In 2003,the ________ Worm Clogged the Internet and Caused Bank

question 43

Multiple Choice

In 2003,the ________ worm clogged the Internet and caused Bank of America ATM machines and information systems of hundreds of other organizations to fail.

• A) 911
• B) Michelangelo
• C) Trojan
• D) viral
• E) Slammer

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Definitions:

Straight-Line Depreciation

A procedure for distributing the expense of a physical asset equally over its operational lifetime on an annual basis.

Implied Value

The value derived from underlying assets, expectations of future benefits, or the value inherent in a financial instrument not directly observable.

Special Purpose Entity

A legal entity created for a specific project or objective, often used to isolate financial risk.

Canadian GAAP

Canadian Generally Accepted Accounting Principles, a set of accounting standards used in Canada to ensure financial statements are consistent and transparent.