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1.What Is the Purpose of General Controls

question 13

Essay

1.What is the purpose of general controls?
2.Why are general controls important to the auditor?
3.What is the purpose of application controls?


Definitions:

Product Usefulness

The degree to which a consumer believes a product will be able to satisfy their needs, goals, and desires through its features and performance.

Consumer Spending

The total expenditure by households and individuals on goods and services within a specific time period.

Marginal Utility

The additional satisfaction or benefit (utility) gained from consuming one more unit of a good or service.

DVD Players

Electronic devices that play discs produced under both the DVD-Video and DVD-Audio technical standards, used for video and audio playback.

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