Auditors of ERP Systems

question 51

Multiple Choice

Auditors of ERP systems

• A) need not worry about segregation of duties.
• B) may feel that the data warehouse is too clean and free from errors.
• C) find independent verification easy.
• D) need not worry about system access since the ERP determines it.

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Definitions:

Car Detailing

A service performed on a vehicle to restore its cleanliness and appearance, both inside and out, often including paint care, interior detailing, and wheel cleaning.

Marginal Product

The increase in output that results from a one-unit increase in the quantity of a single input, holding the quantities of all other inputs fixed.

Average Product

It is the output that is produced, on average, by each unit of input in the production process, like labor or machinery.

Production Function

A mathematical relationship that describes how inputs are transformed into outputs in the production process, illustrating the maximum output achievable from a given set of inputs.