Which of the Following Is an Accurate Statement Regarding Control

question 30

Multiple Choice

Which of the following is an accurate statement regarding control activities?

• A) As the level of complexity of IT systems increases, the separation of duties often becomes blurred.
• B) Segregation of duties would be violated if the same person authorizes the payment of a vendor's invoice and also approves the disbursement of funds to pay the bill.
• C) The most important type of protective measure for safeguarding assets and records is the use of physical precautions.
• D) All of the above.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at various prices.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied at those prices in a market.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Substitute

Replacement items or alternatives that consumers may choose, which impacts market demand and competition among sellers.