A Key Control Concern Is That Certain People Within an Organization

question 88

Multiple Choice

A key control concern is that certain people within an organization have easy access to applications programs and data files. The people are:

• A) data librarians
• B) systems programmers
• C) systems development
• D) data center managers

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Definitions:

Appropriated Retained Earnings

Appropriated retained earnings are portions of retained earnings that are set aside for specific purposes, such as future projects or debt repayment.

Retained Earnings

Retained Earnings represent a company's accumulated net income that is reinvested into the business or used to pay down debt, rather than distributed to shareholders as dividends.

Dividends

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Treasury Stock

Treasury Stock refers to shares that were once part of the outstanding shares of a company but were later reacquired by the company itself.