The internal auditor of a bank has developed a multiple regression model that has been used for a number of years to estimate the amount of interest income from commercial loans. During the current year, the auditor applies the model and discovers that the r2 value has decreased dramatically, but the model otherwise seems to be working.
Which of the following conclusions is justified by the change?
In Year 2, a manufacturing company instituted a total quality management TQM) program producing the following report:
On the basis of this report, which one of the fallowing statements is most likely true?
Through the use of decision models, managers thoroughly analyze many alternatives and decide on the best alternative for the company. Often the actual results achieved from a particular decision are not what was expected when the decision was made. In addition, an alternative that was not selected would have actually been the best decision for the company.
The appropriate technique to analyze the alternatives by using expected inputs and altering them before a decision is made is:
All of the following are objectives of pricing except:
Following an evaluation of an organization's IT controls, an internal auditor suggested improving the process where results are compared against the input. Which of the following IT controls would the Internal auditor recommend?
