identify strengths, weaknesses, opportunities, and threats (SWOT).