Audit Objectives in the Electronic Data Interchange (EDI)environment Include All

question 22

Multiple Choice

Audit objectives in the electronic data interchange (EDI) environment include all of the following except

• A)all EDI transactions are authorized
• B)unauthorized trading partners cannot gain access to database records
• C)a complete audit trail of EDI transactions is maintained
• D)backup procedures are in place and functioning properly

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Definitions:

Network Externalities

Effects on a user of a product or service that depend on the number of other users of the same or compatible products or services.

Smartphone Market

The sector of the economy that deals with the production, sale, and distribution of smartphones and related services.

Societal Loss

The total loss in welfare or efficiency that a society faces, often due to inefficiencies or externalities in markets.

Constant Marginal

indicates a condition where the marginal increase or decrease of a variable remains constant with each additional unit, often referred to in the context of production or utility.