Governmental economy and Efficiency Audits include Determining All of the Following

question 50

Multiple Choice

Governmental economy and efficiency audits include determining all of the following except:

• A) whether the entity is acquiring, protecting and using its resources economically and efficiently.
• B) the causes of inefficiencies.
• C) whether the entity has complied with laws and regulations concerning matters of economy and efficiency.
• D) the effectiveness of the organization's programs, activities, or functions.
• E) the causes of uneconomical practices.

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Definitions:

Relative Value Strategy

An investment strategy that seeks to identify price discrepancies between related financial instruments, such as between stocks and bonds or among different securities in the same sector.

S&P 500 Futures Contracts

Financial contracts that speculate on the future value of the S&P 500 index, allowing investors to bet on the direction of the U.S. stock market.

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates higher than market volatility.

Risk-Free Rate

The hypothetical return rate on an investment that carries no risk, commonly depicted through the yield of government bonds.