act 307 EX 1 – Flashcards
Unlock all answers in this set
Unlock answersquestion
53. The "S" in the acronym "AIS" stands for: a) Standard b) System c) Symbol d) none of these
answer
B
question
54. 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
answer
D
question
55. The letter "P" in the acronym "ERP" stands for: a) Production b) Planning c) Project d) none of these
answer
B
question
56. Which of the following is true about the terms "data" and "information" within the context of Chapter 1? a) These terms are exactly the same b) These terms are exact opposites c) Some "data" can also be "information" d) none of these
answer
C
question
57. If a manager suffers "information overload": a) He or she must press the reset button on his or her computer b) It means that this person needs a larger hard drive c) The "information" is really just data d) He or she must forget some facts in order to remember others
answer
C
question
58. Which of the following captures the same idea as the term "GIGO?" a) Computers cannot turn straw into gold b) Too much information is the same as garbage c) Great investments lead to great returns d) Too many cooks spoil the broth
answer
A
question
59. Which of the following best describes a data warehouse as discussed in Chapter 1? a) A repository of historical information from one accounting application b) A repository of historical information from a set of accounting applications c) A repository of information from many business applications—some not accounting d) A repository of information from many businesses in the same industry
answer
C
question
60. Most AISs perform all of these functions except: a) Collect raw accounting data b) Store accounting data for future uses c) Process data into useful information d) AISs perform all of these functions
answer
D
question
61. As used in the chapter, "knowledge workers": a) Are blue collar workers in non-managerial positions b) Are the same as delivery clerks c) Include most accountants d) Does not include most accountants
answer
C
question
62. All of the following are possible uses of AIS or accounting personnel that were discussed in the chapter except: a) Countering terrorism b) Foiling future accounting scandals c) Providing assurance services d) Performing monetary exchanges
answer
D
question
63. 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
answer
E
question
64. Which of these would be considered suspicious activities under current SAR rules? a) Money laundering b) Bribing officials c) Transferring money to suspected terrorists d) all of these
answer
D
question
65. Which of these businesses is not required to report suspicious activities under current federal laws? a) Banks b) Money service organizations c) Commodity Traders d) Mutual fund dealers e) Race tracks
answer
E
question
66. Which of these statements best describes the relationship between "AISs" and "countering terrorism?" a) These are completely independent items; there is no relationship b) AISs can help counter terrorism using data warehouses c) AISs can help by denying financial aid to terrorist groups d) AISs can help by identifying international embezzlers
answer
C
question
67. Bernard Madoff is most closely associated with which of the following terms? a) The father of activity-based costing systems b) SAR c) Ponzi scheme d) Sarbanes-Oxley Act of 2002 e) Key sponsor of the Patriot Act
answer
C
question
68. Many accountants feel that the most important part of the Sarbanes-Oxley Act is: a) Its anti-terrorist provisions b) Its provisions requiring the reporting of suspicious activities c) Section 404 on internal controls d) Section 505 on money laundering
answer
C
question
69. The U.S. Patriot act: a) Requires banks to monitor their accounts in foreign institutions for fraud b) Prohibits companies from lending money to corporate executives c) Only applies to publicly-traded companies d) all of these are correct
answer
A
question
70. A good performance measurement system should evaluate: a) Profitability only b) Customer satisfaction only c) Those aspects of a unit's performance that are subject to its control d) Those aspects of a unit's performance whether controllable or not
answer
C
question
71. The managerial accounting component of the accounting subsystem contains all but which one of the following functions: a) Cost accounting b) Financial accounting c) Budgeting d) Systems study
answer
B
question
72. Managerial accounting principally provides information to: a) Stockholders b) Government regulators (e.g., SEC, Federal bank examiners) c) Internal company management d) Potential creditors
answer
C
question
73. 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
answer
D
question
74. Which of the following accounting functions has been automated by most companies' information processing subsystems? a) Posting to ledgers b) Recording journal entries c) Preparing trial balances d) all of the above
answer
D
question
75. The accounting subsystem must continually interact with the: a) Personnel subsystem b) Information processing subsystem c) Production subsystem d) b and c only e) a, b, and c
answer
E
question
76. What has been the effect on accountants in those organizations which have computerized their data processing functions? a) The need for accountants has disappeared b) The accountants have become "pure" bookkeepers c) The accountants have become involved in more decision making activities d) The accountants' decision making activities have drastically declined
