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:

Promissory Note

A financial instrument containing a written promise by one party to pay a definite sum of money to another party at a specified future date or on-demand.

Account Receivable

The amount customers are required to pay to a firm for goods and services already received but not yet paid for.

Payee

The party in a financial transaction who receives the payment.

Note Receivable

A written promise that a specified amount of money, plus potentially interest, will be paid by one party to another by a specific date.