________ Controls Prevent,detect and Correct Transaction Errors and Fraud

question 78

Multiple Choice

________ controls prevent,detect and correct transaction errors and fraud.

• A) Application
• B) Detective
• C) General
• D) Preventive

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Definitions:

Risk Free

An investment with a certain return, with no possibility of financial loss.

Utility of Wealth

The satisfaction or benefit derived by an individual from accumulating wealth.

Hurricane

A powerful tropical cyclone with heavy rain and winds exceeding 74 miles per hour, typically in the Atlantic Ocean region.

Expected Utility

The anticipated satisfaction or benefit derived from a risky decision or choice, calculated by considering all possible outcomes.