Which of the Following Is the Greatest Risk to Information

question 22

Multiple Choice

Which of the following is the greatest risk to information systems and causes the greatest dollar losses?

• A) human errors and omissions
• B) physical threats such as natural disasters
• C) dishonest employees
• D) fraud and embezzlement

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Definitions:

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a set of guidelines and standards for financial reporting and accounting practices to ensure consistency and transparency.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.

Noncontrolling Interest

It refers to the ownership in a subsidiary not attributable to the parent company, representing a minority share that does not control the company.