Some controls are provided automatically by the system and cannot be by-passed, ignored oroverridden: for example, having
to input a password to enter a computer system. These are classified as controls.Which term correctly completes this
statement?
Rationale: Non-discretionary controls are as described: as opposed to discretionary controlswhich are subject to human
choice. 'Mandated' is a similar idea, but mandated controls are required by law and imposed by external authorities (as
opposed to voluntary controls, chosen by the organisation). Detect controls are controls designed to detect errors once they
have happened. Administrative controls are to do with reporting responsibilities, communication channels and other means of implementing policies.Pitfalls: There is so much terminology in this area: fertile ground for exam questions. Be able to use
distinctions within classifications (as in 'discretionary and non-discretionary', or 'prevent, detect, control') as well as across
classifications, as in this question.
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?
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