The Existence of IT-Based Business Processes Often Result in Details

question 64

Multiple Choice

The existence of IT-based business processes often result in details of transactions being entered directly into the computer system, results in a lack of physical evidence to visibly view.This situation is referred to as:

• A)Physical evidence risk
• B)Loss of audit trail visibility
• C)Transaction summary chart
• D)Lack of evidence view

Describe the concept of deadweight loss and its causes.

Examine the future projections of taxes and government spending as a percentage of GDP in the U.S.

Evaluate the advantages and disadvantages of different tax systems including lump-sum tax.

Identify the most efficient tax structures and explain the reasoning behind them.

---

Definitions:

Bid

An acronym in medical prescribing that stands for "bis in die" which means "twice a day".

Tid

An acronym in medical prescriptions standing for "ter in die," which means three times a day.

Prn

An abbreviation for "pro re nata," a Latin phrase meaning “as the situation demands” used in healthcare to instruct that medication should be taken as needed.

Sig

A term used in prescriptions, derived from "Signa," indicating the dose, frequency, and manner of taking a medication.