If a Firm Does Not Use an ERP,the Best Way

question 44

Multiple Choice

If a firm does not use an ERP,the best way to mitigate the risk of the destruction of master data is to

• A) implement backup and disaster recovery procedures.
• B) use an ERP.
• C) proper segregation of duties.
• D) use of multiple master data files.

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Definitions:

Quarterly Withdrawals

Withdrawals made from an account or investment every three months.

Investment Earning

The profit generated from investing capital in financial assets, such as stocks, bonds, or real estate.

Compounded Annually

Interest calculation method where interest is added to the principal once a year.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.