Which of the Following Controls Most Likely Would Ensure That

question 11

Multiple Choice

Which of the following controls most likely would ensure that an organization can reconstruct its financial records?

• A)Hardware controls are built into the computer by the computer manufacturer.
• B)Backup files are stored in a location separate from original copies.
• C)Personnel who are independent of data input perform parallel simulations.
• D)System flowcharts provide accurate descriptions of computer operations.

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Definitions:

Clientele Effect

The theory that a company's stock price changes can attract different types of investors based on dividend policy or other corporate actions.

Efficient Markets Hypothesis

The Efficient Markets Hypothesis (EMH) posits that all known information is already reflected in stock prices, making it impossible to consistently achieve higher returns through stock market predictions.

Ex-Dividend Date

The specific date on which a stock is set to go "ex-dividend," meaning that shareholders of record as of that date will be entitled to receive the declared dividend.

Declaration Date

The specific date on which a company announces its next dividend payment, detailing the amount and when it will be paid.