Please explain in detail how you arrived at the correct answers. Thank you.

1. The revenue cycle considers the possibility that

A) cash will always be collected.

B) cash may be misapplied to the wrong account, even when customers pay.

C) employees are always trustworthy.

D) cash is usually immaterial to the financials.

2..As long as detection time and response time exceed _______________, IT systems are considered secure.

A) lag time.

B) time for penetration of the system.

C) value-added time.

D) none of these.