All of the Following Concepts Are Associated with the Black

question 33

Multiple Choice

All of the following concepts are associated with the black box approach to auditing computer applications except

• A)the application need not be removed from service and tested directly
• B)auditors do not rely on a detailed knowledge of the application's internal logic
• C)the auditor reconciles previously produced output results with production input transactions
• D)this approach is used for complex transactions that receive input from many sources

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Definitions:

Industry

The production of goods or services within an economy that is characterized by a specific focus, such as technology, finance, or manufacturing.

Firm(s)

Organizations involved in the production and distribution of goods or services to consumers in a market.

Price-Fixing

A practice where businesses agree on the price levels of their products or services, rather than letting competition in the market determine them, often deemed illegal.

Market-Sharing Agreements

Arrangements between companies to divide markets or customers to avoid competition.