Consider the Following Short Case as You Respond to the Question

question 66

Multiple Choice

Consider the following short case as you respond to the question: Robert is the president and CEO of Computer Solutions; the firm's main activity is installing enterprise resource planning software.When a client calls Robert, he does an "intake interview" where he assesses the client's needs and learns about their company.Robert tries to interview at least a dozen people at each client, including top management and mid- and lower-level employees.What should Robert do immediately after he completes the interviews?

• A)Determine the client's risk exposures and design appropriate internal controls.
• B)Recommend the client purchase a specific ERP software package.
• C)Start creating transaction, master and junction files on the client's network.
• D)Test the current system.

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Definitions:

Investing

Dispensing money with the anticipation of making an income or profit.

Interest Rate

The percentage charged on borrowed money or paid on invested capital, reflecting the cost of borrowing or the reward for investing.

Investing

The act of allocating resources, typically money, with the expectation of generating an income or profit.

Interest Rate

The amount charged by lenders to borrowers for the use of assets, expressed as a percentage of the principal, the rate can influence inflation and economic activity.