Payments by EFT Are an Important Internal Control for All

question 49

Multiple Choice

Payments by EFT are an important internal control for all of the following reasons EXCEPT for:

• A)the EFTs provide a record of the payments.
• B)the EFT must be approved by an authorized official.
• C)all EFT payments are made by the cashier in the Accounting Department.
• D)the authorizing official should study the evidence supporting the payment before approving the EFT.

Understand the definitions and applications of intellectual property (IP) terms such as trademark, patent, copyright, and trade secret.

Identify the steps involved in protecting intellectual property in various business scenarios.

Distinguish between employees and independent contractors based on legal definitions and criteria.

Recognize fair use exceptions in the context of copyrighted materials.

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Definitions:

Tables

Data structures that organize information in columns and rows, allowing for easy data management and analysis.

Recordset Type

A classification that defines the kind of data a recordset can hold, typically used within databases or software applications that manipulate database records.

Query

A request for information from a database, often written in a structured query language (SQL), used to select, insert, update, or delete data.

Properties

Attributes or characteristics of an object or file in software, describing its various aspects like size, type, modification date, etc.