The Objective of an Operational Audit Is to

question 9

Multiple Choice

The objective of an operational audit is to

• A)evaluate whether laws have been broken by management.
• B)evaluate fairness of presentation of financial statements.
• C)evaluate compliances with company rules and regulations.
• D)evaluate the effectiveness and efficiency with which resources are employed.

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Definitions:

Work Station 1

A specific area or desk designated for an individual or specific task within a larger operational setup, often used in offices and factories.

Exponentially Distributed

Describes a process where events occur continuously and independently at a constant average rate, typically used in the analysis of time between events.

Queue Capacity

The maximum number of elements or units that a queue structure can hold or process before reaching its limit.

Poisson Process

A statistical process modeling the occurrence of events in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.