Describe the reasons organizations have not adequately protected data

Indicate whether the statement is true or false.

Answer: The reasons organizations have not adequately protected data include: (1) Some companies view the loss of crucial information as a distant, unlikely threat. (2) The control implications of moving from centralized computer systems to Internet-based systems are not fully understood. (3) Many companies do not realize that information is a strategic resource and that protecting it must be a strategic requirement. For example, one company lost millions of dollars because it did not protect data transmissions. A competitor tapped into its phone lines and obtained faxes of new product designs. (4) Productivity and cost pressures motivate management to forgo time-consuming control measures.

Business

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People from cultures that promote an ascriptive view of success believe that status is achieved primarily through personal achievements

a. True b. False

Business

A Proprietary Fund statement of cash flows reports cash flows from operating activities

A. Using the direct method. B. Using the indirect method. C. Equal to net income plus depreciation and plus/minus changes in appropriate current asset and current liability accounts. D. Using either the direct or the indirect method of presentation.

Business