Which of the Following Statements Regarding the Black-Box Approach for Systems

question 8

Short Answer

Which of the following statements regarding the black-box approach for systems auditing is correct?
A. The auditors need to gain detailed knowledge of the systems' internal logic
B. The black-box approach could be adequate when automated systems applications are complicated
C. The auditors first calculate expected results from the transactions entered into the system. Then, the auditors compare these calculations to the processing or output results.
D. All of the above are correct

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Definitions:

Innovation

The process of translating an idea or invention into a good or service that creates value and for which customers will pay.

Oligopolists

Firms or entities that dominate an industry or market in an oligopoly, where a small number of companies have significant market power and influence over prices and output.

R&D

Research and development; activities undertaken by companies or governments to innovate and introduce new products or services.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business, potentially including high startup costs, stringent regulations, or strong brand loyalty among consumers.