IT Controls Are Classified as Either General or Application Controls

question 54

True/False

IT controls are classified as either general or application controls.

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Definitions:

Negligence

A legal concept indicating failure to exercise the level of care that a reasonable person would in similar circumstances, leading to unintended harm to others.

Breach of Contract

Occurs when one party fails to fulfill their obligations under a contract.

Industry Canada

A department of the Canadian government responsible for national economic development, innovation, and technology.

Knowledge-Based Economy

An economy where growth is primarily driven by the production, distribution, and use of knowledge and information.