answer
C
question
77. What is the first step to be performed by most organizations in their accounting cycles? a) Recording business transactions in a journal b) Preparing a trial balance c) Recording closing entries in a journal d) Preparing transaction source documents e) none of the above
answer
D
question
78. Which of these is a business reporting language often used in recording or transmitting accounting data? a) XBRL b) XFile c) ABC d) Accounting Live
answer
A
question
79. Which of the following is not true regarding professional service firms? a) The SEC is in favor of professional service firms expanding their businesses to include consulting services b) As a result of the corporate bankruptcies and accounting scandals in 2002, professional service firms no longer perform any consulting services c) Professional service firms generally offer a variety of assurance services, including providing assurance over AISs d) In the early 2000's, many large professional service firms sold off the majority of their consulting practices
answer
D
question
80 The principal cause for more timely performance reports in the typical modern organization is due to: a) Better educated management b) Adoption of progressive management philosophies which stress participative management (e.g., MBO) c) Information processing systems d) Need for less information
answer
C
question
81. The P in the acronym KPI stands for: a) Processing b) Performance c) Planning d) Personnel e) none of these
answer
B
question
82. For performance reports to achieve their control objectives, they must: a) Include relevant information so that necessary action may be taken to accomplish organizational goals b) Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance c) Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently d) all of the above e) a and b only
answer
A
question
83. Which of the following is intended to solve the problem that financial data used in one application is not easily transferable to other applications? a) XMP b) ERP c) XBRL d) XMLP
answer
C
question
84. "Excessive data reporting" can result in: a) Massive quantities of data printed out by a company's computer b) The generation of unnecessary reports c) Subsystem managers' belief that it is a status symbol to receive large numbers of internally generated reports d) Inefficient decision making by subsystem managers due to a lack of relevant information e) all of the above
answer
B
question
85. An example of an assurance service for a company engaged in electronic commerce is: a) XBRL b) Trust US c) CITP d) CPA Trust Services
answer
D
question
86. Which of the following is not a component of the balanced scorecard? a) Customer knowledge b) Internal business processes c) Transaction processing d) Financial performance
answer
C
question
87. Which of the following best describes assurance services? a) Auditors are desperate to offer assurance services so that they will still have business in the future b) Assurance and auditing are closely related c) Assurance is a guarantee that there is no fraud in a company d) Assurance services usually require expertise in information technology
answer
B
question
88. Information systems auditors are: a) Auditors who are concerned with analyzing risks associated with computerized information systems b) Individuals who often work closely with financial auditors c) Auditors who have a lot of technical expertise related to information technology d) all of the above
answer
D
question
89. Which of these is a certification that accountants can earn that focuses on proficiency in information technology? a) CPA b) CMA c) CISA d) CITP
answer
D
question
90. The designation for a licensed information systems audit professional is: a) CPA b) CMA c) CIA d) CISA
answer
D
question
91. The certified information systems auditor certification is sponsored by: a) ISACA b) AICPA c) IMA d) none of these
answer
A
question
92. Which of the following best describes "predictive analytics"? a) It is a method auditors use to predict when managers might have a weak internal control system b) It is a technique that uses data stored in data warehouses to create systems that allow managers to use their data to improve performance c) It is a method used to prevent managers from overriding internal controls d) none of the above
answer
B
question
93. Which of the following describes "cloud computing"? a) It is a is a way of using business applications over the Internet b) It is an internal business process over the organizations intranet c) It is an internal business process over the organizations extranet d) none of these
answer
D
question
94. An advantage of cloud computing is that: a) No one understands it, including hackers and would-be fraudsters b) All data inputs, processing, and outputs are hidden c) Users pay only for the services they require d) Smaller businesses or government agencies cannot use it
answer
C
question
95. Which of these is least likely to be an example of a cloud computing service? a) The development of a web site for a retail store b) The remote processing of payroll records for a manufacturer c) The use of computer time on a remote supercomputer by a research firm d) Interviewing candidates for an executive accountant e) all of these are reasonable examples of cloud computing services
