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7) The IMA's ethical standard of confidentiality does NOT require each member to ________. A) keep information confidential except when disclosure is authorized or legally required B) inform all relevant parties regarding appropriate use of confidential information C) refrain from using confidential information for unethical or illegal advantage D) provide confidential decision support information.
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5) Which statement is FALSE concerning Enterprise Resource Planning (ERP) systems? A) Accounting is one part of an ERP system. B) Accountants must work with operating managers throughout the organization to ensure that the ERP system provides the financial information that managers need. C) ERP systems support all functional areas of a company. D).
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6) A favorable variance occurs on a performance report when ________. A) the actual cost is greater than the budgeted cost B) the actual revenue is less than the budgeted revenue C) the actual profit is less than the budgeted profit D) the actual profit is greater than the budgeted profit 7) Who is the.
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  1.1   Questions 1) Which credential is associated with management accountants? A) CPA B) CMA C) CFP D) IMA 2) The largest U.S. association of professional accountants whose major interest is management accounting is the ________. A) American Institute of Certified Public Accountants B) American Institute of Certified Management Accountants C) Institute of Management Accountants D) American Institute of Management Accountants 3).
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11) If a distributed database contains the same database, it is called a ________ database. A) mirrored B) redundant C) replicated D) partitioned 12) If a distributed database divides the database into nonoverlapping segments, it is called a(n) ________ database. A) mirrored B) replicated C) independent D) partitioned 13) Which of the following is an advantage of functional.
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  Multiple Choice 1) According to the SDLC, the progress from requirements to design to implementation is called the ________ method. A) life cycle B) waterfall C) water cycle D) scrum 2) The SDLC gained popularity when the U.S. Department of ________ stipulated that it would be used for all software development contracts. A) Defense B) Education C) Agriculture D) Commerce 3).
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4) As the cost-driver level increases in the relevant range, variable costs per unit of cost driver ________ but total variable costs ________. A) do not change; increase in direct proportion to the cost-driver activity level B) do not change; decrease in direct proportion to the cost-driver activity level C) increase; do not.
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16) A sorority held a party. The sorority prepared the following budget for 25 expected attendees: Room rental$270 Food250 Entertainment150 Decorations75 Total Costs$745 Twenty-five people attended the party. The costs incurred were: Room rental$140 Food320 Entertainment125 Decorations75 Total Costs$660 What is the variance for the room rental cost? A) $85 Unfavorable B) $85 Favorable C) $130 Favorable D) $130 Unfavorable 17) Variances are deviations from planned results. 18).
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  Multiple Choice 1) A(n) ________ is a collection of data. A) ledger B) repository C) account D) data flow 2) Which of the following is the first step in processing an order? A) checking customer credit B) approving special terms C) verifying availability D) preparing quotation 3) Why is a customer's credit checked before checking availability of goods? A) for the smooth.
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15) Planning refers to ________. A) the implementation of organizational plans B) the use of performance reports to evaluate the attainment of organizational objectives C) setting organizational objectives and establishing the path to attain them D) an analysis of alternative courses of action 16) Taco Bell wants to increase profitability of stores in the Midwest.
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11) The biggest challenge in planning systems development is scheduling. 12) Avoiding the major schedule risks and never developing software in-house is one of the approaches businesses take to address the challenges of scheduling for large-scale systems. 13) Function points can be used to determine the number of lines of code,.
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  Multiple Choice 1) Which of the following is true regarding the international business scenario in the twentieth century? A) After the dot-com bust, optical fiber was extremely scarce and expensive. B) After the fall of the Soviet Union, the economies of Russia and western Europe closed their markets to the world. C) Around the.
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  Multiple Choice 1) Systems development projects require the balancing of three critical drivers: requirements, cost, and ________. A) scope B) time C) performance D) value 2) A plan, known as the ________, of a project stipulates the tasks to be accomplished, the labor and other resources assigned to those tasks, and the schedule for completion. A).
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  Multiple Choice 1) A geographic information system (GIS) is an information system that captures, stores, analyzes, and displays ________ data. A) geospatial B) geosynchronous C) geological D) geometric 2) ________ data is data that can be ordered in reference to the earth. A) Geological B) Geometric C) Geosynchronous D) Geospatial 3) Andrew used Google Maps to find.
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15) The essence of the just-in-time philosophy is to eliminate waste. 16) Computer-integrated manufacturing systems do not use robots. 17) XBRL is an integrated information system that supports all functional areas of a business. 18) Many companies derive their competitive advantage from their information, not their physical facilities. 1.7   Questions 1) Here is a statement.
