All of the Following Statements Are True About the Integrated

question 58

Multiple Choice

All of the following statements are true about the integrated test facility (ITF) except

• A)production reports are affected by ITF transactions
• B)ITF databases contain "dummy" records integrated with legitimate records
• C)ITF permits ongoing application auditing
• D)ITF does not disrupt operations or require the intervention of computer services personnel

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Definitions:

Property Rights

The legal rights to use, control, and derive benefits from a property or resource.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

External Costs

External costs, or negative externalities, are costs that are not borne by the parties directly involved in a transaction or activity but are imposed on third parties or society at large, such as pollution.

Internalized

This term generally refers to the absorption of external effects or costs by the decision-maker, often in the context of environmental economics.