When Dealing with Consumer-Facing Applications, Such as Online Banking and E-Commerce

question 5

True/False

When dealing with consumer-facing applications, such as online banking and e-commerce, strong authentication must be balanced with convenience.

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Definitions:

Cash Payments Journal

A specialized accounting journal used to record all cash outflows or payments made by a business.

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.

Cash Receipts Journal

An accounting journal used to record all cash inflows or money received by the business.