What are some of the best practices that HR managers should consider to secure information security and privacy? Be sure to list at least five best practices that were discussed in class, as well as in your textbook.
What will be an ideal response?
• Train users on how to securely use and handle the equipment, data, and software.
• Train employees to “log off” personal computers after they are through using them.
• Do not allow passwords to be shared. Change passwords frequently.
• Run software through a virus detection program before using it on the system.
• Ensure that backup copies, data files, software, and printouts are used only by authorized users.
• Make backup copies of data files and programs.
• Ensure that all software and mainframe applications include an audit trail (a record of the changes and transactions that occur in a system, including when and who performed the changes).
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An example of fraudulent financial reporting is the CFO intentionally overstating sales to boost profits
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true?
a. A company must use the FIFO cost flow assumption for taxes as well as for financial accounting and reporting. b. A company may use FIFO for inventory valuation purposes on the balance sheet provided that LIFO cost of goods sold is reported on the income statement. c. Application of LIFO for financial reporting purposes must strictly follow IRS regulations relating to LIFO. d. LIFO is the only inventory method that must be used for financial reporting purposes if used for tax purposes.
In a grant proposal, what does the evaluation section identify?
A) How to measure the success of the program B) Who is responsible for overseeing the program C) What the overall program will look like D) What criteria should be used when deciding to grant to proposal request E) Why the writer is passionate about the project
Direct operating margin is:
a. the sum of departmental gross profit and direct operating expenses. b. the difference between departmental gross profit and direct operating expenses. c. the difference between departmental gross profit and indirect operating expenses. d. the difference between departmental gross profit and operating expenses. e. the difference between departmental net income and cost of goods sold.