An Operational Audit Would NOT Include Determining ________

question 5

Multiple Choice

An operational audit would NOT include determining ________.

• A)Whether the entity is acquiring,protecting,and using its resources effectively.
• B)The effectiveness of an organization and its programs,activities,and functions.
• C)The causes of inefficiencies or uneconomical practices.
• D)Whether the entity has complied with laws and regulations.

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Definitions:

Inflation

The pace at which prices for general goods and services escalate, causing a decline in buying power.

GDP Price Index

A measure that tracks changes in prices of all goods and services produced within a country and is used to calculate real GDP.

Base Year

A specific year chosen as a reference point for financial or economic data comparison over time.

Inflation

The speed at which prices for goods and services generally ascend, wearing away the power to purchase.