Controls Which Are Designed to Assure That the Information Entered

question 103

Multiple Choice

Controls which are designed to assure that the information entered into the computer is authorized, complete, and accurate are called

• A) input controls.
• B) processing controls.
• C) output controls.
• D) general controls.

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Definitions:

Intangibles

Assets owned by a company that don't have physical substance but have value, such as patents, trademarks, and copyrights.

Intangible Assets

Refers to non-physical assets that have value, such as patents, trademarks, goodwill, and copyrights.

Finite Life

Refers to assets or investments that have a defined time period over which they are expected to generate returns or be useful.

Amortize

The process of paying off a debt over time through regular payments, which can include portions of both principal and interest.