Acty 3130 exam 1 - Study guides, Class notes & Summaries

risk transfer correct answersA risk response that involves shifting a risk to a third party. In other words, a third party assumes the liabilities for the risk. Most often, this is done through a contract, such as an insurance policy. Transaction-based AIS correct answersA traditional information system that captures only accounting business events and ignores nonfinancial data and the relationships between business events and business processes. Information event correct answersA business...