An Important Type of Protective Measure for Safeguarding Assets and Records

question 30

Multiple Choice

An important type of protective measure for safeguarding assets and records is

• A)adequate segregation of duties among personnel.
• B)proper authorization of transactions.
• C)the use of physical precautions.
• D)adequate documentation.

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Definitions:

Disinflation

A decrease in the rate of inflation, resulting in a slow down in the rate at which prices are rising.

Deflation

is the decrease in the general price level of goods and services, often signifying an economic contraction.

CPI

A tool for examining the average prices consumers pay for a mix of services and goods, such as healthcare, transportation, and food, the Consumer Price Index calculates this using a weighted average approach.

Deflation

A decrease in the general price level of goods and services, often indicating an economic downturn.