35. Which of the following is one of the advantages of maintaining a legacy system?

A. The system often supports unique business processes not inherent in generic accounting software.

B. The system is complicated and takes time to learn and understand

C. The system focuses on source documents, journals, and ledgers.

D. The system is cheap to maintain.

42. A process, effected by an entitys board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives related to the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations is:

A. COSOs definition of internal control

B. AICPAs definition of stewardship

C. ACFEs definition of confidentiality

D. IMAs definition of competency

45. All of the following are reasons why it is not possible to eliminate all fraud risks, except

A. Human Error

B. Human Behavior

C. Opportunity

D. May not be cost effective

47. What is the main difference between e-business and e-commerce?

A. E-business is the intercompany, computer-to-computer transfer of business documents, whereas e-commerce is the non-intercompany, computer-to-computer transfer of business documents

B. An e-business is an online storefront, whereas e-commerce consists of the transactions that occur through the online storefront

C. E-business refers to all forms of electronic business transactions and processing, whereas e-commerce is a type of e-business specific to online buying and selling

D. There is no difference between the two terms and they are used interchangeably