Which of the Following Task Is Not Performed by Generalized

question 46

Multiple Choice

Which of the following task is not performed by generalized audit software?

• A) Footing a file.
• B) Obtaining file statistics.
• C) Checking for gaps in processing sequences.
• D) Preparing custom reports.
• E) All of the above tasks can be performed using GAS.

---

Definitions:

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Elastic Demand

A condition where the quantity demanded of a product changes significantly in response to changes in its price.

Expenditures Decline

A situation where the amount of money spent by individuals or entities decreases over a period of time.

Elastic Demand

A scenario where the quantity demanded of a product is highly sensitive to changes in its price.