Which of the Following Is Not an Enhancement to Internal

question 12

Multiple Choice

Which of the following is not an enhancement to internal control that will occur as a consequence of increased reliance on IT?

• A) computer controls replace manual controls
• B) higher quality information is available
• C) computer-based controls provide opportunities to improve separation of duties
• D) manual controls replace automated controls

Understand the not-invented-here syndrome and its impact on organizational behavior and knowledge valuation.

Understand the concept of utility functions and how they are used to make decisions.

Analyze how different allocations of resources can satisfy fairness and efficiency criteria.

Understand the impact of cost of living differences on financial support decisions.

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Definitions:

Annuity

A retirement funding product that assures fixed payments over time to the receiver, primarily aimed at providing a stable income for retirees.

Payment Interval

The regularity with which payments are dispensed, for instance, on a monthly, quarterly, or yearly basis.

Compounded Quarterly

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, done four times a year.

Future Value

An asset or cash's future worth that is equal to a designated sum in the present day.