The Generic Elements of an AIS Include Processes and Storage

question 2

Multiple Choice

The generic elements of an AIS include processes and storage.Which of the following statements about them is most true?

• A)Both require internal controls, but the specific controls may be different.
• B)Both require identical internal controls.
• C)Storage is not subject to internal controls, but processes are.
• D)Processes are not subject to internal controls, but storage is.

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Definitions:

Company Policy

A set of rules and guidelines created by a company to outline its operations, decision-making processes, and ethical standards.

Money Value

Refers to the purchasing power of money, indicating how much goods or services a unit of money can buy.

Hawk-Dove Game

A model in game theory that examines the strategies of individuals in a conflict, where 'hawks' represent aggression and 'doves' represent peacefulness.

Payoff

The gain or loss realized from an investment, action, or decision.