Which Type of Control Prevents,detects,and Corrects Transaction Errors and Fraud

question 15

Multiple Choice

Which type of control prevents,detects,and corrects transaction errors and fraud?

• A)general
• B)application
• C)detective
• D)preventive

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Definitions:

Marginal Cost

The rise in aggregate expenditure resulting from the production of one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Senior Discount

A reduction in the price of goods, services, or commodities offered to elderly individuals, typically those who are 65 or older.

Indirect Price Discrimination

A pricing strategy where the price variance does not directly relate to cost differences but is based on different consumer groups' ability or willingness to pay.