ACC 564 FINAL EXAM PART 1 LATEST THREE VERSIONS POSTED MAKING TOTAL OF 150 QUESTIONS

Question 1

The transaction cycle that includes the events of hiring employees and paying them is known as the

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Question 2

Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of

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Question 3

The primary objective of accounting is to

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Question 4

The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle?

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Question 5

Information that is free from error or bias and accurately represents the events or activities of the organization is

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Question 6

Hector Sanchez works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company's

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Question 7

An audit trail

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Question 8

What usually initiates data input into a system?

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Question 9

The general ledger account that corresponds to a subsidiary ledger account is known as a

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Question 10

The efficiency of recording numerous business transactions can be best improved by the use of

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Question 11

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to document the existing accounting information system, and focus on the activities and flow of data between activities. He decides to begin with a summary description of the sources and uses of data in the organization and how they are processed by the system. The documentation tool that he should employ for this purpose is a

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Question 12

In general, a data destination will be shown by

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Question 13

A data flow diagram

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Question 14

A flowchart that depicts the relationships among the input, processing, and output of an AIS is

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Question 15

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the transfer of data to eBay in a context diagram of this process?

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Question 16

The ________ handles the link between the way data are physically stored and each user's logical view of that data.

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Question 17

The logical structure of a database is described by the

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Question 18

The database requirement that foreign keys must be null or have a value corresponding to the value of a primary key in another table is formally called the

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Question 19

A set of individual user views of the database is called the

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Question 20

Inability to add new data to a database without violating the basic integrity of the database is referred to as the

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Question 21

The US Justice Department defines computer fraud as

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Question 22

Which of the following is the greatest risk to information systems and causes the greatest dollar losses?

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Question 23

The most efficient way to conceal asset misappropriation is to

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Question 24

Most fraud perpetrators are insiders because

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Question 25

The simplest and most common way to commit a computer fraud is to

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Question 26

Telefarm Industries is a telemarketing firm that operates in the Midwest. The turnover rate among employees is quite high. Recently, the information technology manager discovered that an unknown employee had used a Bluetooth-enabled mobile phone to access the firm's database and copy a list of customers from the past three years that included credit card information. Telefarm was a victim of

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Question 27

Illegally obtaining and using confidential information about a person for economic gain is known as

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Question 28

A fraud technique that slices off tiny amounts from many projects is called the ________ technique.

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Question 29

Computer fraud perpetrators that modify programs during systems development, allowing access into the system that bypasses normal system controls are using

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Question 30

Which of the following is the easiest method for a computer criminal to steal output without ever being on the premises?

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Question 31

What is one reason why AIS threats are increasing?

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Question 32

The SEC and FASB are best described as external influences that directly affect an organization's

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Question 33

According to the ERM, these objectives help ensure the accuracy, completeness and reliability of internal and external company reports.

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Question 34

According to the ERM, these deal with the effectiveness and efficiency of company operations, such as performance and profitability goals.

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Question 35

When undertaking risk assessment, the expected loss is calculated like this.

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Question 36

Compatibility tests utilize a(n) ________, which is a list of authorized users, programs, and data files the users are authorized to access or manipulate.

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Question 37

In 2007, a major U.S. financial institution hired a security firm to attempt to compromise its computer network. A week later, the firm reported that it had successfully entered the system without apparent detection and presented an analysis of the vulnerabilities that had been found. This is an example of a

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Question 38

The process that allows a firewall to be more effective by examining the data in the body of an IP packet, instead of just the header, is known as

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Question 39

This protocol specifies the procedures for dividing files and documents into packets to be sent over the Internet.

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Question 40

A special purpose hardware device or software running on a general purpose computer, which filters information that is allowed to enter and leave the organization's information system, is known as a(n)

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Question 41

Jeff Davis took a call from a client. "Jeff, I need to interact online and real time with our affiliate in India, and I want to make sure that our communications aren't intercepted. What do you suggest?" Jeff responded "The best solution will be to implement

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Question 42

On March 3, 2008, a laptop computer belonging to Folding Squid Technology was stolen from the trunk of Jiao Jan's car while he was attending a conference in Cleveland, Ohio. After reporting the theft, Jiao considered the implications of the theft for the company's network security and concluded there was nothing to worry about because

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Question 43

One way to circumvent the counterfeiting of public keys is by using

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Question 44

An electronic document that certifies the identity of the owner of a particular public key.

