Info
Warning
Danger

Study Resources (Accounting)

41) Which of the following is the final activity in the systems development life cycle? A) monitoring of the system B) ongoing maintenance activities C) preparation of the post-implementation review report D) user acceptance of the post-implementation review report 42) An analyst who asks the question, "Does the system produce.
4 Views
View Answer
11) Who is responsible for preparing the specifications that are used to create the programs? A) management B) programmers C) systems analysts D) the information systems steering committee 12) One step in the systems development life cycle (SDLC) identifies and evaluates design alternatives and to develop design specifications. This step.
12 Views
View Answer
1) Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying A) internal controls. B) job descriptions. C) proper supervision. D) segregation of duties. 2) Many companies sell software, music, or digital photographs over the Internet. They give up a digital copy of those resources, but.
17 Views
View Answer
61) Which of the following diagrams represents the cardinality pairs in a situation where rented items must be returned intact, and several rented items could be returned at the same time? A) B) C) D) 62) Which of the following diagrams represents the cardinality pairs in a situation where deliveries are.
9 Views
View Answer
51) Which group is responsible for preparing a systems analysis report? A) computer analysts B) management C) the project development team D) the steering committee 52) In which systems analysis step do analysts conduct an extensive study of the present system to gain a thorough understanding of how it works?.
6 Views
View Answer
51) Where is the responsibility for the development of end-user computing applications typically placed? A) End users B) Help desk C) Information Technology Services Department D) Programmers 52) Callow Youth Clothing (CYC) declared bankruptcy in 2007 and has since closed 27 stores, which amounts to over half of its retail outlets. One of the conditions.
7 Views
View Answer
69) What are the advantages and disadvantages of custom software and of canned software for meeting application software needs? 70) Describe end-user computing and the advantages and risks involved. 71) Describe prototyping and identify when prototyping is appropriate. Identify the steps involved in prototyping. Discuss the advantages and disadvantages of.
8 Views
View Answer
11) Physical input design considerations include A) which transactions to enter. B) layout of source documents. C) types of data input and optimal input methods. D) cost of collecting and storing data. 12) Program design A) spans all five stages of the system development life cycle. B) includes writing computer code. C) includes.
8 Views
View Answer
41) A partnership balance sheet will show the ending capital balance for each partner. 42) The entry to record a withdrawal of a partner from the firm when payment is made from partners' personal assets affects only partners' capital accounts. 43) International financial reporting standards (IFRS) do  not include specific guidance.
9 Views
View Answer
31) Several types of documentation must be prepared for a new system. The type of documentation that includes the files and databases accessed and file retention requirements is called A) development documentation. B) operations documentation. C) reference documentation. D) user documentation. 32) What type of system test determines whether a.
4 Views
View Answer
11) If the partnership agreement specifies a method for allocating profits but not losses, then losses are shared in the same proportion as profits. 12) It is not possible to share partnership income purely on the basis of partner's service to the partnership. 13) It is not possible to share partnership income.
19 Views
View Answer
61) Cosgrove Art & Antiques sells unique art and antiques exclusively at antique shows. Cosgrove purchases inventory from individuals and other dealers at garage sales, flea markets, antique malls, and estate sales. Each time Cosgrove makes a purchase, she records the person's name, address, date, specific items purchased and price.
7 Views
View Answer
11) Information provided on a Request For Proposal given to vendors should include A) a budget for software and hardware. B) detailed specifications for the AIS. C) timeframe required for completion of the project. D) All of the above are correct. 12) The system performance evaluation approach that evaluates systems based.
13 Views
View Answer
1) Developing a general framework for implementing user requirements and solving problems identified in the analysis phase occurs in which phase of the SDLC? A) conceptual systems design B) implementation and conversion C) operations and maintenance D) physical design 2) Who is responsible for evaluating the design alternatives and selecting the.
18 Views
View Answer
  Table 12-2 80) Refer to Table 12-2. Assuming the business earns a profit of $72,500, the amount allocated to Tic is: A) $29,290 B) $26,390 C) $24,167 D) $16,820 81) Refer to Table 12-2. Assuming the company earns a profit of $146,500, the balance of Tac's capital account after closing out the income summary account is: A).
