ACC 564
FINAL EXAM PART 2
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· Question 1
4 out of 4 points
An expansion of a firm's
operations to include production in Russia and China will have the effect of
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· Question 2
4 out of 4 points
The ________ audit reviews the
general and application controls of an AIS to assess its compliance with
internal control policies and procedures and its effectiveness in
safeguarding assets.
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· Question 3
4 out of 4 points
An auditor finds that employee
absentee rates are significantly higher on Mondays and Fridays than on other
work days. This is an example collecting audit evidence by
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· Question 4
4 out of 4 points
An auditor must be willing to
accept some degree of risk that the audit conclusion is incorrect.
Accordingly, the auditor's objective is to seek ________ that no material
error exists in the information audited.
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· Question 5
4 out of 4 points
Auditing involves the
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· Question 6
4 out of 4 points
Sad Clown Pajamas is an
Internet-based wholesaler. The manager of Callow Youth Clothing received an
order from Sad Clown and found that the wrong product had been shipped. He
repackaged the order and sent it back for a refund. When Sad Clown Pajamas
received the returned product, they mailed a ______ to Callow Youth
Clothing's manager.
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· Question 7
4 out of 4 points
This document is a legal contract
that defines responsibility for goods that are in transit.
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· Question 8
4 out of 4 points
A way to incorporate the
advantages of Electronic Data Interchange with the Electronic Funds Transfer
is
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· Question 9
4 out of 4 points
The activities involved in
soliciting and processing customer orders within the revenue cycle are known
as the ________.
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· Question 10
4 out of 4 points
Which document should always be
included with a merchandise shipment to a customer?
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· Question 11
4 out of 4 points
What control should be put in
place that assigns responsibility for EFT payments made to vendors?
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· Question 12
4 out of 4 points
A surprise count of an imprest
petty cash fund should find the total of ________ equal to the amount
authorized for the fund.
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· Question 13
4 out of 4 points
Evaluated receipt settlement
increases efficiency by
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· Question 14
4 out of 4 points
The disbursement voucher and
supporting documents are sent to the ________ for payment prior to the due
date.
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· Question 15
4 out of 4 points
The need to place an order for
inventory is specified by the
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· Question 16
4 out of 4 points
Which type of payroll report
includes the details of the current paycheck and deductions as well as
year-to-date totals?
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· Question 17
4 out of 4 points
A "zero balance check"
refers to which of the following control procedures?
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· Question 18
4 out of 4 points
The employer pays a portion of
some payroll taxes and employee benefits. Both the employee and employer pay
which benefit or tax listed below?
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· Question 19
4 out of 4 points
The document that lists each
employee's gross pay, payroll deductions, and net pay in a multicolumn format
is called
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· Question 20
4 out of 4 points
When using electronic documents,
________ increase the accuracy of data entry.
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· Question 21
4 out of 4 points
Adjusting entries that are made to
recognize revenue that has been received but not yet earned are classified as
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· Question 22
4 out of 4 points
Information about financing and
investing activities for use in making general ledger entries is typically
provided by the
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· Question 23
4 out of 4 points
Who provides the adjusting entries
for a well-designed general ledger and reporting system?
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· Question 24
4 out of 4 points
Recording interest earned on an
investment is an example of which type of adjusting journal entry?
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· Question 25
4 out of 4 points
One way of ensuring that recurring
adjusting journal entries are made each month would be to
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· Question 26
4 out of 4 points
A relationship in which
cardinalities have zero minimums and N maximums would most likely be an
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· Question 27
4 out of 4 points
Which of the following graphical
symbols represents a minimum cardinality of one and a maximum cardinality of
one?
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· Question 28
4 out of 4 points
Developing an REA diagram for a
specific transaction cycle begins by identifying
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· Question 29
4 out of 4 points
An entity-relationship (E-R)
diagram represents entities as ________ and the relationships between them as
lines and ________.
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· Question 30
4 out of 4 points
Which of the following graphical
symbols represents a minimum cardinality of zero and a maximum cardinality of
many?
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· Question 31
4 out of 4 points
A network of arrows and nodes
representing project activities that require an expenditure of time and resources
and the completion of initiation of activities, respectively, is called
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· Question 32
4 out of 4 points
Who is responsible for preparing
the specifications that are used to create the programs?
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· Question 33
4 out of 4 points
The system objective concerned
that crucial information be produced first, and then less important items as
time permits is known as
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· Question 34
4 out of 4 points
In which step of the SDLC do all
of the elements of the system come together?
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· Question 35
4 out of 4 points
There are several important
aspects to be considered during a feasibility study. The aspect that asks the
question, "Can people use the system and will they use it?" is
called
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· Question 36
4 out of 4 points
What is an important risk to be
considered when allowing end users to develop a system?
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· Question 37
4 out of 4 points
BenathirDonathat, director of the
project committee, has received approval from management for implementation
of a new accounting information system. After putting out an RFP, the
committee settled on a vendor that will provide an industry standard software
package and post-sale technical support. The committee decided to go with
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· Question 38
4 out of 4 points
Which advantage of outsourcing,
given below, may tend to cause resistance on the part of in-house IS staff
and other organization employees?
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· Question 39
4 out of 4 points
As part of the development process
for a new job bidding software system for Halide Construction, LLC, Jon
Chelide prepared and distributed functional programs that simulate the
system's input and output interface. These programs are an example of
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· Question 40
4 out of 4 points
When canned software is used for
systems acquisition, the conceptual design phase of the SDLC
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· Question 41
4 out of 4 points
At what point in the systems
development life cycle does the company determine how the conceptual AIS
design is to be implemented?
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· Question 42
4 out of 4 points
Acceptance tests involve
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· Question 43
4 out of 4 points
What is used as the basis for
management to make a "go/no go" decision regarding whether to
proceed from the physical design phase to the implementation and conversion
phase of the systems development life cycle?
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· Question 44
4 out of 4 points
One of the purposes of the
________ is to guide physical systems design activities.
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· Question 45
4 out of 4 points
Phil in Marketing got a call from
Chuck in ITS. "Phil, the system just generated a stock-out report. I
wanted to give you a heads up. I'm sending it right over." This is an
example of a
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