Traditional information systems development procedures that ensure proper consideration
of controls may not be followed by users developing end-user computing EUC) applications.
Which of the following is a prevalent risk in the development of EUC applications?

• A.Management decision making may be impaired due to diminished responsiveness to management's requests for computerized information.
• B.Management may be less capable of reacting quickly to competitive pressures due to increased application development time.
• C.Management may place the same degree of reliance on reports produced by EUC applications as it does on reports produced under traditional systems development procedures.
• D.Management may incur increased application development and maintenance costs for EUC systems, compared with traditional mainframe) systems.

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Which of the following is an example of an application system control?

• A.Error listings are generated and promptly remediated.
• B.Data values fall within a prescribed range.
• C.Field amounts contain an upper or lower limit.
• D.Report distribution is restricted to authorized personnel.

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Which of the following statements is false regarding the efficient and economical
achievement of the organization's objectives?

• A.Economical performance accomplishes objectives with minimal use of resources with no regard to risk exposure.
• B.Efficient performance accomplishes objectives in a timely manner.
• C.Economical performance accomplishes objectives with minimal use of resources commensurate with the risk exposure.
• D.Efficient performance accomplishes objectives in an accurate and economical manner.

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The basic purpose of most national securities laws is to regulate the issue of investment securities by:

• A.Providing a regulatory framework for those I' -co1 governments that do not have their own securities laws.
• B.Requiring disclosure of all relevant facts so that investors can make informed decisions.
• C.Prohibiting the issuance of securities that the government determines are not of investment grade.
• D.Channeling investment funds into uses that are economically most important.

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In the standard regression equation y= a + bx, how is the letter b best described?

• A.Independent variable
• B.Dependent variable
• C.Y intercept
• D.Slope of the regression line

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