Which of the Following Is a General Control That Would

question 61

Multiple Choice

Which of the following is a general control that would most likely assist an entity whose systems analyst left the entity in the middle of a major project?

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

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Definitions:

Bond

A fixed income investment in which an investor loans money to an entity that borrows the funds for a defined period at a variable or fixed interest rate.

Premium

An amount paid in addition to a standard price or rate; in insurance, it's the amount paid for coverage.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay.