Calgary Chemicals Plans to Utilize Its Computers to Provide Continuous

question 69

Multiple Choice

Calgary Chemicals plans to utilize its computers to provide continuous auditing of their financial statements.One obvious benefit of this technology would be:

• A)less scrutiny from agencies such as Revenue Canada.
• B)to shift financial decision making from human beings to programmed technology.
• C)early detection of financial problems.
• D)a reduction in the number of accountants required by the firm.

---

Definitions:

Feasible Region

The set of all possible points that satisfy the constraints of an optimization problem, representing viable solution spaces.

Minimization Problem

A type of optimization problem where the objective is to find the minimum value of a function subject to certain constraints.

Objective Function

A mathematical expression representing the goal of an optimization problem, typically to maximize or minimize certain values.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.