Internal Fraud Prevention and Detection Measures Are Based on __________

question 1

Multiple Choice

Internal fraud prevention and detection measures are based on __________ and __________.

• A)a detailed recovery plan;containment,including a fault-tolerant system
• B)perimeter defense technologies,such as e-mail scanners;human resource procedures,such as recruitment screening
• C)general controls;application controls
• D)physical controls,including authorization;authentication systems

---

Definitions:

Optimal Prices

The price point that maximizes a firm's profits or achieves the best balance between sales volume and profit margins.

Economies of Scale

The financial benefits that companies gain as a result of their size, production volume, or operational scope, where the cost for each unit of production typically falls as the scale expands.

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different groups of consumers for the same product, based on elasticity of demand.

Monopoly Power

The ability of a single seller to set prices and control the market for a good or service without significant competition.