answer
D
question
96. Which of these is a drawback of cloud computing? a) Inability to handle periods of peak processing loads b) Users must still invest heavily in computer resources of their own c) Requires users to pay for services, whether they use them or not d) May requires users to trust service provider with sensitive data e) none of these are drawbacks of cloud computing
answer
D
question
97. Which of these terms is most closely associated with cloud computing? a) Data processing b) Outsourcing c) Data communications d) Source programming language e) Compiling
answer
B
question
20. Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle? a) Closing trial balance b) Unadjusted trial balance c) Adjusted trial balance d) Post-closing trial balance
answer
A
question
21. A general ledger: a) Is a chronological listing of an organization's transactions b) Is a listing of an organization's transactions, organized by account c) Does not include every account in an organization's chart of accounts d) Is the same thing as a transaction listing
answer
B
question
22. The financial accounting cycle ends with: a) The production of financial statements b) The production of a post closing trial balance c) The production of an adjusted trial balance d) Development of cash forecasts
answer
B
question
23. Which of the following is not a primary objective of coding systems today? a) To compress data b) To uniquely identify objects c) To convey special meanings that are not apparent to the public-at-large d) To use numbers instead of alphabetic characters in order to save on computer data storage costs
answer
D
question
24. The Year 2000 problem was a prime example of: a) Information overload b) A coding problem c) Poorly designed report structures d) The short-sightedness of accountants
answer
B
question
25. Which of the following is not usually a design consideration in coding systems? a) Consistency b) Standardization c) Government regulation d) Plans for future expansion
answer
C
question
26. Well-designed output reports are characterized by all but which of the following? a) They are useful b) They are conveniently formatted c) They never include graphs d) They are easily identifiable
answer
C
question
27. Information overload: a) Refers to a problem that can result when an AIS produces too many reports b) Refers to the situation that occurs when a company's database is too large c) Almost always results when an AIS is computerized d) Cannot be avoided in the Information Age
answer
A
question
28. Which of the following is not an example of a source document? a) Receiving report b) Purchase order c) Sales order d) Aging report
answer
D
question
29. Performance reports are: a) Reports that compare budgets with actual performance b) Reports that show any exceptional conditions in an organization c) Never presented in an exception format d) Transaction listings
answer
A
question
30. The sales process begins with: a) Placing an order with a vendor b) A customer order for goods or services c) Production of goods or services d) Delivery of goods or services
answer
B
question
31. The primary objective in processing revenues is to: a) Sell as many goods as possible b) Achieve timely and efficient cash collection c) Maximize an organization's sales orders d) Only sell goods to customers who can pay their bills
answer
B
question
32. An important input to the sales process is: a) A customer sales order b) The cash forecast c) Aged accounts receivable information d) A receiving report
answer
A
question
33. To forecast cash receipts, information must be collected from: a) The purchasing process b) Payroll processing c) Inventory control systems d) The sales process
answer
D
question
34. Which of the following is not an objective of the purchasing process? a) Inventory control b) Fastest possible processing of payments to vendors c) Maintaining vendor records d) Forecasting cash outflows
answer
B
question
35. Which source document is used to request goods? a) Purchase order b) Shipping notice c) Purchase requisition d) Sales order
answer
C
question
36. The bill of lading: a) Reflects freight charges on goods shipped b) Signifies release of goods for shipment to customers c) Is sent to the customer with the purchase invoice d) Is used to control inventory
answer
A
question
37. Inputs to transaction processing systems: a) Are always in hard copy b) Are best when input in a graphical format c) May be in an electronic format when an EDI system is used d) May never be audio
answer
C
question
38. Forecasting cash flows: a) Is an objective of transaction processing b) Is never considered an objective of transaction processing c) Is only possible in computerized AISs d) Is considered as a risky activity with which accountants should not be associated
answer
A
question
39. Which of the following is not an objective of the sales process? a) Controlling inventory b) Tracking sales of goods and/or services to customers c) Billing for goods and services d) Forecasting sales and cash receipts
answer
A
question
40. All of the following are inputs (source documents) to the sales process except: a) Sales order b) Shipping notice c) Remittance advice d) all of the above are source documents to the sales process
answer
D
question
41. Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty. These software solutions are called: a) Customer relations data solutions b) Customer relationship management solutions c) Sales data management solutions d) none of the above
