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Preventive Controls Require Two Related Functions,which Are

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Preventive controls require two related functions,which are:


Definitions:

Present Promise

A vow or commitment to take action or uphold terms at the current time.

Moral Obligation

A duty or responsibility that is perceived as ethically required, even though it is not legally enforceable.

Requirements Contract

A contractual agreement in which one party agrees to supply as much of a product or service as the other party needs during a specified period.

Particular Commodity

Refers specifically to a unique or specified commodity traded on commodity markets, such as gold, oil, or wheat.

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