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Question 45

Which of the following descriptions is not associated with symmetric encryption?

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Question 46

This tests a numerical amount to ensure that it does not exceed a predetermined value.

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Question 47

User reviews are an example of a(n)

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Question 48

A copy of a database, master file, or software that will be retained indefinitely as a historical record is known as a(n)

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Question 49

This determines the correctness of the logical relationship between two data items.

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Question 50

When I enter a correct customer number, the data entry screen displays the customer name and address. This is an example of

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Question 1

Refer to the chart above. At what point, measured in terms of the net cost of information, does information overload begin?

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Question 2

Which of the following statements below shows the contrast between data and information?

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Question 3

The primary objective of accounting is to

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Question 4

Transaction cycles can be summarized on a high level as "give-get" transactions. An example of "give-get" in the revenue cycle would be

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Question 5

An example of inbound logistics would consist of

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Question 6

Which of the following is an example of source data automation?

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Question 7

A general journal

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Question 8

Hector Sanchez works in the accounting department of a multinational manufacturing company. His job includes updating accounts payable based on purchase orders and checks. His responsibilities are part of the company's

Answer

Question 9

The efficiency of recording numerous business transactions can be best improved by the use of

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Question 10

To be effective, the chart of accounts must

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Question 11

The Union Soup Kitchen is a non-profit organization that collects, stores, prepares and provides food to the homeless in Erie, Pennsylvania. Donations of food are recorded in a database and a receipt is provided to the donor. When food is used, the database is updated so that it always reflects the amounts and types of food that are available. In a data flow diagram, which type of symbol would be used to represent the flow of data from the donor into the system?

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Question 12

In a document flowchart of a manual payroll processing system, "update employee file" will be shown by a(n) ________ symbol, and "prepare payroll check" will be shown by a(n) ________ symbol.

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Question 13

When preparing a document flowchart, the names of organizational departments or job functions should appear in the

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Question 14

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls. He decides to begin with a description of the information stored in paper records, their sources, and their destinations. The documentation tool that he should employ for this purpose is a

Answer

Question 15

A DFD created at the highest-level or summary view is referred to as a

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Question 16

The ________ acts as an interface between the database and the various application programs.

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Question 17

The problem of changes (or updates) to data values in a database being incorrectly recorded is known as

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Question 18

The update anomaly in file-based systems or unnormalized database tables

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Question 19

When the human resources manager wants to gather data about vacation and personal day usage by employees and by departments, the manager would use which language?

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Question 20

In a well-structured database, the constraint that ensures the consistency of the data is known as the

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Question 21

In a ________ scheme, customer receipts are stolen and then subsequent payments by other customers are misapplied to cover the theft of the original receipts.

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Question 22

Opportunity to commit fraud is comprised of three stages. The stage that often takes most time and effort would include

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Question 23

Which characteristic of the fraud triangle often stems from a lack of internal controls within an organization?

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Question 24

Intentional or reckless conduct that results in materially misleading financial statements is called

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Question 25

Why is computer fraud often more difficult to detect than other types of fraud?

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Question 26

In the 1960s, techniques were developed that allowed individuals to fool the phone system into providing free access to long distance phone calls. The people who use these methods are referred to as

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Question 27

The call to tech support was fairly routine. A first-time computer user had purchased a brand new PC two months ago and it was now operating much more slowly and sluggishly than it had at first. Had he been accessing the Internet? Yes. Had he installed any "free" software? Yes. The problem is likely to be a(an)

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Question 28

Developers of computer systems often include a user name and password that is hidden in the system, just in case they need to get into the system and correct problems in the future. This is referred to as a

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Question 29

I work in the information technology department of a company I'll call CMV. On Wednesday morning, I arrived at work, scanned in my identity card and punched in my code. This guy in a delivery uniform came up behind me carrying a bunch of boxes. I opened the door for him, he nodded and went on in. I didn't think anything of it until later. Then I wondered if he might have been

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Question 30

When a computer criminal gains access to a system by searching records or the trash of the target company, this is referred to as

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Question 31

Go-Go Corporation, a publicly traded company, has three brothers who serve as President, Vice President of Finance and CEO. This situation

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Question 32

A(n) ________ helps top-level managers with high-level activities that demand frequent and regular attention.

