Walk-Throughs Are System Tests That Involve

question 28

Multiple Choice

Walk-throughs are system tests that involve

• A)managers observing the operation of the system by "walking through" the IT department.
• B)processing hypothetical data that are designed to identify errors in the system.
• C)processing copies of real transactions in order to determine whether or not the system meets requirements.
• D)a thorough review of the procedures and program logic of the system.

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Definitions:

Underperformance

A return on an investment that is lower than the benchmark or expectations.

Direct-sold Funds

Direct-sold funds are mutual funds or similar investment vehicles that are offered directly to investors by the managing company, without the need for a financial advisor or broker.

Risk Premium

The extra return expected by an investor for holding a higher-risk investment over a risk-free asset.

Factor Portfolios

Investment portfolios constructed to have a high sensitivity to certain factors or characteristics expected to yield higher returns, such as size, value, or momentum.