Describe three types of data-mining analysis capabilities.
What will be an ideal response?
(1) Cluster analysis is a technique used to divide an information set into mutually exclusive groups such
that the members of each group are as close together as possible to one another and the different groups
are as far apart as possible. (2) Association detection reveals the degree to which variables are related and
the nature and frequency of these relationships in the information. (3) Statistical analysis performs such
functions as information correlations, distributions, calculations and variance analysis.
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Which of the following is not true?
A. The auditor should not communicate with management until the audit of internal control over financial reporting is finished. B. If fraud is discovered, the auditor must report it to the appropriate level of management. C. Written communication between the auditor and management about internal control over financial reporting should include the definitions of control deficiencies, significant deficiencies, and material weaknesses. D. The auditor should not include in the audit report that no significant deficiencies were noted during an audit of internal control over financial reporting.
In a manufacturing organization, the production budget is prepared immediately after the sales budget
Indicate whether the statement is true or false
In the summer of 2002 the euro was valued at slightly less than US$1. By 2008, it had risen to an all-time high of $1.60, but in early 2016, the euro and the dollar were nearly equivalent. This change in value is called
A. foreign currency fluctuations. B. interest destabilization. C. inflation. D. global financial impact. E. recession.
Listeners will remember the conclusion of a speech more than any other part of a speech
Indicate whether the statement is true or false