Two Qualities of an Effective Control System Are

question 23

Multiple Choice

Two qualities of an effective control system are

• A) flexibility and corrective action
• B) evaluation and standards
• C) quality of employees' performance
• D) speed and quality

---

Definitions:

D Credit Rating

A rating indicating that an entity is in default, having failed to fulfill its credit obligations, the lowest possible rating in assessments of credit risk.

Credit Rating

A formal assessment of an entity's ability to repay its debts, often in the form of a letter grade.

Term Structure

The relationship between interest rates or yields and different maturities for debt securities, often depicted as a yield curve.

Interest Rates

The percentage charged on borrowed money, reflecting the cost of borrowing or the rate earned on investments.