Which of the Following Is the Least Important Consideration for a Governmental

question 90

Multiple Choice

Which of the following is the least important consideration for a governmental auditor who needs to be objective when auditing and reporting on an agency's achievement of program goals?

• A) Measure the actual output results of agency activities.
• B) Compare the agency's actual output results to quantitative goal standards.
• C) Perform a comprehensive review of management controls.
• D) Determine quantitative standards that describe goals the agency was supposed to achieve.

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Definitions:

Profit

The profit earned when the revenue obtained from a business operation surpasses the expenses, costs, and taxes required to maintain that operation.

Loss

A financial condition that occurs when expenses exceed revenues, implying a negative profit.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Monopolists

Firms or individuals who are the sole providers of a particular good or service, possessing significant control over market price.