Which of the Following Computer Audit Tests Can Be Used

question 12

Multiple Choice

Which of the following computer audit tests can be used to detect purchasing and receiving schemes?

• A) Identifying dormant customer accounts for the past six months that show a sale in the last two months of the year
• B) Calculating the ratio of the largest sale to the next largest sale by customer
• C) Extracting all inventory coded as obsolete and possessing reorder points within the inventory system
• D) All of the above

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Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than just price, such as quality and marketing.

Bertrand Model

Oligopoly model in which firms produce a homogeneous good, each firm treats the price of its competitors as fixed, and all firms decide simultaneously what price to charge.

Duopolists

Firms or entities that operate in a duopoly, a market structure characterized by only two producers or sellers of a particular good or service.

Nash Model

A concept in game theory where each participant's strategy is optimal given the strategies of all other participants, leading to a situation of equilibrium.