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Study Resources (Accounting)

1) Primary activities are activities where value is added directly to the product. 2) The increasing reliance on the web for information has created a digital divide between those who have Internet access and those who do not. 3) Threat of government regulation is one of the five forces in Porter's model. 4).
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11) As defined by Porter, a value chain is a network of value creating activities. 12) Sales and service would be examples of supporting activities in Porter's value chain model. 13) Accounting functions like accounts receivables would be an example of a supporting activity in Porter's value chain model. 14) An organization's goals.
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71) Ideally, a competitive advantage should be A) industry-wide. B) short term. C) reproducible. D) shared with partners. E) sustainable. 72) The threat of new entrants in an industry is high when A) entry and exit costs are low. B) entry costs are high. C) distribution channels are few. D) entry and exit costs are high. E) few suppliers exist. 73) Porter's.
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41) "Doing the right things" refers to A) efficiency. B) social responsibility. C) improved quality. D) effectiveness. E) sustainability. 42) A value chain (is) A) a group of activities that improve the effectiveness of a good or service. B) describes how a product moves through a distribution channel. C) a group of activities that improve the efficiency of a.
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21) While weather is an unstructured phenomenon, weather forecasting is an example of structured decision making. 22) The quality of your thinking is a large part of the quality of the information system. 23) The review step may lead to another decision and another iteration of the decision making process. 24) Your mind.
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111) What is meant by effectiveness? 112) What are primary activities? 113) What is meant by increasing efficiency? 114) How can IT increase productivity? 115) What are three ways that value can be created by Information Technology investments? 116) What are the primary activities in Porter's value chain model? Give an example of an IS.
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101) Computer programs like QuickBooks that perform a specific business function are called ________ software. 102) ________ application software serves the needs of a specific industry. 103) ________ application software like a word processor application provides common capabilities across all organizations and industries. 104) Software that is tailor-made for special applications is called.
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81) A ________ lists the items ordered and the quantity requested of each item. 82) The ________ process works to balance the demands from customers with the inventory purchased from suppliers. 83) When stock in inventory hits a critical point, it is called the ________ point. 84) The most common definition of information.
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21) The bargaining power of customers is one of the competitive strategies identified by Porter. 22) Some competitive advantages are less sustainable than others. 23) The systems chosen to support a particular competitive strategy may be evaluated according to the support they give that strategy. 24) A call centre used for customer service.
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11) Most managers will get involved in purchasing computer hardware and building systems. 12) MIS stands for "Management Information Sciences." 13) MIS is embedded in an IT system. 14) Information systems are created to solve business needs. 15) Email is an example of an information system. 16) To gain a competitive advantage it is important.
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51) Which of the following are NOT the responsibilities of the user of an Information System? A) Backing up data B) Programming the system C) Learning how to employ the system to accomplish your goals D) Helping recover the system E) Protecting the security of the system and its data 52) The Running Room web site A).
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51) A kilobyte is a collection of A) 512 bytes. B) 1024 bytes. C) 1024 megabytes. D) 1024 gigabytes. E) 8 bytes. 52) Bytes consist of ________ bits of memory. A) 2 B) 12 C) 8 D) 4 E) 6 53) Instructions move from main memory into the CPU via the (a) A) network card. B) memory chip. C) operating system. D) data channel. E) cache. 54) Which.
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81) The ________ of a CPU is measured in hertz. A) dot pitch B) seek time C) data bus D) clock speed E) size 82) The operating system employs ________ so that users can run multiple applications and files at the same time. A) main memory B) seek time C) patches D) rotational delay E) memory swapping 83) ________ is designed to.
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61) In the context of Porter's five forces model, customer's bargaining power refers to A) a customer's ability to create barriers to entry. B) a customer's ability to alter his/her value chain. C) a customer's ability to integrate IT. D) a customer's ability to negotiate better prices. E) a customer's ability to create substitutes. 62) Which.
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1) Business processes are synonymous with business systems. 2) You should always ask yourself "how can I use my time in school to enhance those skills I already have?" 3) The inventory management process includes placing orders and receiving goods into inventory. 4) In the payment process, the invoice is compared to the.
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81) Labour productivity is the ________ of the Gross Domestic Product of a country divided by the total paid hours worked by the people of that country. 82) ________ activities are activities where value is added directly to the product. 83) A(n) ________ chain is a network of activities that improve the.
