Which Type of Audit Analytics Might Be Used to Summarize

question 40

Multiple Choice

Which type of audit analytics might be used to summarize activity or master data based on certain attributes?

• A) Prescriptive analytics
• B) Predictive analytics
• C) Diagnostic analytics
• D) Descriptive analytics

Learn the significance of consumer spending and its effects on the economy.

Understand the concepts of risk, including liquidity, inflation, and interest rate risks, in financial planning.

Recognize the importance of time value of money in financial planning.

Identify and develop personal financial goals and understand the financial planning process.

---

Definitions:

Traditional Media

Forms of mass communication existing before the advent of digital media, including newspapers, magazines, TV, and radio broadcasting.

Global Brand

A brand that is recognized and has a consistent presence across multiple countries worldwide, known for delivering universally appealing products or services.

Manufacturer-owned Brands

These are brands that are owned and managed by the manufacturers themselves, allowing for direct control over product quality and marketing strategies.

Brand Positioning

The strategy of creating a unique impression in the customer's mind so that the customer associates something specific and desirable with your brand that is distinct from rest of the marketplace.