Internal control objectives remain essentially the same although technology, risks, and control methods change. Thus, many concepts of control (management's responsibility, the role of the control environment, reasonable assurance, monitoring, and cost-benefit analysis) are relevant regardless of IT changes.
<h3>What is
technology?</h3>
- The use of skills, methods, and processes utilized in industrial production and scientific study combined with collected knowledge to create technology.
- All equipment and electronic devices operate using technology, whether or not the user is fully aware of how they work for the organization's goals.
- Systems make up the technologies used in modern life.
<h3>Why is technology so important in today's world?</h3>
- Information sharing, meal preparation, clothing cleaning, and transportation are all things we do with the help of technology.
- However, even commonplace technologies like door locks, floor tiles, and furniture are things we now take for granted and that we consider to be less spectacular than 3D printing or self-driving automobiles.
Learn more about technology here:
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Answer:
C. Deductible.
Explanation:
Variable universal life insurance is insurance that provides permanent insurance coverage as whole life does; however the policyholder, not the insurance company, takes on the investment risk.
A Variable universal life insurance is a type of permanent life insurance policy which avails the holder the opportunity of investing the cash component of the plan (policy) for a much greater returns and as such the investment risk associated with the policy lies completely on the policy holder and not the insurance company.
Additionally, a group life insurance policy can be defined as a single contract plan that covers a group of people by providing life insurance coverage. An employer may opt for a group life insurance policy which would cover the lives of his or her employees.
Deductible is the term used to describe the dollar amount of a physical damage claim paid by the policyholder.
Answer:
The answer is C.
Explanation:
Class rank is a measure of how a student's performance compares to other students in his or her class. It is commonly also expressed as a percentile.
<span>This is not a question that can really be answered with a specific number. The answer will vary from person to person and it would be best to consult a medical professional to get a solid answer for your individual situation. Some people would benefit by weight loss, others might just need to adjust their habits in order to improve their abilities and quality of life. Generally speaking, weight loss will not matter as much as eating healthy and getting regular exercise. Both of these will have an impact on quality of life.</span>
Answer:
Over/under allocation= $30,000 overapplied
Explanation:
Giving the following information:
Manufacturing overhead applied $150,000
The actual amount of manufacturing overhead costs 120,000
To calculate the ending balance, we need to determine whether the overhead was under or over applied:
Over/under allocation= real MOH - allocated MOH
Over/under allocation= 120,000 - 150,000= 30,000 overapplied
