The Most Basic Security Procedure in System-Access Controls Is the

question 34

Multiple Choice

The most basic security procedure in system-access controls is the

• A) sign-countersign system.
• B) identification of the user's ID, time, and date of each entry.
• C) user's responsibility to protect his or her password.
• D) system's assignment of the user ID and password.

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Definitions:

Indirect Method

A way of preparing the cash flow statement, where net income is adjusted for non-cash transactions and changes in working capital.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Accounts Receivable

Outstanding payments from customers for goods or services rendered by a company which have not been settled yet.

Direct Method

A way of preparing the cash flow statement where actual cash inflows and outflows from operating activities are reported, as opposed to the indirect method.