What Control Should Be Put in Place That Assigns Responsibility

question 21

Multiple Choice

What control should be put in place that assigns responsibility for EFT payments made to vendors?

• A)Encrypt all EFT transmissions.
• B)Time stamp all EFT transactions.
• C)Establish a control group to monitor EFT transactions for validity and accuracy.
• D)Number all EFT transactions.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Demand

The willingness and ability of consumers to purchase goods or services at a given price level.

Supply

The complete quantity of a product or service that can be bought at a particular price point.