answer
B
question
42. Which of the following outputs (reports) are common to both the sales process and the purchasing process? a) Sales analysis reports b) Financial statement information c) both (a) and (b) d) none of the above
answer
C
question
43. All of the following are inputs (source documents) to the purchasing process except: a) Purchase order b) Vendor listing c) Bill of lading d) all of the above are source documents to the purchasing process
answer
D
question
44. Which of the following is an objective of the purchasing process? a) Collecting information for the financial statements b) Making timely and accurate vendor payments c) Forecasting cash requirements d) Tracking bills of lading
answer
B
question
45. Which of the following statements best describes business process outsourcing? a) A company focuses on its core business processes and contracts with another firm to do the other processes b) Companies frequently outsource core business processes c) Due to networked enterprises and advanced technology, more employees may work from their homes or alternate locations d) Initially, companies engaged in business process outsourcing offered employees more opportunities to travel and more career choices for advancement
answer
A
question
46. Networked enterprises and globalization have enabled a new business model called "business-without-boundaries." Which of the following statements describes this business model? a) Companies no longer have all of their employees in one location b) It is called offshoring and companies contract with firms in other countries to do such business processes as human resources, payroll, and accounting c) Companies are under a great deal of scrutiny to manage costs and generate revenue so they contract with foreign firms to do various business processes at a lower cost to the company d) all of the above statements describe this model
answer
D
question
47. Which of the following statements best describes a business process? a) It is a collection of activities in an organization that creates value b) The nature and type of processes might vary from industry to industry c) It is an activity that increases and/or decreases dollar amounts on the financial statements d) It is an economic event in the life of an organization
answer
A
question
48. Which of the following Business Process Management (BPM) software solutions is most often associated with the sales process? a) Enterprise resource management b) Integrated management c) Customer relationship management d) Supply chain management e) none of the above
answer
C
question
49. Much of the input and output related to business processes is now electronic. Which of the following technologies is becoming increasingly popular to manage inventory? a) EDI b) RFID tags c) Magnetic ink characters that can be quickly and easily scanned d) Bluetooth and wireless-enabled laptop computers
answer
B
question
50. The information management wants to see in ______ determines many of the fields in the firm's ______. a) Subforms, queries b) Reports, database c) Ledgers, journal entries d) Business processes, EDI
answer
B
question
51. In the sales process, in an online environment, ______ occurs before ______. a) Customer payment, customer order b) Customer payment, shipping notice c) Vendor order, vendor payment d) Work in process, finished goods
answer
B
question
52. Why do firms like Walmart and Procter & Gamble create supply chain partnerships? a) These firms are chain stores, and they need supply chains b) Supply chains make inventory management more efficient c) Supply chains make database designs more efficient d) Supply chains allow the firms to be more independent
answer
B
question
28. Vertical market accounting software packages typically: a) Will cost more than generic accounting software b) Requires a company to have software pre-designed to fit their special needs c) Are available for all types of organizations d) all of the above are correct
answer
D
question
29. Which of the following software packages is not an example of a middle-range AIS? a) Dynamics GP b) MAS 90 c) Quickbooks d) Solomon
answer
C
question
30. Integrated accounting software programs generally include all of the following, except: a) Graphic reporting capabilities b) Internet connectivity c) One standardized chart of accounts d) The ability to handle multiple companies
answer
C
question
31. Enterprise-wide AISs: a) Almost never pay for themselves b) Do not include any more features than middle-range accounting software packages c) Are seldom used by multinational organizations d) Integrate an organization's financial functions with its other functional
answer
D
question
32. Which of the following is not an important feature of an enterprise system? a) Multiple databases b) Centralized database c) Functional integration d) Back-office functionality
answer
A
question
33. Which of the following is not true regarding customer relationship management (CRM) systems? a) CRM does not require data from multiple applications b) CRM can help managers to better understand customer purchasing behavior c) CRM requires the collection of customer demographic data d) Business intelligence tools can enhance CRM
answer
A
question
