The Most Important Element of Any Preventive Control Is

question 75

Multiple Choice

The most important element of any preventive control is

• A)the people.
• B)the performance.
• C)the procedure(s).
• D)the penalty.

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Definitions:

Finance Charge

The total cost, including interest and other fees, associated with borrowing money or extending credit.

Previous Balance

The amount of money owed or available in an account before the latest transactions.

Cycle Closing

The process of concluding a billing or operational period at the end of a cycle.

Simple Interest

The fundamental interest calculation.