Which of the Following Is a General Control That Would

question 31

Multiple Choice

Which of the following is a general control that would most likely assist an organization whose systems analyst resigned during the development of a major project?

• A)Grandfather-father-son file retention.
• B)Input and output validation routines.
• C)Systems documentation.
• D)Check digit verification.

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Definitions:

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, making them partial owners of that corporation.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability and the ability to raise capital.

AMT Income

AMT Income refers to the income calculation used to determine the Alternative Minimum Tax, designed to prevent high-income taxpayers from excessively reducing their tax liability through credits and deductions.

Phase Out

A gradual reduction of a tax credit or deduction as a taxpayer's income surpasses a designated threshold.