CRX Corporation Uses General Ledger Software as a Processing Tool

question 24

Multiple Choice

CRX Corporation uses general ledger software as a processing tool in its accounting information system, which creates certain risk exposures.Internal controls to address those risk exposures include:

• A)Daily file backup.
• B)Periodic employee training.
• C)Both daily file backup and periodic employee training.
• D)Neither daily file backup nor periodic employee training.

---

Definitions:

Restitution

The act of compensating for loss, damage, or injury caused, typically in legal contexts.

Indivisible

Pertaining to something that cannot be separated or divided into parts without losing its essential features or functionality.

Complete Performance

The full and exact fulfillment of all terms and obligations as specified in a contract.

Limitation of Liability Clause

A contractual provision that limits the amount one party can claim from another in case of damage, loss, or injury.