Identify the True Statement About Control Activities in an E-Business

question 36

Multiple Choice

Identify the true statement about control activities in an e-business environment.

• A) Although the same types of control activities are used, they are not as effective in e-business.
• B) Adequate separation of duties is not as important in e-commerce as it is in traditional brick-and-mortar businesses.
• C) Proper authorization is a key control in e-business - passwords, firewalls, digital signatures and certificates, and biometrics are especially important and must be carefully monitored.
• D) A and C only
• E) All of the above

Understand how to create a budget in QuickBooks, including customization options.

Distinguish between the direct write-off method and the allowance method for accounting for bad debts.

Grasp how to prepare a bid for a potential customer using QuickBooks.

Understand the significance of the audit trail in improving internal controls.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country, often leading to significant social, economic, and cultural impacts on the host country.

American Ideals

The fundamental beliefs and values that are considered foundational to American society, including liberty, democracy, equality, and justice.

Anita Whitney

An American political activist involved in early 20th-century movements for social and labor reforms, later convicted under the California Criminal Syndicalism Act.

Fourteenth Amendment

Ratified in 1868, this amendment to the U.S. Constitution granted citizenship to all persons born or naturalized in the United States, including formerly enslaved people, and provided equal protection under the laws.