Which of the Following Is NOT Part of IT Controls

question 87

Multiple Choice

Which of the following is NOT part of IT controls?

• A)Event controls
• B)IT general controls
• C)Entity-level controls
• D)Application controls

Understand the importance of choosing the appropriate inventory valuation method.

Learn the differences among FIFO, LIFO, and weighted average inventory valuation methods.

Recognize the influence of inventory valuation methods on financial statements.

Calculate inventory turnover and understand its implications.

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Definitions:

Short-Term Memory

The power to retain a slight amount of data in a state of readiness and activity for a brief period.

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, from days to decades, involving facts, experiences, and skills.

Sensory Memory

The shortest-term element of memory, where sensory information is retained for very short periods, usually under a second.

Executive Control System

A cognitive system responsible for planning, decision-making, problem-solving, and regulating attention and thoughts, critical for goal-directed behavior.