In the Future, What Two Types of Systems Will Work

question 66

Multiple Choice

In the future, what two types of systems will work together to capture secured events and the individual and personal information surrounding that event?

• A) Biometrics and transaction processing
• B) Forensics and data mining
• C) Database management and CAVE
• D) Biometrics and virtual reality

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Definitions:

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collectible, recorded as a contra asset account.

Uncollectible Accounts

Accounts receivable that are considered to be uncollectable from debtors, leading to them being written off as a bad debt expense.

Net Credit Sales

Sales made on credit minus any returns or allowances, indicating the actual credit sales revenue generated during a period.

Balance Sheet Approach

A method in financial analysis that focuses on the balance sheet and its components: assets, liabilities, and equity.