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Multiple Choice Questions 21.Which of the following is not a Stewardship and Reporting role of the Accounting/Finance Function in Business? A.Human Resource management B.Regulatory compliance C.Tax returns D.Statutory reporting 22.Which of the following is not a Business Management Support role of the Accounting/Finance Function in Business? A.Management information B.Planning, budgeting and forecasting C.Financial consolidation, reporting and analysis D.Investment appraisal 23.Which of.
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11.Business Process Modeling Notation (BPMN) activity models show the sequence of flow from right to left and top to bottom. 12.Business Process Modeling Notation (BPMN) activity diagrams depict events as circles. 13.Business Process Modeling Notation (BPMN) activity diagrams depict activities as circles. 14.An activity can depict a single action or some logical combination.
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26.Obtaining an understanding of an internal control involves evaluating the design of the control and determining whether the control has been: A.Authorized. B.Implemented. C.Tested. D.Monitored. 27.A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities. According to COSO, this decision represents which of the.
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True / False Questions 1.The Object Management Group maintains the standard for Unified Modeling Language (UML) Class diagrams. 2.Unified Modeling Language (UML) Class diagrams describe the logical structure of a database system. 3.A Class is a separately identifiable collection of business relationships. 4.In Unified Modeling Language (UML) Class diagrams, a Class is represented by.
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11.In Unified Modeling Language (UML) primary keys cannot by NULL. 12.In Unified Modeling Language (UML) primary keys may be blank. 13.In Unified Modeling Language (UML) foreign keys allow tables to be linked together in a database. 14.A generalization relationship models a grouping of things that share common characteristics. 15.An aggregation relationship is a form.
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Essay Questions 23.La Jolla Management Company (LJMC) manages several apartment complexes and earns revenues by renting out the apartments in those complexes. LJMC assigns an agent/manager (employee) to each complex (one manager can manage several complexes) to handle day-to-day operations, such as maintaining the property, advertising, and signing rental contracts. This.
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Multiple Choice Questions 16.Integrity of information means the information is: A.Accurate B.Complete C.Accessible D.A and B are correct. 17.Which of the following statements is incorrect about digital signature? A.A digital signature can ensure data integrity. B.A digital signature also authenticates the document creator. C.A digital signature is an encrypted message digest. D.A digital signature is a message digest encrypted using.
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True / False Questions 1.Data warehouses work together with operational systems to provide necessary insight, particularly in the case of customer relationship management (CRM) and supply chain management (SCM) systems. 2.Data warehouses are often designed to facilitate decision making such as those often used in managerial accounting and facilitate management by.
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Essay Questions 41.A magnetic tape used to store data backups was lost while it was being transported to an offsite storage location. The data on the tape includes customers' credit card and personal information. Which preventive control(s) should have been used to minimize the potential loss? 42.List the following steps regarding computer.
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Multiple Choice Questions 16.Many companies record both purchase orders and purchases; when would such a company recognize the purchase? A.When the purchase order is issued. B.When the supplier receives the purchase order. C.When the products are received from the supplier and accepted. D.When the products are sold. 17.In a BPMN collaboration model of the purchase process,.
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23.Correct the BPMN Activity DiagramAfter a very successful career in business, Ray Robertson decided to leave the rat-race to pursue his life-long (adult life-long) interest in brewing unique, hand-crafted beers. He wanted his business to reflect his passions: beer, football, and the Oregon Ducks, so the name Yellow Duck Brewing.
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31.Which of the following is a well-formed business rule? A.Customers must be over 18 years of age. B.Customers may not be under 18 years of age. C.Customers must pay in U. S. dollars. D.All of these are well-formed business rules. 32.Entity-relationship diagrams (ERDs) are similar in content and purpose to Unified Modeling Language (UML) Class.
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24.Pacific Green Company (PGC) provides landscaping services to individual and corporate customers in southern California. Heather F originally founded PGC as a lawn mowing service while she attended graduate school. It became so successful that she delayed her teaching career to concentrate on building the company. This case describes PGC's.
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26.Which of the following statements regarding authentication in conducting e-business is incorrect? A.It is a process that establishes the origin of information or determines the identity of a user, process, or device. B.One key is used for encryption and decryption purposes in the authentication process. C.Successful authentication can prevent repudiation in electronic transactions. D.We.
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Multiple Choice Questions 16.According to COSO, which of the following components of the enterprise risk management addresses an entity's integrity and ethical values? A.Information and communication B.Internal environment. C.Risk assessment. D.Control activities. 17.Which of the following items is one of the eight components of COSO's enterprise risk management framework? A.Operations. B.Reporting. C.Monitoring. D.Compliance. 18.In a large pubic corporation, evaluating internal control.
