Control Procedures That Are Designed to Remedy Problems Discovered Through

question 2

Multiple Choice

Control procedures that are designed to remedy problems discovered through detective controls are called:

• A)Corrective controls
• B)Preventive controls
• C)Before-the-fact controls
• D)Management-by-exception controls

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Definitions:

Socially Responsible Fund

An investment fund that seeks to generate financial returns while also considering social and environmental criteria.

Pension Fund Manager

A professional who oversees the investment strategy and operations of a pension fund, aiming to ensure the financial stability and growth of the fund to meet future liabilities.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to replicate the performance of a specific market index.

Whole-Life Insurance

A type of permanent life insurance policy that offers a death benefit alongside a savings account component, covering the insured for their entire life.