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vagabundo [1.1K]
3 years ago
7

An audit client is creating a​ Web-based sales ordering system for customers to purchase products using personal credit cards fo

r payment. Identify three risks related to an online sales system that management should consider. For each​ risk, identify an internal control that could be implemented to reduce that risk.
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer and Explanation:

The three risks related to an online sales system that management should consider are:

1.Customer data is susceptible to interception by an unauthorized third parties because this authorized third parties can use any form of internet trick to gain access to customer data.

2.The client company’s data, programs, and hardware are as well susceptible to potential interception by external or third parties.

3.An unauthorized third party may attempt and try to transact business with the client company without the company knowing.

Therefore these risks can be addressed by the use of firewalls, encryption techniques, and digital signatures.

A firewall can be defined as a system of hardware and software that help to monitors and controls the flow of e-commerce communications by making sure that all network connections are been channel through a control gateway.

Encryption techniques are techniques which are based on computer programs that help to transform a standard message into a coded (encrypted) form in which one key which is the public key is used for encoding the message and the other key which is the private key is used to decode the message which enables

the Encryption to protect the security of electronic communication during the transmission process.

Digital signatures help to enhance internal controls over the online sales order system by authenticating the validity of all customers and other trading partners who conduct business with the client company on a daily basis.

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What is teaching? name the manpower related to the teaching sector. <br><br>​
mr Goodwill [35]

Answer:

See below

Explanation:

<u></u>

<u>1. Teaching</u>

Teaching is a deliberate process of sharing knowledge and information in an organized manner and within a discipline. To teach is to provide experiences that stimulate the psychological and intellectual growth of a person.  It involves the more knowledgeable instructor, issuing guidance and instructions to another person who seeks to acquire knowledge.

Teaching takes place in schools and the out-of-school environment.

<u>2. The manpower related to teaching include,</u>

  1. The teacher: Also known as a tutor, instructor, or lecturer.
  2.  Education Administrators: Made-up of heads of leaning institutions,    education supervisors and the top management of education in a country.
  3.  Support staff in educational institutions.
  4.  Teacher trainers,
8 0
3 years ago
Executive stock options: Multiple Choice allow the holder the option to buy shares at a specified exercise price during a specif
ss7ja [257]

Answer:

allow the holder the option to buy shares at a specified exercise price during a specified period of time.

Explanation:

A primary market refers to the market where these securities that are being sold are issued or created

On the other hand, the secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

Executive stock options (ESOs) can be defined as an equity compensation contract that are granted to the employees and executives of a company, giving them to right to buy a specific amount of shares from the company's stock at a particular price for a specificied period of time.

Basically, ESO allows the holder the option to buy shares from the company's stock at a specified exercise price or strike price for a specific period of time.

The main purpose of an ESO is to serve as an incentive to make the beneficiaries or holders improve the financial performance of a company while closely aligning their interests with those of the shareholders of the same company.

5 0
3 years ago
What would marginal analysis put an emphasis on?
DIA [1.3K]
The answer to this question is: <span>additional costs and benefits.
</span><span> is an examination of the additional benefits that received from doing an activity compared to the cost that must be incurred in order to do that activity.
</span>This analysis will help companies to determine what operations that they should maintain in the future in order to keep the profit margin of the company.
5 0
3 years ago
The Cromwell Company sold equipment for $35,000. The equipment, which originally cost $120,000 and had an estimated useful life
Alla [95]

Answer:

B

Explanation:

Original Cost -$120,000

Useful life -10 years

Residual Value - $20000

Annual depreciation - $(120,000-20000)/10 = $10,000

Accumulated depreciation for 4 years = 10*4= $40000

Book value at disposal = $120,000-$40000= $80000

Sales value = $35,000

Loss on disposal = $80,000-$35000= $45,000

5 0
3 years ago
What should an adjustment letter focus on?a. Explaining the resolution to the problem b. Preventing a recurrence of the problem
ivanzaharov [21]

Answer:

The correct answers are letters "A", "B", and "C":  Explaining the resolution to the problem; Preventing a recurrence of the problem; Communicating compliance.

Explanation:

Adjustment letters are communications with legal nature from companies to customers who filed a claim. The main purpose of the letter is to politely <em>inform the client that the claim was received, what steps were taken to analyze the situation, what is the final resolution after the study </em>and <em>what will be done as a result</em>. The ultimate goal of the adjustment letter is to <em>keep a good relationship with the customer so they can continue doing business</em>.

8 0
3 years ago
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