A Control Whose Primary Purpose Is to Ensure Greater Input

question 24

Multiple Choice

A control whose primary purpose is to ensure greater input accuracy is:

• A) written approvals
• B) preformatted screens
• C) confirm input acceptance
• D) all of these ensure greater input accuracy

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Definitions:

Price

The amount of money required to purchase a good or service, often determined by supply and demand in the market.

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period of time.

Price

The expenditure needed to secure a product, service, or piece of property.

Price-discriminating Monopolist

A monopolist that sells the same product at different prices to different groups of consumers, usually to maximize profits by capturing consumer surplus.