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5) What type of information is used in making nonroutine decisions, such as the decision to replace a traditional assembly line with fully automated robots? A) scorekeeping information B) attention directing information C) problem solving information D) auditing information 6) How is accounting information prepared by management accountants used within an organization? A) to help operating.
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Essay 1) What are the characteristics of large-scale systems development projects? 2) What is the PMBOK ® Guide for project management? List the components of the grid in PMBOK ® Guide 2004. 3) What is a critical path? How is a critical path analysis done? . .
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  2.1   Questions 1) Why is it important to identify the most appropriate cost drivers for a particular product? A) so managers can identify the activities necessary to manufacture a product B) so managers can control product costs better C) so managers can predict product costs better and make better decisions D) B and C 2) A.
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7) Step Company has total variable costs of 80% of total revenues and fixed costs of $20 million per year. What is the break-even point expressed in total revenue dollars? A) $10 million B) $12.5 million C) $20 million D) $100 million 8) Cornwell Company, a producer of electronic components, has the following information: Income tax.
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True or False 1) The development of large-scale systems can involve integrating products and services from different companies. 2) Large-scale systems development projects require the balancing of three critical drivers: requirements, cost, and time. 3) The trade-off between time and cost is a simple process; the time involved in a project can.
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17) An IMA ethical standard states, "Each member has a responsibility to disclose delays or deficiencies in information, timeliness, processing or internal controls in conformance with organizational policy and or applicable law." This statement comes from the ________ standard. A) integrity B) confidentiality C) competence D) credibility 18) If an employee observes unethical behavior in.
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11) Differences in language, culture, norms, and expectations compound the difficulties of international process management. 12) Information systems increase inventories. 13) The bullwhip effect is a phenomenon in which the variability in the size and timing of orders increases at each stage of the supply chain. 14) Information systems support just-in-time (JIT) inventory.
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11) The relationship between business processes is one-to-many. 12) The information system that processes the Customer Database will be used by other business processes. 13) Business processes consist of activities that do not involve information systems. 14) Creating computer programs and designing databases in-house is more affordable than buying off-the-shelf software. 15) Both information.
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6) During the product development stage of the product life cycle, companies typically experience ________. A) revenues and no costs B) costs and no revenues C) both costs and revenues D) neither costs nor revenues 7) When does a company earn the majority of revenue for a product that goes through the product life cycle? A).
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True or False 1) Geospatial data is data that can be ordered in reference to the earth. 2) GIS create information by manipulating and displaying data in a geospatial context. 3) Application-specific programs are different from application programs for database systems. 4) GIS consist of a blend of external geospatial and relational database data. 5).
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14) The relevant range is the limit of cost-driver level within which a specific relationship between costs and the cost driver is valid. 15) Total variable costs increase when the cost-driver level increases in the relevant range. 16) Variable costs per unit of the cost driver increase when the cost-driver level increases.
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12) Accountants play a role in supporting ________ of the value-chain functions. A) some B) none C) about half D) all 13) A new weight loss product is sold by a mail-order system. The mail-order system is an example of the ________ function in the value chain. A) marketing B) production C) customer service D) distribution 14) Each value chain.
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11) Unlike agile technologies, the SDLC delivers benefits early and often. 12) Agile development methodologies advocate the design of the complete system at the beginning. 13) Agile development methodologies discourage interaction between developers and customers. 14) According to agile development methodologies, testing never involves the business customer. 15) Agile development methodologies are generic. 16) Scrum.
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22) Staff managers give advice to line managers and have authority over line managers. 23) The maintenance department provides line support to the welding department in a factory. 24) Specialization by individuals in organizations is being replaced by decision-making by cross-functional teams. 25) One of a controller's responsibilities is risk management. 26) One of.
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11) Which of the following organizations oversees the CMA Exam? A) American Institute of Certified Public Accountants B) Chartered Accountants Institute C) Institute of Management Accountants D) American Institute of Certified Management Accountants 12) Generally Accepted Accounting Principles play an important role in management accounting. 13) Behavioral considerations are of primary importance in financial accounting. 14) Financial.
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2) Distribution is the function of the value chain that involves ________. A) the mechanism by which a company delivers products or services to the customer B) the manner by which individuals or groups learn about the value and features of products or services C) the support activities provided to the customer D) none.
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True or False 1) A business process is a network of activities, roles, actors, repositories, and data sequence flows that interact to accomplish a business function. 2) If the customer's request for special terms is disapproved the cost of checking availability and credit is wasted. 3) A substantial change in the business environment.
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