What Is the Best Control to Reduce the Risk of Losing

question 11

Multiple Choice

What is the best control to reduce the risk of losing payroll data?

• A) passwords
• B) physical security controls
• C) backup and disaster recovery procedures
• D) encryption

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Definitions:

Note Payable

A written promissory note in which the borrower agrees to pay back a specified sum to the lender at a future date, with interest.

Unearned Fees

Income received by a business for services that have yet to be performed or delivered, considered a liability until the service is completed.

Unearned Revenue

Money received by a company for goods or services that have yet to be provided to the customer.

Accrued Wages

Salaries or wages that have been earned by employees but have not yet been paid by the company.