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Problems 51.  COBIT information criteria Match each element on the right with the most appropriate definition on the left. ______ 1. Appropriate information is provided for management to operate the entity.______ 2. Sensitive information is protected from unauthorized disclosure.______ 3. The information complies with externally imposed business criteria.______ 4. The information is.
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55. Financing process documentation At the end of each fiscal quarter, LCF Corporation's vice president of finance determines whether the company has sufficient cash on hand to pay a dividend. If not, the company declares and distributes a stock dividend. In either case, the vice president of finance makes a.
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59.  A group of accountants was discussing various business process management projects they had completed.  Some of the actions associated with those projects are listed below.  For each item, indicate which step (1 through 7) of the generalized model of BPM is best exemplified. ____a.  Calculate the monthly cost of running.
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11.  Which element of Steps for Better Thinking focuses on acquiring background knowledge and skills? a. Foundation. b. Identifying. c. Exploring. d. Prioritizing. 12.  Which element of Steps for Better Thinking focuses on dealing with solution limitations? a. Foundation. b. Identifying. c. Envisioning. d. Prioritizing. 13.  Which element of Steps for Better Thinking focuses on choosing and.
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Multiple Choice Questions 1.  All of the following are definitions of business process management except: a business improvement strategy based on documenting, analyzing, and redesigning processes for greater performance. a method of efficiently aligning an organization with the wants and needs of clients. a systematic approach to analyzing, redesigning, improving and managing a specific.
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52. Payroll forms Indicate the payroll form described in each item below. _________ 1. Computes payroll data for all employees for a given pay period._________ 2. Establishes payroll withholding status._________ 3. Reports amounts paid to an independent contractor._________ 4. Reports amounts withheld by employer to IRS._________ 5. Reports employer's federal unemployment.
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64.  Rank the processes mentioned in the narrative as to their value added; use a three-point scale where “3” stands for activities that definitely add value.  Justify your rankings. 65.   How should Marco organize his staff to accomplish outbound logistics tasks?  In other words, how many staff does he need on.
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Multiple Choice Questions 1.  Information overload can be caused by all of the following except: a. Information design. b. Information technology. c. Organizational design. d. Information characteristics. 2. When a person has to make a decision quickly, ___ may cause information overload. a. Personal factors. b. Information parameters. c. Task and process parameters. d. Information technology. 3.   Working in.
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54. Causes of information overload The text identified five general causes of information overload. Which general cause is indicated by each of the following independent examples? _________a. Aaron's boss has told him to memorize a section of the tax code._________b. Donna and Sophia disagree about how to solve a problem._________c. Esther.
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The following scenario applies to Questions 43 through 45: Steve, the vice president of information systems for Alpha Flight Company, was dissatisfied with the company’s current method of providing IT help to its internal customers.  Having read an article about information systems outsourcing, he decided to develop a new business process.
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Problems 51.  Business processes Match each item on the left with the most appropriate business process on the right. ______ 1. Americans with Disabilities Act.______ 2. Direct material.______ 3. Form 940.______ 4. Hybrid systems.______ 5. Initial public offering.______ 6. Long-term debt.______ 7. Market interest rate.______ 8. Process costing.______ 9. Tax withholdings.______ 10..
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57.  Determine whether each of the following statements about business process management is:  (a) always true, (b) sometimes true or (c) never true.  You do not need to provide explanations for those that are sometimes true. 1.        An auditor’s opinion is evidence that business processes are effective and efficient. 2.        Anonymous surveys.
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The following scenario applies to Questions 46 through 50: Calvin works as an accountant for RRI Inc., a corporation that manages the financial assets of wealthy clients, such as movie stars and politicians. Calvin has not received a pay increase in three years and has grown unhappy in his position. He.
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Problems 51. Information overload definitions: Fill in the blanks with appropriate words or phrases to define information overload. a. ______ effects such as ______ and ______ are the result of information overload.b. Beyond the point of information overload, the individual's decisions reflect a ______ of the ______ information. c. Information overload occurs.
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11.  Which of the following is not part of the IT control taxonomy presented in the text? a. Physical. b. Technical. c. Administrative. d. Financial. 12.  According to the COBIT framework, information that is "relevant and pertinent to the business process and is delivered in a timely, correct, consistent and usable manner" meets the.
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21.  Peter created an online database for his company's computer network. If anyone inside the firm can search the database without entering a user name or password, it is fulfilling which objective of knowledge management? a. To improve knowledge access. b. To create knowledge repositories. c. To cause a shift in organizational.
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60.  Natasha, Jillian and Joseph were preparing to attend a conference on business process management.  Various statements from their conversation are shown below.  Respond to each statement to reflect a more accurate view of the basic principles of BPM discussed in the chapter.  Do not quote the principles. The first.
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31.  The first step in business process management is selecting a process and defining its boundaries.  Which of the following has the best defined boundary? a.  Acquiring capital b.  Developing internal controls c.  Designing new forms d.  Calculating cost variances 32.  The managers of SBT Corporation are following the generalized model for a business process.
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58. Computer crime taxonomy, computer criminals and internal controls For each independent situation below, indicate: (a) the type of computer crime based on Carter's taxonomy, (b) the type of computer criminal and (c) one internal control that would address the crime. Note to instructor: The situations in this problem are.
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11.  Which of the following statements is most true? Only external customers can define “value added.” Only internal customers can define “value added.” Binary classifications (value-added or non-value added) are adequate for most organizations. d.Non-value added activities should be reduced or eliminated. 12.  As a tool for business process management, flowcharts are an example of: a.Systems.
