Question: 1
''An element of information, from a transaction to an entire system, is appropriately entered, developed, changed, or used with proper authority.'' Which of the following element of integrity supports this statement?
Question: 2
''These are usually secured by mortgages, deeds of trust, land contracts, or other types of real
estate liens. Interest rates for residential mortgages loans may be fixed or variable. Repayments of principal may be set up for full amortization, negative amortization, or partial amortization with a balloon payment at a specified rate.'' What are these?
Question: 3
''A valid contract involves each party giving something of value. This exchange of value, or consideration, may take the form of money, action, or promise. For insurance contracts, the insured's consideration is the payment or premiums and a promise to fulfill the conditions of the contracts, and the insurer's consideration is the promise to pay after a loss occurs.'' This is related to an element in an insurance policy contract. It is known as:
Question: 4
When a bank charges off a loan as a loss, it reduces an account called the''_____________''
Question: 5
Hospitals document reserves as that portion of the accounts receivables that they hope to collect but have some doubt about its collectability. Rather than book these amounts as income, hospitals will ''____________'' These amounts until paid.
