Confidentiality Is Sometimes Confused With

question 49

Multiple Choice

Confidentiality is sometimes confused with:

• A) privacy.
• B) authenticity.
• C) integrity.
• D) nonrepudiation.

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Definitions:

Normal Balances

The side of an account (debit or credit) where increases to the account are recorded; assets and expenses typically have debit normal balances, while liabilities, equity, and revenue have credit normal balances.

Perpetual Inventory System

An inventory tracking system that updates item records in real-time as transactions occur, providing a constant current inventory level.

Perpetual Inventory System

An inventory accounting system that records inventory purchases and sales in real-time.

Missing Amounts

Calculations or adjustments made in accounting to determine unknown figures in financial statements due to incomplete records or errors.