The Control Concern That There Will Be a High Risk

question 138

Multiple Choice

The control concern that there will be a high risk of data conversion errors relates primarily to which of the following information systems functions?

• A) data control
• B) data entry
• C) data librarian
• D) database administration

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Definitions:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they were not directly involved in.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, typically resulting from increased production where the cost per unit of output drops as scale increases.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all and one person's use does not diminish another's.

Marginal Social Cost

The total cost to society of producing one additional unit of a good, including both the private costs and any external costs.