What Group or Groups of Application Controls Are Widely Recognized

question 40

Multiple Choice

What group or groups of application controls are widely recognized?

• A)Input, timing, and service controls
• B)Timing, service, and processing controls
• C)Processing, output, and service controls
• D)Input, processing, and output controls

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Definitions:

Less-Developed Countries

Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Neo-Mercantilist

A modern economic policy that embraces government intervention to increase exports, discourage imports, and accumulate foreign currency reserves, inspired by mercantilism.

Protectionist Actions

Actions taken by a country to protect domestic industry

Trade Surplus

The result when a country engaged in trade exports more than it imports, also called positive trade balance.