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101) A customer acts as a(n) ________ in the inventory management process. 102) A network of activities, resources, facilities, and information that interact to achieve some business function is a(n) ________. 103) From a business process viewpoint, a warehouse that stores inventory would be a(n) ________. 104) The payment ________ transforms invoice information.
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61) Which systems are typically used to analysis data and information during the choice step? A) Word processing packages B) Financial modeling tools C) Databases D) Digital imagining packages E) Presentation software 62) Customer numbers and their names would be an example of the ________ component of an order management information system. A) software B) information C) procedure D) hardware E).
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91) Every information system contains hardware, software, people, data and ________. 92) Every information system contains hardware, software, people, ________, and procedures. 93) The study of MIS is not just about learning to use spreadsheets and databases, but about learning how to use these tools to accomplish a(n) ________ purpose. 94) Information technology.
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41) How much did the average Canadian ICT worker earned in 2011 according to Industry Canada? A) $90,000 B) $19,000 C) $75,000 D) $68,000 E) $59,000 42) Which of the following segments of the ICT sector in Canada is responsible for the majority of this sectors revenue, according to Industry Canada? A) Software B) Manufacturing C) Services D) Export E) Hardware 43).
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111) Describe the types of systems used during the intelligence gathering step. 112) Describe the types of systems used during the choice step. 113) Describe the types of systems used during the implementation step. 114) What does a transaction processing system support? 115) Describe the types of systems used during the review step. 116) What.
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51) Disruptive technologies refer to A) technological innovations that increase the value of existing products in an incremental way. B) technological innovations that cause major disruptions in IT operations. C) technological innovations that decrease the value of existing products. D) technological innovations that repackage attributes of existing products in a totally new way. E) technological.
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41) The step in a decision making process where decision markers determine what is to be decided, what the criteria for the decision will be, and what data are available is called A) alternatives formulation. B) decision analysis. C) intelligence gathering. D) the review step. E) the choice step. 42) The stage in a decision making.
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21) Moore's Law states that the number of circuits (Microprocessor Transistors) will double every four years. 22) Understanding the implications of technological change allows for greater effectiveness of business professionals. 23) A combination of business and technology skills can open a number of doors in the new Canadian economy. 24) This class is.
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11.ERP software caught on so quickly because of its simplicity and low cost. 12.Two very good tools for gathering in formation to help select the best accounting system               are The Accounting Library and CTS Guides. 13.Most accounting VARs handle only one to three accounting software packages. 14.Pilot conversion is the installation of.
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61) Which device listed below is an example of a processing hardware device? A) Main memory B) Keyboard C) Printer D) Magnetic tape E) Touch screen 62) Which device listed below is an example of a storage hardware device? A) Keyboard B) Bar code scanner C) Mouse D) Printer E) Optical disk 63) Linux is an example of A) an application. B) horizontal-market software. C).
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71) The on-time performance of all your vendors for a specific item would be an example of A) inventory B) data. C) communication. D) information. E) resource. 72) For General Motors, the quantity of tire rims received would be an example of A) communication. B) knowledge. C) data. D) information. E) resource. 73) In an information system, the software and ________ components.
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31) Just barely sufficient information refers to information that is A) correct and complete. B) produced in time for its intended use. C) good for the purpose for which it is generated. D) not useful to the decision being made. E) useful to both the context and the subject at hand. 32) "Worth its cost" refers.
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71) A blog would be an example of A) IT procedures. B) an information technology. C) an information system. D) an email system. E) an infrastructure system. 72) The "ICT Labour Trends Outlook" report of 2010 indicates there is a dramatic need for individuals with core skills that include A) communications skills. B) non-technical skills. C) basic computer skills. D).
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31) What is an Information System? A) An information system is a group of components that interact to produce information. B) Computer hardware and software C) Software development process D) A framework describing human computer interaction E) An information gathering application 32) How does IT differ from IS? A) IT costs money while IS doesn't. B) IT is.
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51) The review step A) is when the organization makes a decision. B) is when the organization makes a decision and may lead to another decision. C) may lead to another decision. D) is when the organization reviews the results of the decision. E) is when the organization reviews the results of the decision and.
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