These Are Focuses on the System Itself

question 5

Multiple Choice

These are focuses on the system itself.

• A) Cloud computing
• B) Fraud audits
• C) Substantive tests
• D) Tests of controls

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Definitions:

Sub-Optimal Outcomes

Results or situations that are less efficient or desirable than the best possible scenario.

Equilibrium

A condition where the supply and demand in the market are equal, leading to stable pricing.

Tit-For-Tat Strategy

A cooperative and retaliatory strategy in game theory where a player replicates an opponent's previous action.

Repeated Game

A strategic situation where the same game is played several times, allowing for strategy development based on previous outcomes.