An Ideal Control Is

question 44

Multiple Choice

An ideal control is:

• A)A control procedure that reduces to practically zero the risk of an error or an irregularity taking place and not being detected
• B)A control procedure that is anticipated to have the lowest possible cost in relation to its benefits
• C)A control procedure that should always be implemented into a company's system due to the efficiency and effectiveness that will result from its implementation
• D)A control procedure that is always cost effective

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Definitions:

Shortage

A situation in which the demand for a product or service exceeds its supply in a market.

Units

Units refer to the individual, standardized quantities of a product or measurement used for counting, assessment, or comparison.

Government Program

A plan or project undertaken by a government to provide public services, address social issues, or achieve economic objectives.

Subsidy

A grant or financial assistance provided by the government or an organization to support a business, market, or economic sector.