Lucia Dottore, an Audit Senior, Performed a Review of Certain

question 12

Multiple Choice

Lucia Dottore, an audit senior, performed a review of certain application controls at a clothing manufacturing client. Which one of these controls is an input control?

• A) Reconciliation of totals where input totals are compared to the output totals.
• B) Output is printed to a secure printer where access is limited.
• C) Reasonable checks: actual data is compared to expected data for reasonableness.
• D) none of the above

Comprehend how to initialize and use ArrayList in Java.

Understand the concept and definition of a parameterized class.

Awareness of compiler options for debugging in Java.

Understand the principles of Java interfaces, including their purpose and how they are used in Java programming.

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Definitions:

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables on a numerical scale from -1 to 1.

Standard Deviations

A measure of the dispersion of a set of data from its mean, often used in finance to quantify the volatility of returns.

Perfectly Negatively Correlated

A relationship between two variables where one variable increases as the other decreases with a correlation coefficient of -1.

Global Minimum Variance Portfolio

A portfolio construction strategy aimed at minimizing the volatility of returns by selecting a combination of investments that as a whole have the lowest possible risk.