Match Each Definition with the Correct Term Below

question 37

Multiple Choice

Match each definition with the correct term below.
-Estimated liabilities

• A)Definite debts or obligations whose exact dollar amount cannot be known until a later date.
• B)Liabilities due beyond one year or beyond the normal operating cycle.
• C)Unsecured loans that are sold to the public ,usually through professionally managed investment firms.
• D)The cost of using money for a specific period.
• E)A potential liability that depends on a future event arising out of a past transaction.
• F)Debts and obligations that a company expects to satisfy within one year or within its normal operating cycle.
• G)The interest cost for two or more periods when,after each period,the interest earned in that period is added to the amount on which interest is calculated in future periods.
• H)A legal obligation that does not meet the technical requirements for recognition as a liability.
• I)A person who is not an employee of the organization and so is not accounted for under the payroll system.
• J)The interest cost for one or more periods when the principal sum stays the same from period to period.

Recognize security measures like passwords and backups in protecting data and network access.

Distinguish between different types of computer systems and their capabilities, such as midrange computers, supercomputers, and decision-support systems.

Understand the importance of disaster prevention strategies in information technology, including on-site and off-site data backup.

Differentiate between various threats to computer systems, such as viruses and worms.

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Definitions:

Current Average

Refers to the mean value of a set of current data points, often used in financial and statistical analyses to gauge current trends.

Connecting System

A system designed to link two or more computing systems or software applications for the purpose of sharing data or functionality.

IS Skills

Information Systems skills entail the abilities and knowledge required to manage, develop, and implement technology and information systems effectively in organizations.

Consultative Function

A consultative function involves advising or providing expert recommendations to individuals or organizations, typically in decision-making processes.