Annual contributions to a Keogh plan cannot exceed the greater of $55,000 or 100% of compensation.
Answer the following statement true (T) or false (F)
False
Self-employed individuals can contribute the lower of $55,000 or 25% of earned income from self-employment.
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A significant advantage to a consumer of a credit card system in comparison to a debit card system is _____
a. the delayed payment benefit b. higher security c. tightened privacy d. lower cost
All aspects of software are protected by copyright law
Indicate whether the statement is true or false
The probability of making a Type I error is denoted by
a. ? b. ? c. 1 - ? d. 1 - ?
The first list below contains 10 control plans. The second list describes 10 system failures that have control implications.
? Required: On the answer line to the left of each system failure, insert the capital letter from the first list of the best control plan to prevent the system failure from occurring. If you can't find a control that will prevent the failure, then choose a detective or a corrective plan. A letter should be used only once. ? Control Plans A. Personnel development control plans B. Operations run manuals C. Disaster recovery plans D. Program change controls E. Physical control plans F. Segregation of systems development and programming from computer operations G. Retention control plans H. Restriction of physical access to computer resources I. Segregation of recording events from safeguarding resources J. Biometric identification system ? Answers SYSTEM FAILURES ? ? ________ 1. The controller at Infotech, Inc. has just completed an analysis of personnel costs and believes that the cost associated with training new personnel is too high. She attributes this high cost to the increasing rate at which employees are being hired to replace defections to Infotech's competitors. ? ? ? ________ 2. Paul the programmer has modified the accounts receivable statement program so that the receivables from his cousin Peter will be eliminated from the accounts receivable master file upon printing of the monthly statements. Paul made these changes to the program while he was operating the computer on a Saturday morning. ? ? ? ________ 3. When the hurricane hit the coast, Soggy Records Company lost the use of its flooded computer room. In such cases, plans called for using an alternate computer center 100 miles inland. However, Soggy was unable to operate in the alternate facility because the company's programs and files were lost in the flooded computer facility. ? ? ? ________ 4. All the files were lost at the Stoughton Company when a visitor sat down at a computer terminal, signed on using one of the passwords posted on the computer terminals, and erased some of the data files. ? ? ? ________ 5. Sally is the inventory control/warehouse clerk at Techtron Inc. She has been stealing secret computer components from the warehouse, selling them to foreign agents, and covering up her thefts by altering the inventory records. ? ? ? ________ 6. At Maralee Company, there seems to be a lack of progression from lower to middle management. Edward, the director of personnel, believes that the people being hired have great potential, but they are just not realizing their potential. ? ? ? ________ 7. Roger, the night-shift computer operator, has had occasion several times in the last month to call his supervisor to receive assistance over the telephone to correct a problem that he was having in operating the computer. ? ? ? ________ 8. Mary had become quite unhappy with her job at Funk, Inc. She knew that she was going to quit soon and decided to destroy some computer files. Using her own username and password, she found several disk packs on a table outside the computer room and proceeded to "erase" the data with a powerful magnet. After Mary's departure, Funk spent several months reconstructing the data that had been on the lost files. ? ? ? ________ 9. One of the inventory control programs at Excess Company has been ordering more inventory than is required, causing an overstock condition on many items. During an investigation of the problem, it was discovered that the inventory ordering program had recently been changed. The changes were approved, but the new program was never tested. ? ? ? ________ 10. Sydney, the computer operator, did not want to go to work one day because he wanted to go sailing. He gave his ID card to his cousin Vinny who went to work for him. Even though he was a computer operator, Vinny did not know how to operate this computer. He made mistakes and destroyed some data. Fill in the blank(s) with the appropriate word(s).