34. Components of an ERP's architecture typically include: a) A centralized database and application interfaces b) Internet portals and multiple databases c) A centralized database running on a mainframe computer d) A UNIX operating system
answer
A
question
35. Which of the following business processes or functions is unlikely to be part of an enterprise system? a) Accounting/financing b) Human resources c) Manufacturing d) Sales or distribution e) all of the above are likely to be included in an enterprise system
answer
E
question
36. Business process reengineering, as it relates to an enterprise system implementation: a) Always precedes the implementation b) May precede or be concurrent with implementation depending on the need to conform with industry best practices c) May precede or succeed an implementation depending on the need to conform with industry best practices d) Always succeeds the implementation
answer
B
question
37. Training and change management activities: a) Take place just before the go live stage of implementation b) Are most effective when conducted throughout design, go live, and post-implementation follow-up c) Include technical training only d) Do not include the design of user interfaces
answer
B
question
38. Which of the following is true regarding ERP costs? a) Enterprise systems tend to be less costly than integrated accounting software b) Enterprise systems are always less costly than best of breed software solutions c) Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system d) There may be many costs that continue after systems implementation
answer
D
question
39. When we talk about a Value-Added Reseller, in the context of accounting and enterprise software, we are referring to an individual or business that: a) Usually assists small businesses select entry-level, small business software b) Is a qualified installer of mid-level or high-end accounting software c) Makes special arrangements with software vendors and is able to train customers d) both (b) and (c) e) none of the above
answer
D
question
40. An application service provider (ASP): a) Owns the software and processes your data on the ASPs computers b) Hosts the software and processes your data on your computer system c) Is an outsourcing company that processes your data, prepares reports that you specify, and then mails the results on a weekly basis d) none of the above
answer
A
question
41. Which of the following is considered an integrated software system? a) Material requirements planning systems (MRP I) b) Manufacturing resource planning systems (MRP II) c) Enterprise resource planning systems (ERP) d) all of the above
answer
D
question
42. When we talk about "front-office" capabilities of today's ERP systems, we are referring to which of the following? a) The payroll functions b) The human resource functions c) The administrative functions d) none of the above
answer
D
question
43. Extended enterprise resource planning systems facilitate: a) Supply chain management b) Partner relationship management c) Advanced planning and scheduling d) all of the above e) none of the above
answer
D
question
44. Which of the following is not a sign that indicates the need for a new AIS? a) A new vendor has just announced an AIS package with several features your system does not have b) A slowdown in inventory turnover c) The owner is concerned about cash flows and profitability d) It is taking longer to collect on receivables e) It is taking longer to close the books
answer
A
question
45. Which of the following is not true regarding a software package at the entry-level, such as Peachtree: a) It is likely to cost a few thousand dollars to implement it fully b) It is scalable c) It is unlikely to incorporate Internet connectivity d) It is suitable for many businesses with less than $5 million in revenues e) It will include sample, customizable Charts of Accounts
answer
A
question
46. Which of the following is not true regarding selecting a new AIS? a) For large companies, it is usually cheaper to build a new AIS software program than to purchase it b) It is much easier today to learn about software options because of the Internet c) It is always a good idea to get expert help in choosing an ERP system d) Middle-range and high-end AIS software are not available in shopping malls
answer
A
question
47. Successful implementation of ERP systems typically involves: a) Substantial planning b) Review of business processes c) Support from management d) all of the above
answer
D
question
48. How are ERP systems and databases related? a) ERP systems are configured around a central database b) ERP systems eliminate the need for databases c) ERP systems and databases are not related d) ERP systems employ small, simple databases
answer
A
question
56. An example of an Internet service provider is: a) General Electric b) AOL c) PeachTree d) ISP e) none of these
answer
B
question
57. Another name for an Internet domain address is its: a) URL b) ISP c) email address d) IETF
answer
A
question
58. An example of a URL is: a) .gov b) 100.100.100.100 c) www.wiley.com d) Title
answer
C
question
59. 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
answer
A
question
60. Which of these is not a component of an IP address? a) A geographic region b) An organization number c) A computer group d) A specific computer number e) A specific user number
answer
E
question
