Question

The information process control goal which relates to preventing fictitious events from being recorded is termed:

a. ensure input validity
b. ensure input accuracy
c. ensure input completeness
d. ensure effectiveness of operations

Answer 1

Correct option would be A Ensuring input validity refers to verifying that the data entered into a system is accurate, relevant, and conforms to the defined criteria or rules. This validation helps prevent fictitious or incorrect events from being recorded in the system by ensuring that only legitimate and appropriate data is accepted and processed.

Answer 2

The information process control goal focused on preventing the entry of fabricated data is termed ensure input validity, which is essential for maintaining data integrity and accurate financial reporting. Methods to reduce the risk of imperfect information include validation rules, authorization procedures, and verification processes. Imperfect information can negatively affect price, quantity, and quality, impacting a business's reputation and finances.

Step-by-step explanation:

The information process control goal which relates to preventing fictitious events from being recorded is termed ensure input validity. Ensuring input validity is crucial in the context of information systems as it helps maintain the integrity of data. By preventing the entry of fabricated or false data, a business can maintain accurate records, which is essential for reliable financial reporting and decision making. To reduce the risk of imperfect information, various controls such as data entry validation rules, authorization procedures, and data verification processes can be implemented.

Imperfect information can have significant impacts on a business, affecting things like price, quantity, and quality. If the information is inaccurate or incomplete, it may lead to incorrect pricing of products or services, purchasing incorrect quantities of inventory, or a reduction in the perceived quality of offerings, potentially harming the business's reputation and financial standing.