Examlex
Which of the following factors is not a component of the audit risk model?
Utility Function
An economic concept representing a user's satisfaction levels with varying consumption of goods or services, ranked from less to more preferred.
Interest Rate
The slice of a loan that generates interest charges for the borrower, often cited as an annual percentage of the yet-to-be-paid loan amount.
Inflation
An economic condition characterized by a general increase in prices and fall in the purchasing value of money.
Utility Function
A mathematical representation of how different bundles of goods or services rank according to their utility (satisfaction) for an individual or entity.
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