Which of the Following Is an Issue That Must Be

question 129

Multiple Choice

Which of the following is an issue that must be addressed in the internal controls for e-commerce?

• A)encryption
• B)firewall
• C)phishing expeditions
• D)separation of duties

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Definitions:

Maturity Value

The amount payable to the holder of a financial instrument at the date when the instrument becomes due and payable, including principal and any applicable interest.

365-Day Year

A calendar model assuming exactly 365 days in a year, commonly used for calculating interest in finance.

Discount Method

Method of computing the net price using the trade discount rate to calculate the amount of trade discount, and, subsequently, the net price.

Actual Interest Rate

The real cost of borrowing money, including all fees and interest rates, more comprehensively represented than the nominal interest rate.