53) Your company, an online discount stationers, has calculated that a loss of Internet
connectivity for 3 hours results in a potential loss of $2,000 to $3,000 and that there is a 50%
chance of this occurring each year. What is the annual expected loss from this exposure?
A) $500
B) $1,000
C) $1,250
D) $1,500
E) $2,500
54) Application controls
A) can be classified as input controls, processing controls, and output controls.
B) govern the design, security, and use of computer programs and the security of data files in
general throughout the organization.
C) apply to all computerized applications and consist of a combination of hardware, software,
and manual procedures that create an overall control environment.
D) include software controls, computer operations controls, and implementation controls.
E) monitor the use of system software and prevent unauthorized access to software and
programs.
55) ________ controls ensure that valuable business data files on either disk or tape are not
subject to unauthorized access, change, or destruction while they are in use or in storage.
A) Software
B) Administrative
C) Data security
D) Implementation
E) Input