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113. An interesting dimension of public key encryption is that: a)It actually requires two keys b)It only requires one key c)Everyone can decode a message written in it d)none of these 114. A digital signature: a)Is the same as a hand-written signature b)Is a bitmapped representation of a hand-written signature c)Is encrypted data that authenticates a transmitted message d)none.
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21) Zhongfang Consumer Products has a small car division that operates as a profit center. Below is a partially completed performance report for the first quarter. How much is the variance for variable expenses? A) $11,000 F B) $12,000 F C) $12,000 U D) $13,000 F 22) Zhongfang Consumer Products has a small car division.
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Multiple-Choice Questions 56.The “S” in the acronym “AIS” stands for: a)Standard b)System c)Symbol d)none of these 57. Which of the following is true? a)  An AIS must be computerized to be useful b) An AIS always produces useful information c) An AIS always produces financial information d)none of these 58. The letter “P” in the acronym.
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31.One major difference between financial accounting and managerial accounting is that financial accountants prepare financial statements for external investors while managerial accountants prepare financial statements for internal managers. 32.In a responsibility accounting system, every person within a company takes responsibility for the performance of every business unit. 33.One major difference between.
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11) Which of the following statements BEST describes management by exception? A) Management investigates only unfavorable variances. B) Management investigates all variances that are exceptions to the usual trends. C) Management investigates all variances. D) Management investigates only variances of significant magnitude. 12) Johnson Construction Materials Company has a sales office which sells concrete culvert.
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41.The purpose of CPA Trust Services is to provide assurance that a company engaged in electronic commerce can provide the goods or services it promises. 42.An example of a value-added reseller (VAR) is a computer dealer that adds software to the hardware it sells. 43.Some possible career opportunities for AIS.
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Multiple-Choice Questions 35.According to the chapter, which of these statements is most accurate? a)Almost all cybercrime is committed for personal gain b)Very little cybercrime is committed for personal gain c)Most cybercrime is just as easily described as “embezzlement” d)We actually know very little about cybercrime 36.According to the chapter, which of these statements is most accurate? a)Most.
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65.One of the most effective deterrents to prevent/discourage computer hacking is:  a)User education, that is, making potential hackers aware of the ethical issues involved in this sort of behavior b)The USA Patriot Act of 2001 c)The Cyber Security Act of 1987 d)none of the above 66.Which of the following does not destroy data but.
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31) Which of the following statements BEST describes the purpose of the balanced scorecard approach? A) The goal of the balanced scorecard approach is to maximize profits. B) The goal of the balanced scorecard approach is to maximize operational efficiency. C) The goal of the balanced scorecard approach is to develop a set.
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Multiple-Choice Questions 63. An example of an Internet service provider is: a)General Electric b)AOL c)PeachTree d)ISP e)none of these 64. Another name for an Internet domain address is its: a)URL b)ISP c)email address d)IETF 65.      An example of a URL is: a).gov b)100.100.100.100 c)www.wiley.com d)<B>Title</B> 66.     In the Internet address www.Name.com.X, the term X usually stands for: a)A country b)A city c)An abbreviation such as “gov” d)A transmission protocol 67..
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51. The term “SaaS” is an acronym standing for “software as a service.”  52. When a cloud service company hosts a client’s website, this is an example of “platform as a service.”   53. For most businesses, cloud computing is an example of outsourcing.  54. The heaviest demands on book publishing.
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11.The term information overload refers to providing too much data to management, often resulting in managers ignoring it. 12.An advantage of computerized AISs is that they do not need to be programmed to catch simple input errors such as entering “4.0” instead of “40.0” for hours worked in a payroll.
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83. Which of these best describes the current state of XBRL? a)It now lacks standards, but the hope is that we will get some soon b)The language is completely standardized c)The language is dynamic and standards are still being developed d)The language now awaits official sanction by the United Nations before being released.
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66. Suspicious activity reporting: a) Only applies to banking transactions b)Is mandated by state, but not federal, regulations c) Is mostly concerned with embezzlement issues d) Is a requirement under the Sarbanes-Oxley Law of 2002 e)none of these 67. Which of these would be considered suspicious activities under current SAR rules? a) Money laundering b) Bribing.
