What is key escrow?
What will be an ideal response?
An organization should protect sensitive data by storing it in encrypted form. Such encryption uses one or more keys. One potential problem with stored data, however, is that the key might be lost or that disgruntled or terminated employees might destroy it. Because of this possibility, when data are encrypted, a trusted party should have a copy of the encryption key. This safety procedure is sometimes called key escrow.
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Assigning of the lower-of-cost-or-market to the items that comprise the inventory of merchandise at the end of the account period is an application of which of the following concepts?
a. materiality b. conservatism c. reliability d. full disclosure
According to Cialdini, the more exclusive the offer, the more valuable your audience may perceive it to be, an example of _____
A) authority B) scarcity C) ability D) social proof E) consistency
The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows:
a. Retained Earnings (beginning) - Net Income = Retained Earnings (ending) b. Retained Earnings (beginning) + Net Income + Dividends = Retained Earnings (ending) c. Retained Earnings (beginning) - Net Income - Dividends = Retained Earnings (ending) d. Retained Earnings (beginning) - Net Income + Dividends = Retained Earnings (ending) e. Retained Earnings (beginning) + Net Income - Dividends = Retained Earnings (ending)
A company that requires only cash in dealing with customers is following risk reduction
Indicate whether the statement is true or false