A Company's Computer System Is Housed on a Separate Floor

question 22

Multiple Choice

A company's computer system is housed on a separate floor of the company's corporate headquarters.Employees must enter their thumbprints on an electronic lock before the elevator will take them to this floor.This control is primarily designed to prevent ________.

• A)errors in recording and updating the financial accounting information
• B)unauthorized access to the financial accounting records
• C)loss of the data in the financial accounting records
• D)incorrect acceptance of material items

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Definitions:

Money Supply

The total amount of money available in an economy at a particular time, including cash and bank deposits.

Well-reasoned Decisions

Choices or conclusions derived from careful thought, analysis, and evaluation of relevant information.

Rational Expectations

The hypothesis that people form forecasts about the future based on all available information in an unbiased manner and learn from past mistakes.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, not controlled by the government.