General Controls Over IT Systems Are Typically Tested Using

question 42

Multiple Choice

General controls over IT systems are typically tested using:

• A)Generalized audit software.
• B)Observation,inspection,and inquiry.
• C)Program analysis techniques.
• D)Test data.

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Definitions:

Premium Item

A premium item is a product or service offered at a higher quality and price point, often perceived as being of higher value than standard offerings.

Price-insensitive Product

Products for which demand remains relatively constant regardless of changes in price, often due to unique attributes or lack of substitutes.

Product-line Pricing

A marketing strategy where a company sets different price points for various products in the same product line based on features, materials, or other value points to target different consumer segments.

Product-line Pricing

A marketing strategy that involves setting different prices for various items in a product line based on their features, costs, or market demand.