Refer to IT's About Business 3

question 2

Multiple Choice

Refer to IT's About Business 3.1: Which of the following is false?

• A) Two employees talking about a customer's account is an ethical issue.
• B) Employees talking to friends about peoples bank accounts is an ethical issue.
• C) Educating employees will solve the problems at the bank.
• D) ShaNiqua should have told the bank managers.
• E) Strong information technology security is not the solution.

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Definitions:

Straight-Line Method

A process for figuring out depreciation or amortization by spreading the asset’s price evenly over its operational life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decline in its value over time.

Gain or Loss

The financial result of selling an asset for more or less than its purchase price, respectively.

Fixed Asset Turnover

A financial ratio that measures a company's effectiveness in generating revenue from its fixed assets, such as property, plant, and equipment.