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Question 33

When undertaking risk assessment, the expected loss is calculated like this.

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Question 34

Generally in a risk assessment process, the first step is to

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Question 35

The primary purpose of the Foreign Corrupt Practices Act of 1977 was

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Question 36

A special purpose hardware device or software running on a general purpose computer, which filters information that is allowed to enter and leave the organization's information system, is known as a(n)

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Question 37

Multi-factor authentication

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Question 38

Which of the following is an example of a corrective control?

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Question 39

The Trust Services Framework reliability principle that states that users must be able to enter, update, and retrieve data during agreed-upon times is known as

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Question 40

In 2007, a major U.S. financial institution hired a security firm to attempt to compromise its computer network. A week later, the firm reported that it had successfully entered the system without apparent detection and presented an analysis of the vulnerabilities that had been found. This is an example of a

Answer

Question 41

Which of the following is not one of the three important factors determining the strength of any encryption system?

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Question 42

Jeff Davis took a call from a client. "Jeff, I need for my customers to make payments online using credit cards, but I want to make sure that the credit card data isn't intercepted. What do you suggest?" Jeff responded "The best solution will be to implement

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Question 43

These are used to create digital signatures.

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Question 44

Which of the following is not one of the 10 internationally recognized best practices for protecting the privacy of customers' personal information?

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Question 45

Jeff Davis took a call from a client. "Jeff, I need to interact online and real time with our affiliate in India, and I want to make sure that our communications aren't intercepted. What do you suggest?" Jeff responded "The best solution will be to implement

Answer

Question 46

Sequentially prenumbered forms is an example of a(n)

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Question 47

Error logs and review are an example of

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Question 48

This determines if all required data items have been entered.

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Question 49

A facility that is pre-wired for necessary telecommunications and computer equipment, but doesn't have equipment installed, is known as a

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Question 50

User reviews are an example of a(n)

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Question 1

The process of creating value for customers is the result of nine activities that form a

Question 2

When two knowledgeable people acting independently each produce the same information, this information is said to be

Question 3

Refer to the chart above. At what point, measured in terms of the net cost of information, does information overload begin?

Question 4

The value chain concept is composed of two types of activities known as

Question 5

Transaction cycles can be summarized on a high level as "give-get" transactions. An example of "give-get" in the expenditure cycle would be

Question 6

The data processing method used by FedEx to track packages is an example of

Question 7

Changing an employee's hourly wage rate would be recorded in which file?

Question 8

An audit trail

Question 9

In an ERP system, the module used to record data about transactions in the revenue cycle is called

Question 10

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account, it is assumed that

Question 11

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the remote server that is used to store data while the Scruggs are traveling?

Question 12

In a document flowchart of a manual payroll processing system, "update employee file" will be shown by a(n) ________ symbol, and "prepare payroll check" will be shown by a(n) ________ symbol.

Question 13

The Union Soup Kitchen is a non-profit organization that collects, stores, prepares and provides food to the homeless in Erie, Pennsylvania. Donations of food are recorded in a database and a receipt is provided to the donor. When food is used, the database is updated so that it always reflects the amounts and types of food that are available. In a data flow diagram, which type of symbol would be used to represent the flow of data from the donor into the system?

Question 14

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls. He decides to begin with a description of the information stored in paper records, their sources, and their destinations. The documentation tool that he should employ for this purpose is a

Question 15

The Union Soup Kitchen is a non-profit organization that collects, stores, prepares and provides food to the homeless in Erie, Pennsylvania. Donations of food are recorded in a database and a receipt is provided to the donor. When food is used, the database is updated so that it always reflects the amounts and types of food that are available. In a data flow diagram, which type of symbol would be used to represent the storage location of data in the system?

