The Use of a Secure File Library and Restrictions on Physical

question 99

Multiple Choice

The use of a secure file library and restrictions on physical access to data files are control procedures used together to prevent

• A)an employee or outsider obtaining data about an important client.
• B)a data entry clerk from introducing data entry errors into the system.
• C)a computer operator from losing or corrupting files or data during transaction processing.
• D)programmers making unauthorized modifications to programs.

---

Definitions:

Treasury Stock

Equities which were first released to the public by a company and later repurchased by the same company, thus diminishing the total number of shares accessible in the marketplace.

Balance Sheet

A comprehensive outline of a business’s financial assets, liabilities, and the equity of its shareholders, aimed to portray the financial standing at a precise point in time.

Stockholders' Equity

Stockholders' Equity is the residual interest in the assets of a corporation after deducting liabilities, essentially what is "owned" by the shareholders.

Investments By Stockholders

Money or other assets that shareholders put into a company to acquire ownership interests.