Where Computer Processing Is Used in Significant Accounting Applications, Internal

question 71

Multiple Choice

Where computer processing is used in significant accounting applications, internal control activities may be defined by classifying control activities into two types: general and

• A)Administrative.
• B)Specific.
• C)Application.
• D)Authorization.

---

Definitions:

Wave Cycles

A theory or model suggesting that financial markets follow predictable, wave-like patterns of growth and decline over time.

Technical Analysis

The study of past market data, including price and volume, to forecast future market behavior.

Trends

The general direction in which something is developing or changing, often used in the context of financial markets to describe price movements.

Patterns

In finance, patterns refer to recognizable formations on the charts of financial instruments that traders use to predict future movements.