Which of the Following Statements Is Correct Regarding the Use

question 145

Multiple Choice

Which of the following statements is correct regarding the use of a program evaluation and review technique (PERT) model? • It makes use of a probability model to arrive at a realistic estimate of time necessary for completion of the audit engagement. • It requires that activities are performed in sequence such that each task is completed before the commencement of the next activity. • It remains fixed once completed to act as a baseline for measuring the performance of the audit staff following completion of the engagement. • It begins with the auditor-in-charge identifying the overall scope and then breaking down the audit engagement into identifiable activity units.

• A) 1 and 3 only
• B) 1 and 4 only
• C) 2 and 3 only
• D) 2 and 4 only

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Definitions:

Affirmative Action Program

A policy or a set of measures aimed at increasing the opportunities for historically underrepresented groups in areas such as education, employment, and business.

Emotional Intelligence

The capacity to identify, comprehend, and control one’s own feelings as well as the feelings of other people.

Technical Skill

The ability and knowledge to perform specific tasks related to a particular field of work, often involving specialized techniques or equipment.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.