The Control Risk Associated with Manual Reviews of Computer Logs

question 4

Multiple Choice

The control risk associated with manual reviews of computer logs is:

• A)High
• B)Medium
• C)Low
• D)Negligible

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Definitions:

Inflation Rate

Measures the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Nominal Interest Rate

The rate of interest before adjustments for inflation, as quoted by banks and financial institutions.

Real Interest Rate

An interest rate fine-tuned for inflation effects, illustrating the actual charge of borrowing or the factual yield from savings deposits.

Inflation Rate

The rate of climb in the general price structure for goods and services, slashing the potency of purchasing.