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:

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Nominal GDP

Nominal GDP is the market value of all final goods and services produced within a country in a given period, measured in current prices.

Aggregate Output

The total value of all goods and services produced in an economy over a specific time period.