Which Control Would Be Most Appropriate to Address the Problem

question 64

Multiple Choice

Which control would be most appropriate to address the problem of inaccurate payroll processing?

• A) encryption
• B) direct deposit
• C) cross-footing of the payroll register
• D) an imprest payroll checking account

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Definitions:

Convex Preferences

A set of consumer preferences that exhibit a specific property where mixtures of goods are preferred over singular extremes, displaying a curve outward towards the origin on a utility graph.

Weakly Convex

Describes a curve or set in geometry and mathematical functions that bulges outward less sharply than a perfectly convex shape, often applied in optimization problems.

Convex Preferences

A representation in economics of a consumer preference structure where a mix or combination of two goods is preferred over either of the two goods alone, indicating a desire for diversification.

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showing the same level of satisfaction or utility for each point on the curve.