The Accountant Called the Bank After Noticing That a $200

question 143

Multiple Choice

The accountant called the bank after noticing that a $200 deposit made on July 21 did not appear on the July 31 bank statement.This call is an example of a ________.

• A)business control
• B)detective control
• C)corrective control
• D)preventive control

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Definitions:

Wage Increase

The rise in the hourly, daily, or monthly pay rate for workers, often sought after by employees and unions.

Employment in Steel Industry

Refers to the workforce engaged in the production and processing of steel, an important sector for many economies.

Elastic Demand

A situation where the quantity demanded of a product changes significantly due to a change in its price.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.