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Multiple Choice Questions 16.Which of the following is not an approach used for the online analytical processing (OLAP). A.Exception reports B.What-if simulations C.Consolidation D.Data mining 17.The purpose of a company's firewall is to: A.Guard against spoofing B.Filtering packets C.Deny computer hackers access to sensitive data D.All of the above 18.Which of the statements regarding the data warehouse is incorrect? A.It is a.
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True / False Questions 1.In making the business case for an IT investment, companies should assess the sensitivity of results to the assumptions. 2.The appropriate cost of capital to use in valuing an IT project is the same regardless of the project riskiness. 3.Capital budgeting techniques provide precise estimates on an IT projects.
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Essay Questions 50.Put the listed steps in the corresponding parentheses in the risk assessment and response approach diagram below.(A) Avoid, share or accept risk(B) Reduce risk by implementing controls(C) Is it cost beneficial to protect the firm from the risk?(D) Estimate the likelihood of each risk occurring(E) Identify control to mitigate.
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Essay Questions21.Integrated CaseSerena's Tennis Togs, Inc., was founded by one of the world famous women's tennis players to produce tennis and other sports clothing for the many women that appreciate Serena's unique fashion sense. Serena's Tennis Togs, Inc. (STTI) makes and markets multiple types of recreational clothing lines for women..
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42.Use the following description to create a Business Process Modeling Notation (BPMN) activity diagram of the process.Jeremy is using his banks online banking site to pay for his new phone. He logs onto the bank's website by entering his user name and password, confirming his SiteKey. After access to his.
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True / False Questions 1.Type images can be used to allow process information to be summarized by category. 2.BPMN models can describe the collaboration between two organizations using pools. 3.A BPMN process flow can start in one pool and end in the collaborating pool. 4.In a collaboration model using BPMN, the interaction between participants.
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26.Within a WAN, a router would perform which of the following functions? A.Provide the communication within the network B.Select network pathways within a network for the flow of data packets. C.Amplify and rebroadcast signals in a network D.Forward data packets to their internal network destination 27.Which of the following strategies will a CPA most likely.
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25.Pacific Green Company (PGC) provides landscaping services to individual and corporate customers in southern California. Heather F originally founded PGC as a lawn mowing service while she attended graduate school. It became so successful that she delayed her teaching career to concentrate on building the company. This case describes PGC's.
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36.An entity's ongoing monitoring activities often include A.Periodic audits by the audit committee. B.Reviewing the purchasing function. C.The audit of the annual financial statements. D.Control risk assessment in conjunction with quarterly reviews. 37.The overall attitude and awareness of a firm's top management and board of directors concerning the importance of internal control is often reflected.
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True / False Questions 1.Fraud triangle includes incentive, opportunity and an attitude to rationalize the fraud. 2.The goal of information security management is to maintain confidentiality, integrity and availability of a firm's information. 3.Encryption is a preventive control ensuring data confidentiality and privacy during transmission and for storage. 4.Asymmetric-key encryption is suitable for encrypting.
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Essay Questions 26.La Jolla Management Company (LJMC) manages several apartment complexes and earns revenues by renting out the apartments in those complexes. LJMC assigns an agent/manager (employee) to each complex (one manager can manage several complexes) to handle day-to-day operations, such as maintaining the property, advertising, and signing rental contracts. This.
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Multiple Choice Questions 13.Which of the following best describes the purpose of a BPMN collapsed sub-process? A.Show the interchange between two pools. B.Depict the sequence of activities in one pool. C.Contain a series of activities that are hidden from view. D.Illustrate process flow when an exception occurs. 14.Which of the following best describes the purpose of.
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Multiple Choice Questions 16.Which type of data models allows each record to have multiple parent and child records? A. The hierarchical mode B. The network model C. The relational model D. None of the above 17.Which of the following correctly describes the Referential Integrity Rule? A. The primary key of a table.
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28.Pacific Green Company (PGC) provides landscaping services to individual and corporate customers in southern California. Heather F originally founded PGC as a lawn mowing service while she attended graduate school. It became so successful that she delayed her teaching career to concentrate on building the company. This case describes PGC's.
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Multiple Choice Questions 16.Which of the following is the best description of the balanced scorecard? A.A strategic planning and management system B.A performance measurement framework C.A formal, structured approach to link IT investment to business performance D.All are descriptions of the balanced scorecard 17.Which of the following is not a balanced scorecard perspective? A.Stakeholder B.Financial C.Business process D.Customer 18.Which of the.
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Multiple Choice Questions 17.Data mining is considered a technique of A.Data Warehousing B.Project Management C.Data Martian D.Business Intelligence 18.A data warehouse may include a: A.XBRL style sheet B.General Economic Information C.Digital Dashboard D.iPad Mini 19.Ford may use business intelligence to: A.Track the cost of parts on its vehicles B.Monitor the price of their pilots and flight attendants C.Indicators of quality issues to pinpoint.
