Preventive Controls Are Generally More Cost-Efficient Than Detective Controls

question 56

True/False

Preventive controls are generally more cost-efficient than detective controls.

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Definitions:

Market Value

The price at which an asset would trade in a competitive auction setting.

Interest Rate

The cost of borrowing money or the return on investment, usually expressed as a percentage.

Pure Interest Yield

The portion of a loan's interest rate that solely reflects the cost of borrowing money, excluding any other charges or fees.

Purchasing Power

The ability of an entity, such as a person or a firm, to buy goods or services, typically measured by the amount of goods or services that one unit of currency can buy.