Question 16

The ________ acts as an interface between the database and the various application programs.

Question 17

Using a file-oriented approach to data and information, data is maintained in

Question 18

The logical structure of a database is described by the

Question 19

If a national sales tax were implemented, which language would be used to add a new field in the sales table to track the sales tax due?

Question 20

The update anomaly in file-based systems or unnormalized database tables

Question 21

Which characteristic of the fraud triangle relates to excuses that perpetrators use to justify their illegal behavior?

Question 22

Opportunity to commit fraud is comprised of three stages. The stage that often takes most time and effort would include

Question 23

Which characteristic of the fraud triangle often stems from a lack of internal controls within an organization?

Question 24

The simplest and most common way to commit a computer fraud is to

Question 25

Which of the following is the greatest risk to information systems and causes the greatest dollar losses?

Question 26

A fraud technique that slices off tiny amounts from many projects is called the ________ technique.

Question 27

When a computer criminal gains access to a system by searching records or the trash of the target company, this is referred to as

Question 28

During a routine audit, a review of cash receipts and related accounting entries revealed discrepancies. Upon further analysis, it was found that figures had been entered correctly and then subsequently changed, with the difference diverted to a fictitious customer account. This is an example of

Question 29

The unauthorized access to, and use of, computer systems is known as

Question 30

Telefarm Industries is a telemarketing firm that operates in the Midwest. The turnover rate among employees is quite high. Recently, the information technology manager discovered that an unknown employee had used a Bluetooth-enabled mobile phone to access the firm's database and copy a list of customers from the past three years that included credit card information. Telefarm was a victim of

Question 31

According to the ERM, high level goals that are aligned with and support the company's mission are

Question 32

A ________ is created to guide and oversee systems development and acquisition.

Question 33

The amount of risk a company is willing to accept in order to achieve its goals and objectives is

Question 34

________ controls prevent, detect and correct transaction errors and fraud.

Question 35

The process that a business uses to safeguard assets, provide accurate and reliable information, and promote and improve operational efficiency is known as

Question 36

When new employees are hired by Folding Squid Technologies, they are assigned user names and appropriate permissions are entered into the information system's access control matrix. This is an example of a(an)

Question 37

According to the Trust Services Framework, the reliability principle of integrity is achieved when the system produces data that

Question 38

Meaningful Discussions is a social networking site that boasts over a million registered users and a quarterly membership growth rate in the double digits. As a consequence, the size of the information technology department has been growing very rapidly, with many new hires. Each employee is provided with a name badge with a photo and embedded computer chip that is used to gain entry to the facility. This is an example of a(an)

Question 39

The ________ disseminates information about fraud, errors, breaches and other improper system uses and their consequences.

Question 40

When new employees are hired by Folding Squid Technologies, they are assigned user names and passwords and provided with laptop computers that have an integrated fingerprint reader. In order to log in, the user's fingerprint must be recognized by the reader. This is an example of a(an)

Question 41

In a private key system the sender and the receiver have ________, and in the public key system they have ________.

Question 42

Encryption has a remarkably long and varied history. The invention of writing was apparently soon followed by a desire to conceal messages. One of the earliest methods, attributed to an ancient Roman emperor, was the simple substitution of numbers for letters, for example A = 1, B = 2, etc. This is an example of

Question 43

The system and processes used to issue and manage asymmetric keys and digital certificates are known as

Question 44

Which of the following is not one of the 10 internationally recognized best practices for protecting the privacy of customers' personal information?

Question 45

Which of the following is not one of the three important factors determining the strength of any encryption system?

Question 46

A data entry input control in which the application software sums the first four digits of a customer number to calculate the value of the fifth digit and then compares the calculated number to the number typed in during data entry is an example of a

Question 47

A facility that contains all the computing equipment the organization needs to perform its essential business activities is known as a

Question 48

A validity check is an example of a(n)

Question 49

This ensures that the input data will fit into the assigned field.

Question 50

When a computer system's files are automatically duplicated on a second data storage system as they are changed, the process is referred to as