Reviewing Computer Screens, Reports, and Business Forms for the Purpose

question 56

Multiple Choice

Reviewing computer screens, reports, and business forms for the purpose of gaining an understanding of data is indicative of the:

• A) investigative approach.
• B) business approach.
• C) bottom-up approach.
• D) top-down approach.
• E) conceptual approach.

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Definitions:

Premium

The amount paid for an insurance policy or the difference above the nominal or face value of a security.

Expected Value

The predicted value of a variable, calculated as a sum of all possible values each multiplied by the probability of its occurrence.

Insurance Policy

A contractual agreement between an individual or entity and an insurance company, outlining the terms for the insurer to compensate the insured for specific losses in exchange for premiums paid.

Premium

An amount paid in addition to a standard price, often for insurance, or a higher or more privileged level of service or product.