For a Specific Internal Control to Be Effective, Both the Preventive

question 45

True/False

For a specific internal control to be effective, both the preventive and the detective aspect of the control must exist and be interrelated.

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Definitions:

Nonexcludable

A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.

Excludable

An excludable good is one from which it is possible to prevent people from benefiting unless they have paid for it.

Public Good

A good or service offered to every member of a society for free, provided by either the government or a private entity or group, without seeking profit.

National Defense

Governmental and military measures designed to protect a country from external aggression and threats.