One Type of Audit That Is Concerned with the Economical

question 24

Multiple Choice

One type of audit that is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives is known as a(n) ________ audit.

• A) financial
• B) information systems
• C) internal control
• D) operational or management

Understand the legal and financial aspects of incentive plans, including ESOPs.

Recognize the importance of employee understanding and participation in the success of incentive plans.

Understand the difference between statistical terms "nonsignificant" and "insignificant."

Learn how to apply and interpret results of t-tests in research.

---

Definitions:

Sureness

The state of being confident in one's abilities, decisions, or beliefs.

Certainty

The state of being sure or confident about something, often without any doubt.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, often involving discernment, analysis, logic, and reasoning.

Emergent Thinking

A mode of thinking that involves integrating different ideas and information to form novel insights or solutions.