61. An advantage of an extranet is that: a) It can disseminate information corporate-wide b) It can be accessed by selected trading partners c) Users can employ common web browsers to access information in them d) all of the above
answer
D
question
62. The letter "p" in the acronym http stands for: a) Page b) Provider c) Protocol d) Parity
answer
C
question
63. All of the following are normally associated with the Internet except: a) IP addresses b) URL addresses c) http d) MICR coding
answer
D
question
64. These allow a user to access alternate web pages from an existing page: a) Hyperlinks b) Golf links c) html titles d) The XBRL tag
answer
A
question
65. This language allows its users to create web pages on the Internet: a) HTTP b) HTML c) URL d) COBOL
answer
B
question
66. The "X" in the term XBRL stands for: a) Extra b) Extensible c) X-rated d) Exante
answer
B
question
67. Which of the following is true about XBRL? a) It is a business application of XML b) It uses tags such as like HTML c) It is used by the SEC to collect and store financial information about companies d) all of the above are true about XBRL
answer
D
question
68. One advantage of XBRL tags is that: a) They always contain links to other web pages b) Optional entries allow users to specify units of currency, such as Euros c) They are now fixed standards d) They cannot be used by hackers
answer
B
question
69. IDEA is used by the Securities and Exchange Commission (SEC) to: a) Store the financial data of public companies b) Collect lists of bankrupt companies c) Store the URL's of member firms d) Collect data on individuals victimized by identity theft hackers
answer
A
question
70. All of the following are true about XBRL tags except: a) Tags are "extensible" b) Tags describe the data c) Tags tell how to display data d) Tags are now permanently standardized across industries
answer
D
question
71. All of the following are benefits of XBRL except: a) Companies can file financial information in one format, avoiding the errors that may come from reentering data multiple times b) The SEC accepts XBRL-format for electronic filing of financial statement reports c) XBRL permits the automatic and reliable exchange of financial information across many software formats and technologies, including the Internet d) all of the above are benefits of XBRL e) none of the above are benefits of XBRL
answer
D
question
72. The "A" in the term IDEA (used by the SEC) stands for: a) Accounting b) Association c) Addition d) Applications e) Access
answer
D
question
73. Which of these is not an advantage of XBRL? a) It often enables businesses to avoid rekeying data downloaded from corporate websites b) It constrains companies to particular formats, thus ensuring consistency c) It helps standardize the storage and therefore presentation of financial information d) all of these are advantages of XBRL
answer
B
question
74. Which of these is the official website of the XBRL International Consortium? a) www.xbrl.com b) www.xbrl.org c) www.xbrl.gov d) www.xbrlic.com
answer
B
question
75. 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 for use
answer
C
question
76. Retail sales on the Internet: a) Are growing rapidly b) Were growing at first, but are now declining c) Are not possible on the Internet d) Have only been achieved by major retailers such as Wal-Mart
answer
A
question
77. ________ is one of the largest "auction houses" on the web: a) Wal-Mart b) Sears, Roebuck c) eBay d) Forester
answer
C
question
78. An important characteristic of E-wallets is that: a) It is exactly the same as regular cash b) It is the same as EDI c) It contains the identity of the user d) Users must also supply a credit card number when using it
answer
C
question
79. An advantage of E-wallets is that: a) Users do not need to re-enter personal information each time they make an online purchase b) Most E-wallet information is maintained on vendor file servers c) They ensure the completion of a purchase transaction over the Internet d) none of the above is an advantage of E-wallets
answer
A
question
80. All of the following are examples of EDI "documents" except: a) Purchase orders b) Sales invoices c) Customs documents d) Bar codes
answer
D
question
81. Which of these is correct about the terms "e-business" and "e-commerce"? a) They are exact synonyms b) They are exact opposites c) e-business is a subset of e-commerce d) e-commerce is a subset of e-business
answer
D
question
82. The acronym B2B stands for: a) Back to basics b) Baltimore or bust c) A non-existent public broadcasting system d) Business to business
answer
D
question
83. In recent years, the most common complaint related to identify theft is: a) Alteration of personal information b) Imbalances in financial statements c) Credit card fraud d) Deletions of the personal information maintained by banks and insurance companies
answer
C
question
84. According to the textbook, which of the following statements is true about identity theft? a) Most personal identities are stolen by dumpster diving b) There is little individuals can do to protect themselves from identify theft; this is a corporate problem c) There is much that individuals can do to protect themselves d) Accountants are more vulnerable to identity theft than non-accountants
answer
C
question
85. One form of access security is determining authentic users by "who they are." Which of the following is an example of such authentication? a) Verifying a password b) Biometric tests such as retina scans c) Requesting that the user provide his or her mother's maiden name d) Requiring the user to show a valid driver's license