8 Views
View Answer
21) Since the same inventory items may be stored in several different warehouses, the maximum cardinality from Inventory to Warehouse is most likely ________. A) 0 B) N C) 1 D) determined by the number of warehouses compared to the number of inventory items 22) Relationships between resources and agents, such as Inventory and Supplier,.
5 Views
View Answer
41) What is a disadvantage to prototyping? A) developers may shortchange the testing and documentation process B) errors are likely to be detected and eliminated early in the development process C) prototyping may be less costly than other approaches D) prototyping usually produces a better definition of user needs than.
5 Views
View Answer
69) Why might an REA diagram show relationships between resources and agents? 70) Why is cost information stored in several relational tables? 71) What are the benefits of an integrated enterprise-wide data model? 72) Describe the relationships between Recruiting event and Skills, and between Recruiting .
8 Views
View Answer
21) Why do so many organizations develop their own software, when many canned software packages are available? A) An organization may have unique requirements. B) Canned software packages are often less expensive than software developed in house. C) The organization's size and complexity necessitates the in-house development of software. D) A and.
6 Views
View Answer
51) The partnership characteristic of co-ownership of property states that: A) all partnership assets are co-owned by any banks making loans to the partnership B) general partners co-own all assets, but limited partners do not C) general partners own a larger percentage of the assets of a partnership than do limited partners D) any.
13 Views
View Answer
1) Mutual agency in a partnership means that partnership decisions may be made by any one of the partners. 2) Accounting for a partnership is similar to accounting for a proprietorship. 3) A partnership agreement may be oral. 4) Partners can share in net income or loss in any manner they choose. 5).
30 Views
View Answer
87) Discuss the relative advantages and disadvantages of the four different methods for gathering data during a systems survey. 88) Identify and describe the five types of feasibility that must be considered throughout the system development life cycle. 89) What are some of the reasons why behavioral problems occur when a.
8 Views
View Answer
69) Hugh and Liz formed a partnership with capital contributions of $80,000 and $120,000, respectively. Their partnership agreement called for 1) Hugh to receive a $20,000 "salary", 2) each partner to receive 10% of their initial capital contributions, and 3) the remaining income or loss to be divided in a.
10 Views
View Answer
51) Which of the following diagrams represents the cardinality pairs in a situation where a finished product requires one or more machine operations, and machines usage is recorded to specific production runs? A) B) C) D) 52) Which of the following diagrams represents the cardinality pairs in a situation where a.
7 Views
View Answer
  Table 12-1   Hanna contributes $45,000 cash, land that she bought for $55,000, and a building that cost her $140,000 and has been amortized $40,000, to the newly formed partnership of H & B Company. The building is valued at $190,000 and has an outstanding mortgage of $100,000. The land is valued.
11 Views
View Answer
1) A system change that results in an improved product or service and helps lower costs provided a(n) A) competitive advantage. B) improved business process. C) productivity gain. D) technological change. 2) An antiquated information system used by an office supply manufacturer caused customer dissatisfaction since it took two days to process a telephone order..
19 Views
View Answer
31) Which advantage of outsourcing, given below, may tend to cause resistance on the part of in-house IS staff and other organization employees? A) Outsourcing allows a company to better use its assets and scarce resources. B) Outsourcing can lower a company's overall IS costs. C) Outsourcing facilitates downsizing. D).
6 Views
View Answer
63) Describe the post-implementation review activity. 64) What output design considerations should be analyzed as part of the physical system design phase? 65) Describe structured programming. 66) Describe the conceptual systems design phase and identify the elements of conceptual design specif .
6 Views
View Answer
41) Which data gathering method is most helpful to deal with the question: "Why?" A) interviews B) observation by the analyst C) questionnaires D) system documentation 42) Significant system changes were implemented two months ago. The changes were well-planned, well-designed, thoroughly tested before and after conversion, and several employee training.
10 Views
View Answer
41) The ________ entity is used to collect and summarize data about the raw materials, labor, and machine operations used during production of inventory. A) Finished Goods Inventory B) Raw Materials C) Issue Raw Materials D) Work-in-Process 42) In the table called Perform Machine Operations, which is the most likely primary key? A) Equipment number B).
6 Views
View Answer