When Tests of Controls Reveal That Controls Are Operating as Anticipated,it

question 57

Multiple Choice

When tests of controls reveal that controls are operating as anticipated,it is most likely that the assessed level of control risk will:

• A)Be less than the preliminary assessed level of control risk.
• B)Equal the preliminary assessed level of control risk.
• C)Equal the actual control risk.
• D)Be less than the actual control risk.

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Definitions:

Beta Distribution

A family of continuous probability distributions defined on the interval [0, 1] used to model a variety of variables that are bounded on both sides.

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Expected Activity Times

The average durations that tasks or activities are anticipated to take, often used in project management and planning.

CPM Network

A project management tool that uses Critical Path Method (CPM) for planning, scheduling, and controlling complex projects by identifying critical and non-critical tasks.