Which of the Following Best Describes "Predictive Analytics

question 15

Multiple Choice

Which of the following best describes "predictive analytics"?

• A)It is a method auditors use to predict when managers might have a weak internal control system
• B)It is a technique that uses data stored in data warehouses to create systems that allow managers to use their data to improve performance
• C)It is a method used to prevent managers from overriding internal controls
• D)none of the above

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Definitions:

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at any given time.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specific period.

World's Population

The total number of people living on Earth at any given time, an ever-changing figure due to births, deaths, and migration.

Living Standards

The measure of financial wealth, comfortability, possessions in terms of goods, and necessary items afforded to a distinct social class or area.