An Example of a Preventive Control Is

question 74

Multiple Choice

An example of a preventive control is

• A) the use of a bank account
• B) separation of the Purchasing Department and Accounting Department personnel
• C) bonding employees who handle cash
• D) accepting payment in currency only

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Definitions:

Marketing Strategy

An organization's strategy that combines all of its marketing goals into one comprehensive plan, leveraging its resources to provide a competitive edge.

Diversified

The quality of having a wide variety or range of different things or activities.

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture.

Strengths

Positive attributes of an organization. These are internal resources and capabilities that support a company to achieve its mission, goals, and competitive advantage.