Indicate Whether Each Procedure Is a Preventive or Detective Control $\quad$

question 45

Short Answer

Indicate whether each procedure is a preventive or detective control.
a. authorizing a credit sale $\quad$ $\quad$ Preventive $\quad$ $\quad$ Detective
b. preparing a bank reconciliation $\quad$ Preventive $\quad$ Detective
c. locking the warehouse $\quad$ $\quad$ $\quad$ Preventive $\quad$ Detective
d. preparing a trial balance $\quad$ $\quad$ $\quad$ Preventive $\quad$ Detective
e. counting inventory $\quad$ $\quad$ $\quad$ $\quad$ Preventive $\quad$ Detective

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Definitions:

Approaches

Methods or techniques used to tackle problems, tasks, or create new strategies in various fields.

80/20 Rule

A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, often used in business and economics to focus efforts on most productive inputs.

Marketing Synergies

The combined effect of different marketing activities that together enhance the overall marketing impact.

Product Synergies

The enhanced value created when two or more products or services are combined, offering greater benefits or utility than when used separately.