Which of the Following Is True Regarding the Single Audit

question 160

Multiple Choice

Which of the following is true regarding the Single Audit Act and its amendments?

• A) Major programs selected for audit must equal 50 percent or more of federal expenditures, unless the organization is deemed to be low risk.
• B) Separate reports are filed with every federal agency from which the audited organization receives funds.
• C) Both A and B above.
• D) Neither A nor B above.

---

Definitions:

M/D/1

A notation in queueing theory representing a system with a single server, where arrivals are Markovian (M), service times are deterministic (D), and there is one server or channel (1).

Arrival Rate Distribution

Statistical representation describing the frequency and pattern of arrivals at a service system over a specific period.

Service Time Distribution

The statistical distribution of the time taken to serve customers in a queue, affecting waiting times and service efficiency.

Number of Channels

Refers to the distinct paths or routes through which a company distributes its products or services to customers.