answer
B
question
86. One form of access security is determining authentic users by "what they have." 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 his or her mother's maiden name d) Requiring the user to show a valid driver's license
answer
D
question
87. 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
answer
A
question
88. What is the main reason for companies to prefer VANs to the Internet for implementing EDI? a) Cost - VANs are cheaper than the Internet b) Speed - VANs are faster than the Internet c) Security - VANs are thought to be more secure d) Convenience - VANs are everywhere
answer
C
question
89. The letter "N" in VPN stands for: a) Network b) Notice c) Nanosecond d) Nothing
answer
A
question
90. The term "spoofing" refers to: a) Computer hijacking b) Kidding c) Posing as a legitimate computer user d) Distributing junk mail
answer
C
question
91. The purpose of a company firewall is to: a) Guard against spoofing b) Assist the IETF c) Deny computer hackers access to sensitive data d) all of the above
answer
C
question
92. A proxy server is: a) A type of computer network often used by companies with many employees b) An alternate for a company mainframe computer c) A substitute for a good waiter at a restaurant d) A computer dedicated to Internet access and transfers
answer
D
question
93. The term data encryption refers to: a) Storing data in safe places called "crypts" b) Transforming data into secret codes c) Scrambling data in random ways that cannot be unscrambled d) none of these
answer
C
question
94. All of the following are associated with data encryption except: a) Plaintext b) Cyphertext c) DES d) URL
answer
D
question
95. The term key in the context of data encryption refers to: a) A physical key similar to a house key b) A logical key similar to the primary key of a data file c) A mathematical function used for encryption purposes d) A computer function key that can be found on keyboards
answer
C
question
96. 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
answer
A
question
97. 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 of these
answer
C
question
98. Third party assurance: a) Provides online purchasers with some assurance regarding the security and privacy of a web site b) Is unlikely to concern auditors c) Is a service offered only by the American Institute of Certified Public Accountants d) Is a service offered only by the Better Business Bureau
answer
A
question
99. Which of the following is not true regarding user authentication? a) One level of authentication is who you know b) An information system may require more than one level of authentication for access c) One level of authentication is what you know d) An example of authentication would be use of a password
answer
A
question
100. Because Internet software is so convenient to use, many companies also create ________ for internal communications purposes. a) Intranets b) Extranets c) Firewalls d) Domain address
answer
A
question
101. Which of the following is a group collaboration tool that allows anyone with a Web browser and some easy-to-use software to publish a personalized diary online? a) Electronic conferencing b) Blogs c) Firewalls d) e-mail
answer
B
question
102. Which of these is not an acronym normally associated with cloud computing? a) Saas b) PaaS c) IDEA d) all of these are cloud computing acronyms
answer
C
question
103. Utilizing tax preparation software from a cloud service provider is an example of: a) Saas b) PaaS c) IDEA d) XML
answer
A
question
104. All of the following are advantages of cloud computing except: a) The client only pays for resources that it actually uses b) The client gains additional control over its data c) The provider, not the client, handles changes in processing volume d) all of these are advantages of cloud computing
answer
B
question
105. Which of these is not an example of a cloud service provider? a) A company that performs backup services over the Internet b) A company that performs payroll processing over the Internet c) A company that provides janitorial services d) all of these are examples of cloud service providers
answer
C
question
106. Companies such as Backblaze, Drop Box, and MozyHome are examples of companies that perform this type of cloud service: a) Backup services b) Payroll processing c) Janitorial services d) Tax preparation services e) Web hosting
answer
A
question
107. Which of these is not an Internet search engine? a) Google b) Bing c) Yahoo d) MySpace
answer
D
question
108. Obtaining a complete educational degree online is: a) Not yet possible today b) Only available from Harvard University c) Is now possible from a wide variety of educational institutions d) Illegal
answer
C
question
109. Social networking sites such as Twitter or Facebook: a) Have only social uses, not commercial ones b) Have both social and commercial uses c) Have only commercial uses d) May have future commercial uses that have not been realized to date
answer
B
question
110. Which of these is a concern regarding social networks? a) They pose privacy issues b) They are inconvenient for communicating with target audiences c) none of them identify the author of a particular comment d) none of these are social-networking concerns
answer
A
