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31 which of the following is an example of numbers that does not follow benford 39 s 4299977

 

31) Which of the following is an example of numbers that does NOT follow Benford's Law?

A) city populations

B) stock prices

C) zip codes

D) company revenues

32) Which of the following describes the profile for the first digit according to Benford's Law?

A) upward slope

B) U-curve

C) bell-curve

D) ski slope

33) Which of the following is an advantage of the first-two-digits test?

A) It narrows the range of transactions to be investigated.

B) It identifies round numbers which are red flags for invented numbers.

C) It indicates instances where digits have been transposed to make the number larger.

D) It flags numbers that are repeated frequently as possible fictitious transactions.

34) Which of the following is a use of the last-two-digits test?

A) It narrows the range of transactions to be investigated.

B) It identifies round numbers which are red flags for invented numbers.

C) It indicates instances where digits have been transposed to make the number larger.

D) It flags numbers that are repeated frequently as possible fraudulent transactions.

35) Which of the following is a reason why the size of the data set is important to apply Benford's Law?

A) Large data sets often have more irregularities than small data sets.

B) It is easier to test small data sets for frequencies of digits, both lower and higher.

C) It is more difficult to identify significant deviations from Benford's profile in small data sets.

D) The results of tests on large data sets are not as precise as the results of tests on small data sets.

 

 

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