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21) In a balanced scorecard system, which of the following KPIs would relate to the financial perspective? A) Defect rate B) Employee satisfaction C) Gross margin growth D) Number of repeat customers 22) In a balanced scorecard system, which of the following KPIs would relate to the customer perspective? A) Defect rate B) Employee satisfaction C) Gross margin.
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Short Answer Questions 88.Define hacking. 89.Define computer virus. 90.Many say that cybercrime prevention begins with good policies and education of people.  Discuss what it means to have good policies and good education.   3.1 .
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73.This language allows its users to create web pages on the Internet: a)HTTP b)HTML c)URL d)COBOL 74. The “X” in the term XBRL stands for: a)Extra b)Extensible c)X-rated d)Exante 75. Which of the following is true about XBRL? a)It is a business application of XML b)It uses tags such as <b> like HTML c)It is used by the SEC to collect.
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21.Section 352 of the Patriot Act requires auditors to verify that their organizations have adequate risk assessment systems. 22.Accounting systems are useful for performing accounting tasks, but cannot be used for such security purposes as countering terrorism. 23.An example of a corporate scandal that was mentioned in this chapter is.
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103. One form of access security is determining authentic users by “what they know.”  Which of the following would be an example of such authentication? a)Verifying a password b)Biometric tests such as retina scans c)Requesting that the user provide an employee identification card d)Requiring the user to show a valid driver’s license 104. What.
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55.In thwarting cybercrime, which of the following is true? a)It is not important to enlist the support of top management b)Many IT managers do not think cybercrime is very important c)Cybercrime mostly means controlling computer hardware d)Most cybercrime happens because of a failure of controls, not an absence of controls 56.Almost all computer criminals can.
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True-False Questions 1.There is no complete, generally accepted definition of cybercrime presently available. 2.The largest known cybercrime of record is the TRW Company Credit Data Case. 3.Most computer abuse that we have caught so far has been because of good accounting controls. 4.According to the chapter, a computer virus is an example.
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31. To date, e-commerce has had less impact on accounts payable and accounts receivable than on procurement and inventory tracking. 32. EDI automates the exchange of business information, particularly with respect to source documents. 33. EDI can only be used by private, for-profit businesses. 34. A major issue impacting e-business is the trade-off.
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11) KPIs for revenue growth and cost cutting pertain to which of the four perspectives of a balanced scorecard? A) Financial perspective B) Customer perspective C) Internal business perspective D) Learning and growth perspective 12) KPIs for customer satisfaction ratings pertain to which of the four perspectives of a balanced scorecard? A) Financial perspective B) Customer perspective C).
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31) Johnson Construction Materials Company has a sales office which sells concrete culvert pipe to property developers.  The sales office is a revenue center and must prepare a monthly performance report.  Please complete the performance report using the format and the data below: Revenue Center Performance Report   32) Tavares Manufactured Homes Company.
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21.Lockout systems disconnect telephone connections if users fail to provide a correct password in a set number of tries. 22.Dial-back systems help control unauthorized access to computer systems. 23.According to a recent CSI survey, the most common problem encountered by the respondents is viruses. 24.One reason why computer crime is important to.
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45.According to the chapter, which of these statements is most accurate? a)Today, most computers are safe from computer abuse b)Today, very few computers are completely safe from computer abuse c)Today, “hacking” is no longer possible d)Today, all of these statements are accurate 46.The TRW Credit Data Case is an example of: a)The round off trick b)An outsider.
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Learning Objective 24-2 1) Performance evaluation systems provide top management with a framework for maintaining control over the organization. 2) Companies benchmark their performance against the performance of their competitors and also against their own past performance. 3) Decentralization increases the difficulty of achieving goal congruence among managers. 4) If a manager's performance.
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11.  The term “blog” is an acronym that stands for “binary login.” 12. Social media is important to marketers, but only of passing interest to accountants. 13. Surveys suggest that less than half of all companies use social media for business purposes. 14. Groupware is the technology that enables knowledge.