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26.Which of the following statements about the requirements of table design is incorrect? A. Each attribute in a table must have a unique name. B. Values of a specific attribute must be of the same type. C. Each attribute (column) of a record (row) must be single-valued. D. All other non-key attributes.
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True / False Questions 1.Conversion labor costs become part of cost of goods sold. 2.Gateways can direct sequence flow to support looping. 3.Business rules describe appropriate actions to take based on process conditions. 4.Application controls limit access to viewing and changing records in a system. 5.A labor plan class would establish standard overhead allocation rates. 6.The.
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27.Pacific Green Company (PGC) provides landscaping services to individual and corporate customers in southern California. Heather F originally founded PGC as a lawn mowing service while she attended graduate school. It became so successful that she delayed her teaching career to concentrate on building the company. This case describes PGC's.
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True / False Questions 1.The balanced scorecard only includes quantitative measures. 2.The balanced scorecard framework describes performance from four different perspectives based on the firm's strategy to achieve shareholder value. 3.In the business process perspective, the firm describes its objectives for improvements in tangible and intangible infrastructure. 4.A strategy map depicts the cause and.
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Multiple Choice Questions 21.Which of the following is not something a model of database structures must be able to describe? A.The entities or things in the domain of interest B.The sequence that entities are accessed C.The cardinalities that describe how many instances of one entity can be related to another D.The attributes or characteristics of.
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31.Which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams? A.Associations B.Events C.Gateways D.Sequence flows 32.Which of the following best describes the purpose of an event in a Business Process Modeling Notation (BPMN) activity diagram? A.Shows where the work takes place. B.Describes the sequence of workflow. C.Affects the flow of the business.
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Multiple Choice Questions 11.Which of the following types of business is least likely to employ a conversion process? A.Restaurant B.Retail store C.Bakery D.Machine shop 12.Which of the following is not a basic activity in the conversion process? A.Issue raw material B.Perform work and account for labor C.Ship products to stores D.Authorize production 13.Which of the following best describes the purpose of.
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Essay Questions 41.Identify each of the following statements with one of the five fundamental control objectives of operating systems.Control objectives:(a) Protect operations systems from users.(b) The operating system must protect users from each other.(c) The operating system must be protected from itself.(d) The operating system must be protected from its environment.(e).
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True / False Questions 1.Data mining is the process of searching for patterns in the data in a data warehouse and to analyze the patterns for decision making. 2.The data in a data warehouse are updated when transactions are processed. 3.Parallel simulation uses an independent program to simulate a part of an existing.
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Essay Questions 42.List the tables with primary keys, attributes, and foreign keys that implement the following UML Class diagram given the accompanying list of attributes. Identify primary keys with PK and foreign keys with FK. 45.List the tables with primary keys, attributes, and foreign keys that implement the following UML Class diagram.
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Essay Questions 41.Use the following description to create a Business Process Modeling Notation (BPMN) activity diagram of the process.Nora accesses the Amazon.com website to purchase a favorite musician's latest album. She searches for the musician's name. Amazon displays the results of the search, and she selects the correct entry. She samples.
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True / False Questions 1.The Purchase Orders table would have five foreign keys. 2.The Cash Disbursements table would have three foreign keys. 3.The association between Purchase Orders and Products would be implemented with a linking table. 4.The association between Purchase Orders and Cash Disbursements would be implemented with a linking table. 5.The Purchase Orders table.
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29.Integrated Case combining both sales and purchases processes.Background: When Arnold retired from politics after the state budget crises of 2008, 2009, and 2010 he found that the downturn in the overall economy had affected his retirement plans. Plus, he needs money for his divorce from Maria while his new movies.
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Essay Questions 41.List the seven objects and their functions that are used to implement relational databases using Microsoft Access. 42.What are the three main advantages of relational databases? 43.Discuss the challenges of enterprise system implementation? 44.Explain the three main types of classes in data modeling. 45.What.
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True / False Questions 1.The Sarbanes-Oxley Act of 2002 (SOX) 2002 requires the management of all companies and their auditors to assess and report on the design and effectiveness of internal control over financial reporting annually. 2.According to the Sarbanes-Oxley Act of 2002, it is the responsibility of the Board of Directors.
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43.Use the following description to create a Business Process Modeling Notation (BPMN) activity diagram of the process.Caitlin is planning to run in the local July 4th 5K run. She wants to register online, but she forgot the websites URL. So, she navigates to Google and starts a search for the.
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Essay Questions 26.Review the following list of company objectives. Prepare a strategy map that places each objective in the correct balanced scorecard perspective. 27.Your company has elected to implement a balanced scorecard management process following the steps outlined by Kaplan and Norton. After examining the process closely, your company's senior management team.
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