Compliance Laws and Regulations ________

question 8

Multiple Choice

Compliance laws and regulations ________.

• A) create requirements to which security must respond
• B) can be expensive for IT security
• C) Both A and B
• D) Neither A nor B

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Definitions:

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a checking account.

Bank Statement

A document provided by a bank detailing all transactions in an account over a specific period, including deposits, withdrawals, and balances.

Insufficient Funds

Insufficient funds occur when an account does not have enough money to cover drafts against it, leading to a bounce check or declined transaction.

Adjusted Cash Balance

A financial statement figure that reflects the actual amount of cash available, adjusted for items like outstanding checks or deposits in transit.