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51) Marcia Consumer Products has several divisions, including the Education Division and the Recreation Division.  Data on the two divisions are shown here: Education Division Recreation Division Current ROI 9.2% 10.0% Current WACC 8.0% 8.0% Operating income $110,000 $200,000 Effective tax rate 20.0% 20.0% Average total assets $1,200,000 $2,000,000 Current liabilities $30,000 $30,000 How much is the EVA for the Education Division? A) $12,890 B) $4,600 C) ($5,600) D).
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Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term. Each definition is used only once – there are three terms that are not used. 76.  _____  shoulder surfing 77.  _____  ACL 78.  _____  CSI 79. .
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Learning Objective 24-5 1) ROI (return on investment) focuses on the ratio of operating income to average assets. 2) ROI is calculated using income before taxes, interest expense, and other non-operating income. 3) The formula for ROI takes the total company net income and divides by assets. 4) Recreation Equipment Company has several.
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True-False Questions 1.The domain address of a web page is the equivalent of its universal resource locator (URL). 2.The Internet Protocol address is a numerical translation of the text-based domain address. 3.  Another name for a URL is the term “domain address.” 4. Most accountants believe that auditors do not need to concern themselves.
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31) Recreation Equipment Company has several divisions which are investment centers.  Data for the Boat Division and the Trailer Division are shown here:   Boat Division Trailer Division Operating income $90,000 $36,000 Total assets at Jan 1 $670,000 $230,000 Total assets at Dec 31 $710,000 $220,000 Which of the following statements would be the MOST meaningful interpretation.
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76.  The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a)Financial shadowing b)Managerial trace technique c)Concatenation d)An audit trail 77. Which of the following accounting functions has been automated by most companies' information processing subsystems? a)Posting to ledgers b)Recording.
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86.Historically, financial data used in one application was not easily transferable to other applications.  However, the problem was fixed with which one of the following?             a) XMP             b)ERP             c)        XBRL             d)        XMLP 87. "Excessive data reporting" can result in: a)Massive quantities of data printed out by a company's computer b)The generation of.
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21) To evaluate the performance of an investment center, a business needs KPIs that measure: A) manufacturing productivity and product defect rate. B) operating income and the efficient use of assets. C) customer satisfaction and market share. D) generation of  sales revenues and control of operating expenses. 22) Investment centers need KPIs to evaluate how.
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Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term.  Each definition is used only once – there are five terms that are not used. 127.  _____  click fraud 128.  _____  DES 129.  _____  EDI 130.  _____  HTML 131. .
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11.We believe that most cybercrime is not discovered. 12.There were less than 200 documented cases of cybercrime at the time the tex ook was written. 13.Automated accounting information systems are a particularly important potential target of cybercrime. 14.When organizations discover a cybercrime, the cost of auditing and investigating the loss.
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Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term.  Each definition is used only once – there are two terms that are not used. 99.   _______  CFE 100.   ______  SAR 101.   ______  CISA 102.   ______  ERP 103.   ______ .
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Learning Objective 24-4 1) When companies use the management by exception approach, ONLY unfavorable variances are investigated. 2) Revenue center performance reports highlight ONLY flexible budget variances, whereas cost center performance reports include sales volume variances. 3) Managers of profit centers are responsible for generating revenue and controlling costs, so their performance.
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11) A product line at Coca-Cola is most likely treated as a(n): A) cost center. B) revenue center. C) profit center. D) investment center. 12) Which of the following is a cost center? A) A company's legal department B) A company's sales department C) A product line of a particular company D) A company's individual stores 13) Which of the.
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True-False Questions 1.The acronym AIS stands for “Accounting Information Standards.” 2.Accounting information systems must be computerized to be effective. 3.It is best to view an AIS as an accounting system that must be computerized. 4.AISs often create information that is useful to non-accountants. 5.In order to be useful, raw accounting data.
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41) Huntswell Corporation has two major divisions?Agricultural Products and Industrial Products.  Data for the year just finished is as follows:   Agriculture Division Industrial Division Sales revenue $140,000 $1,040,000 Operating income $16,400 $220,000 Average assets $300,000 $5,540,000 Target rate of return 4.0% 4.0% For the Agricultural Division, how much is the asset turnover? A) 41.1% B) 46.7% C) 49.9% D) 51.2% 42) Huntswell Corporation has.
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