Which of the Following Is an Advantage of Generalized Audit

question 40

Multiple Choice

Which of the following is an advantage of generalized audit software?

• A) It facilitates alteration of data.
• B) It costs the same as basic programs and is more efficient.
• C) It can directly access and analyze data inside the database.
• D) It does not require extensive training to use it effectively.

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Definitions:

Demand for Money

The desire or need by individuals and businesses to hold liquid assets, primarily currency and demand deposits, for transactional, precautionary, and speculative purposes.

Nominal GDP

Nominal Gross Domestic Product refers to the market value of all final goods and services produced within a country in a given period, measured in current market prices.

Expansionary Monetary Policy

A monetary policy strategy used by central banks to increase the money supply to stimulate economic growth, typically by lowering interest rates.

Aggregate Expenditure

The total spending on final goods and services in an economy over a specific time period, including consumption, investment, government purchases, and net exports.