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:

Accord And Satisfaction

A legal concept where parties to a dispute resolve their differences through a mutually agreed upon solution, often involving payment in exchange for dropping a claim.

Unliquidated Debt

A debt for which the exact value has not been determined, often due to disputes over amount or the presence of damages.

Unilateral Contract

A type of contract where one party makes a promise in exchange for an act by the other party, becoming binding once the act is completed.

Bilateral Contract

A contractual agreement involving two parties where each promises to perform an act in exchange for the other's act.