The Information Technology Team Works Closely with ________

question 6

Multiple Choice

The information technology team works closely with ________.

• A) the customers or clients
• B) the staff in other functional areas of the organization
• C) senior managers of the organization
• D) contributors from outside the organization

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Definitions:

Risk Assessment

The process of identifying, analyzing, and evaluating the levels of risk facing an entity, project, or investment.

Bank Reconciliation

is the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement, to ensure records are consistent.

Notes Receivable

A written promise that obligates a borrower to repay a specific amount of money, with or without interest, to a lender at a future date or on demand.

Interest Revenue

Income a company earns from its cash deposits, investments, or other interest-bearing accounts.