Access Controls Should Permit Read-Only Access to Transaction and Master

question 57

Multiple Choice

Access controls should permit read-only access to transaction and master filexcept for authorized individuals. Which of the following illustratsuch an exception?

• A) credit controller can override marginal breaches of a customer's credit limit.
• B) sales manager can amend a price for a sales transaction.
• C) sales manager can amend a discount for a customer.
• D) any of the above.

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Definitions:

Binding Price Ceiling

A legally established maximum price for a good or service that is lower than the equilibrium price, leading to shortages.

Price Floor

A government or regulatory-imposed minimum price below which a good or service cannot legally be sold, intended to protect producers.

Binding Price Floor

A government-imposed price control that sets a minimum price for a good or service, which is above the equilibrium price, causing a surplus.

Excess Supply

A situation in a market where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers at a current price, leading to potential downward pressure on prices.