Detective Controls Are ________

question 99

Multiple Choice

Detective controls are ________.

• A)designed to monitor business risks
• B)designed to identify when an error or irregularity has occurred
• C)designed to stop a problem before it starts
• D)directed at recovering from an error

Interpret the effects of opportunity costs on business decisions.

Understand the theory of constraints and its application in managing production bottlenecks.

Analyze the profitability of products or services given constraints.

Apply markup calculations in determining selling prices based on various costing approaches.

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Definitions:

U.S. Government Bond

A debt security issued by the United States government to support government spending.

Municipal Bond

A bond issued by a local government or territory, or one of their agencies. It is generally used to finance public projects such as roads, schools, airports, and infrastructure-related repairs.

Treasury Bill

A treasury bill is a short-term government security issued at a discount from the face value and pays no interest, but is redeemed at its full face value at maturity.

Treasury Bond

A Treasury bond is a long-term, fixed interest rate debt security issued by the U.S. government with a maturity of more than 10 years.