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57. Financing process transactions In the space provided, briefly explain each of the following financing process transactions. 58. Human resource process risks and controls Lawrence submitted his resume to a local CPA firm shortly before finishing his accounting degree. A hiring manager at the firm added Lawrence's resume to the others.
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54. Risk analysis Indicate whether each risk below is most closely associated with (a) human resource process, (b) conversion process or (c) financing process. _________ 1. Employees go on strike._________ 2. Failure to establish a sinking fund._________ 3. Increases in interest rates._________ 4. Lack of available cash for dividends._________ 5. Machinery.
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31.  Stella waited until the night before her accounting information systems exam to memorize the ethics code of the Institute of Management Accountants. She is most likely experiencing information overload caused by: a. Information characteristics. b. Bounded rationality. c. Task and process parameters. d. Organizational design. 32. Decision makers can avoid information overload caused.
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57.  Computer crime taxonomy, computer criminals and internal controls For each independent situation below, indicate: (a) the type of computer crime based on Carter's taxonomy, (b) the type of computer criminal and (c) one internal control that would address the crime. Note to instructor: The situations in this problem are.
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Problems 51.  Common steps associated with business process management are listed below.  Number them according to the order in which they would usually occur. ___Analyze the collected data. ___Collect process-related data. ___Identify and prioritize potential process improvements. ___Implement and monitor process improvements. ___Observe, document and map the process steps and flow. ___Optimize the process. ___Select the process and.
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Short answer questions The following paragraph applies to Questions 61 through 65: Nicole owns and operates The Foothill Grill, a small local breakfast shop. She's hired you as a consultant to help redesign the shop's accounting information system. Nicole has financed the restaurant's operations with a combination of her own money, investments.
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The following scenario applies to Questions 46 through 50: At the end of each fiscal quarter, LCF Corporation's vice president of finance determines whether the company has sufficient cash on hand to pay a dividend. If not, the company declares and distributes a stock dividend. In either case, the vice president.
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55.    Juanita conducted a value-added analysis of costs incurred in her company’s internal auditing department; results of her analysis are shown below.  Group the activities based on a three-point scale, where “3” stands for activities with very high value and “1” stands for activities with very low value.  Then, compute.
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Short answer The following paragraph applies to Questions 61 through 65: Tim was upset with his accounting instructor because of the grade he earned in her class. As an act of revenge, Tim used a computer program he downloaded from the Internet to discover the instructor's password for the university's information system..
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The following sets of symbols apply to Questions 42 through 45: 42. A properly prepared Level Zero data flow diagram of the financing process is least likely to include: a.Symbol A.b.Symbol B.c.Symbol C.d.Symbol D. 43.  Which symbol is most likely to depict the issuance of capital stock? a.Symbol A.b.Symbol B.c.Symbol C.d.Symbol D. 44.  Which symbol.
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52.  Fill in the blanks in the following statements based on the principles of business process management discussed in the text. Be open to ______.  Communicate ______; communicate ______.  Deal immediately with ______ as they arise.  Don’t rely on ______ to the exclusion of ______. Enlist ______ support. Ensure that top management.
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60. Internal control taxonomy Organize the items below into groups based on the IT control taxonomy presented in the text. Then, label each group with the most appropriate title from the taxonomy. a. Conflict of interest policies.b. Content blocking programs.c. Mandatory password rotation.d. Monthly security reports.e. Regular internal audits. f. Silent alarms.g..
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55. Internal controls Indicate which internal control(s) from the top (lettered) list are most applicable to each independent situation in the bottom (numbered) list. Note to instructor: The items on the left are taken from Problem 4 at the end of the chapter. There, students are asked to identify the.
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21.   A customer's bank account should be credited with $10.532 interest. The bank's information system is most exposed to which of the following risks/threats? a. Extortion. b. Information manipulation. c. Information theft. d. Disclosure of confidential information. 22.  The main difference between hackers and cyber-criminals is: a. Their motivation. b. Their knowledge. c. Their relationship to.
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59. Conversion process documents Phil is a production manager at RCK Corporation; he needs raw materials from the warehouse. Create an appropriately titled form Phil could use for that purpose. 60. Database table creation (human resource process) Ali is a payroll clerk for WLC Corporation. He has recently learned about relational databases.
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54.  Business process management often focuses on changing or eliminating non-value added activities.  Which of the following are examples of non-value added activities?  Place an “X” in the space provided for those that are. Advertising new products Completing warranty repairs Conducting employee focus groups to improve morale. Delivering finished products Implementing an ERP system Posting journal.
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Multiple Choice Questions 1.   According to Carter's taxonomy of computer crime, which of the following best describes the computer as an instrumentality? a. Using the computer to further a criminal end. b. Focusing on the system or its data. c. Not required, but related to the criminal act. d. New versions of traditional crimes. 2. .
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Short answer The following paragraph applies to Questions 61 through 65: Marco is the manager of outbound logistics for SCN Corporation.  His department is responsible for all activities required to get a finished product into the hands of the customer.  Those activities include:  testing samples for quality, storing units in the warehouse,.
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21.  MTP Corporation plans to hire a consultant for a business process management project.  Which of the following is most true? a.  MTP should not hire an external consultant. b.  MTP should direct the consultant to prepare a flowchart of the relevant business process and present it within thirty days. c.  The consultant.
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The scenario below applies to Questions 48 through 50: Drew prepared the following flowchart for part of his company’s payroll process in preparation for a business process management project. 48.  Drew plans to revise the process in two ways:  (a) automate data entry on time cards and (b) outsource payroll preparation. Which activities.
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