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Study Resources (Accounting)

51) 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.
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60) Explain specifically what is meant by the following statement, "Accountants can and should participate in all stages of the database design process." 61) A dental office employs three dentists and five dental hygienists. One of the dentists is a very recent dental school graduate and can't yet see patients.
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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.
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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).
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1) Integrating separate REA diagrams developed for individual transaction cycles into a single, comprehensive enterprise-wide data model A) is possible. B) requires understanding what the cardinalities in each separate diagram reveal about the organization's business policies and activities. C) provides a single comprehensive enterprise-wide model of the organization. D) All of the.
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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).
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41) Which of the following transactions is represented by the diagram below? A) Vendors send a bill for each inventory item purchased which is payable on receipt. B) A single purchase of inventory is paid for with multiple payments. C) Inventory vendors send a monthly bill for merchandise delivered. The seller does not.
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31) Which of the following transactions is represented by the diagram below? A) An automobile salvage business holds weekly auctions at which it sells its entire inventory. B) A grocery store sells products to consumers. C) A hobbyist restores antique cars. When a car is finished, she sells it on eBay. D) A firm.
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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.
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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.
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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..
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66) Give an example of an M:N Agent-Event relationship. 67) Why is the event Issue Debt often modeled as a separate event entity? 68) Why might an REA diagram show relationships between agents? 69) Why might an REA diagram show relationships between resources and agents? 70) Why is cost information stored in several relational.
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60) Describe the difficulties that could be encountered when developing an AIS. 61) What are the three methods to obtain a new information system? What is a turnkey system? 62) What guidelines should be followed when contracting with an outside developer to create custom software? 63) Describe the purposes of.
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64) Explain the five rules for drawing integrated REA diagrams. 65) Explain a completeness check. 66) Explain where in the REA model you can find the information normally found in a ledger. 67) Explain where in the REA model you can find the information normally found in a journal. 68) What are the advantages.
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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.
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65) Describe computer-aided software (or systems) engineering (CASE) and identify the advantages and disadvantages of CASE? 66) Explain the concept of an application service provider. 67) Identify the ways an organization can gain full advantage of using a Request For Proposal (RFP). 68) Discuss how an organization can develop custom.
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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.
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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.
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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.
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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.
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78) Identify the main reasons why companies change existing systems? 79) Who makes up the project development team and what is the team's purpose? 80) Describe the five phases of systems analysis. 81) Describe the four primary objectives of a systems survey conducted during systems analysis. 1 .
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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.
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41) When integrating separate REA diagrams, A) common resources are placed between the events that affect them. B) each resource is connected to two agents. C) resources are duplicated to show the give and get of economic duality relationships. D) resources are merged if both events in the stockflow relationship are modeled. 42) In.
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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.
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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?.
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1) Which of the following statements about REA modeling and REA diagrams is false? A) REA is an acronym for Resources, Entities, and Agents. B) REA data modeling does not include traditional accounting elements such as ledgers, chart of accounts, debits and credits. C) REA data modeling could be referred to as an.
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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.
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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 prototyping. 72) Discuss how information system outsourcing can provide the organization with both a business solution and asset management..
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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,.
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