Identify the Preventive Control Below

question 119

Multiple Choice

Identify the preventive control below.

• A)Reconciling the bank statement to the cash control account.
• B)Approving customer credit prior to approving a sales order.
• C)Maintaining frequent backup records to prevent loss of data.
• D)Counting inventory on hand and comparing counts to the perpetual inventory records.

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Definitions:

Categorical Grants

Federal funds provided to states and localities, earmarked for specific, narrowly defined purposes, usually with conditions attached.

Unfunded Mandates

Regulations or requirements imposed by higher levels of government without providing corresponding funds to cover the costs.

Block Grants

Funds provided by the federal government to state and local governments to support broad purposes with relatively few restrictions on how they are spent.

Cooperative Federalism

A concept of federalism in which national, state, and local governments interact cooperatively and collectively to solve common problems.