Which of the Following Is a Disadvantage of Generalized Audit

question 48

Multiple Choice

Which of the following is a disadvantage of generalized audit software?

• A) It cannot be customized for specific tasks.
• B) It requires data to be converted to a format that can be processed by it.
• C) It does support the creation of an audit trail or log.
• D) It requires extensive training to use it effectively.

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Definitions:

Marginal Rate

The additional cost or benefit associated with a one-unit increase in activity, often used in the context of taxation or production.

Substitution

The process of replacing one item with another due to changes in price, preference, or functionality.

Satisfaction

The feeling of pleasure or contentment that comes from fulfilling a desire, expectation, or need, or achieving a goal.

Marginal Rate

The rate at which one additional unit of something affects an outcome, often used in the context of taxes or production.