Which Type of Audit Deals with Whether Resources Are Being

question 16

Multiple Choice

Which type of audit deals with whether resources are being used efficiently and whether results or objectives are being achieved?

• A) Single audit
• B) Preaudit
• C) Financial audit
• D) Performance audit

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Definitions:

Financial Markets

Platforms or systems where parties engage in the exchange of financial instruments such as stocks, bonds, currencies, and derivatives.

Bell Curve

A graphical representation of a normal distribution, showing how the likelihood of variables is highest near the mean and decreases symmetrically in both directions.

Frequency Distribution

A statistical analysis showing how often various values occur within a data set, often displayed in a table or graph.

Variance

A statistical measure that represents the spread or dispersion of a set of data points or investment returns from their mean.