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NEW QUESTION 187
An internal auditor is reviewing results from software development integration testing. What is the purpose of integration testing?
- A. To verify that all software and hardware components work together as intended.
- B. To verify that the application would work appropriately for the intended number of users.
- C. To verify that standalone programs match code specifications.
- D. To verify that the application meets stated user requirements.
Answer: A
NEW QUESTION 188
For which of the following scenarios would the most recent backup of the human resources database be the best source of information to use?
- A. An incorrect program fix was implemented just prior to the database backup.
- B. There is a need to access prior year-end training reports for all employees in the human resources database
- C. The organization is preparing to train all employees on the new self-service benefits system.
- D. There was a data center failure that requires restoring the system at the backup site.
Answer: D
NEW QUESTION 189
An entity often factors its accounts receivable. The finance company requires an 8% reserve and charges a 1.5% commission on the amount of the receivable. The remaining amount to be advanced is further reduced by an annual interest charge of 16%. What proceedsrounded to the nearest dollar) will the entity receive from the finance company at the time a US $110,000 account that is due in 60 days is turned over to the finance company?
- A. US $83,630
- B. US $99,550
- C. US $81,950
- D. US $96,895
Answer: D
Explanation:
The factor will hold out US $8,800$110,000 x 8%) as a reserve against returns and allowances and US $1,650$110,000 1.5%) as a commission. That leaves US 300,50111 to be advanced to the seller. However, interest at the rate of 16% annually is also to be withheld. For 60 days that interest would amount to approximately US $2,655assuming a 360-day year). The proceeds to be given to the seller equal US $96,895$99,550 - $2,655).
NEW QUESTION 190
An appropriate technique for planning and controlling manufacturing inventories, such as raw materials, components, and subassemblies whose demand depends on the level of production is:
- A. Linear programming.
- B. Materials requirements planning.
- C. Capital budgeting.
- D. Regression analysis.
Answer: B
Explanation:
Materials requirements planning MRP) is a system that translates a production schedule into requirements for each component needed to meet the schedule. It is usually implemented in the form of a computer-based information system designed to plan and control raw materials used in production. It assumes that forecasted demand is reasonably accurate and that suppliers can deliver based upon this accurate schedule. MRP is a centralized push-through system, output based on forecasted demand is pushed through to the next department or to inventory.
NEW QUESTION 191
Which of the following is not a required element of a contract?
- A. A writing.
- B. Consideration.
- C. Legality.
- D. Legal capacity.
Answer: A
Explanation:
The four essential elements of a contract are an agreement offer and acceptance), consideration, legal capacity of the parties to contract, and a legal objective or purpose A writing is not required to enter into a contract. However, some contracts are not enforceable unless a writing evidences the contract
NEW QUESTION 192
The estimated demand for pretzels at the next home football game using a deterministic approach based on the most likely outcome is:
- A. 6,000 pretzels.
- B. 4,400 pretzels.
- C. 5,000 pretzels.
- D. 4,000 pretzels.
Answer: C
Explanation:
A deterministic approach assumes that a value is known with certainty. If that value is deemed to be the most likely outcome, assumed demand will be 5,000 pretzels,
The volume with the highest probability 35%). A beverage stand can sell either soft drinks or coffee on any given day. If the stand sells soft drinks and the weather i= hot, it will make US $2,600; if the weather is cold, the profit will be US $1,000. If the stand sells coffee and the weather is hot, it will make US $1,900: if the weather is cold, the profit will be US $2,000. The probability of cold weather on a given day at this time is 60°l%.
NEW QUESTION 193
In a database system, locking of data helps preserve data integrity by permitting transactions to have control of all the data needed to complete the transactions. However, implementing a locking procedure could lead to:
- A. Inconsistent processing
- B. Unrecoverable transactions
- C. Rollback failures
- D. Deadly embraces retrieval contention
Answer: D
Explanation:
In a distributed processing system, the data and resources a transaction may update or use should be held in their current status until the transaction is complete. A deadly embrace occurs when two transactions need the same resource at the same time. If the system does not have a method to cope with the problem efficiently, response time worsens or the system eventually fails. The system should have an algorithm for undoing the effects of one transaction and releasing the resources it controls so that the other transaction can run to completion.
NEW QUESTION 194
The time that car 4 will have to wait to be:
- A. 4 minutes.
- B. 0-2 minutes.
- C. 3 minutes.
- D. 5+ minutes.
Answer: A
Explanation:
Car 4 arrives at the just-vacated island window 4 minutes after car. It must wait 4 minutes for car to be serviced.
NEW QUESTION 195
Plantation should treat Lease A as a(n):
- A. Operating lease charging US $15.000 in rental expense and US $800 in executor costs to annual operations.
- B. Finance lease with an initial asset amount of US $101.400.
- C. Operating lease charging US $14,200 in rental expense and US $800 in executor costs to annual operations.
- D. Operating lease charging the present value of the yearly rental expense to annual operations.
Answer: A
Explanation:
Lease a is an operating lease with a $ 15,000 annual rental expense with annual executor costs (e.g.) maintenance, insurance, and taxes of US$800 to be paid by the lessee, an
operating lease does not transfer the risks and rewards of ownership to the lease a is nothing more than a rent arrangement. Circumstances in which the risks and rewards of ownership are normally deemed to be transferred include the following the lease transfers title to the lessee, the lease has a bargain purchase option, the lease term is for the major part of the useful life of the leased asset, the present value of the minimum lease payments is at least substantially all of the asset's fair value, or the asset is usable only by the lessee without major modification. On January1, plantation partners is planning to enter as the lessee into the two lease agreements described in the opposite column each lease is noncancelable, and plantation does not receive title to either leased property during or at the end of the lease term all payments required under these agreements are due on January 1 each year.
NEW QUESTION 196
One drawback of business process reengineering (BPR), sometimes referred to as business process analysis, is:
- A. Employee resistance to change.
- B. Reduction of operational efficiency.
- C. Improved efficiency in the business processes analyzed.
- D. Excess of cost over the benefit.
Answer: A
Explanation:
Business process reengineering (BPR), or business process analysis, involves process innovation and process redesign. Instead of improving existing procedures, it finds new ways of doing things. One major drawback of BPR is that employees may be resistant due to fear of layoffs, being replaced, or insecurity about new required skills or tasks that the employee now has to perform.
NEW QUESTION 197
The effect of just-in-time production approaches:
- A. Decreases production facility flexibility.
- B. Reduces the cost of implementing strategies.
- C. Reduces the dependency on suppliers.
- D. Increases the need for a dependable workforce.
Answer: B
Explanation:
A just-in-time (JIT) inventory system can reduce the cost of production by lowering or eliminating inventory costs.
NEW QUESTION 198
An organization's headquarters is centrally located and the organization runs numerous computer applications in multiple sites. Which of the following would be the most appropriate approach for conducting an audit of the mainframe computer?
- A. Conduct individual audits of each application and include in each audit the general controls of the mainframe relevant to the individual application
- B. Conduct a single consolidated audit of both the mainframe general controls and the application controls for all of the applications that use the mainframe
- C. Conduct a series of location-based audits that cover both the general and application IT controls an systems across the location
- D. Conduct an individual audit of the mainframe general controls and separate application control audits of the individual applications in a phased manner
Answer: C
NEW QUESTION 199
For control purposes, which of the following should be organizationally segregated from the computer operations function?
- A. Minor maintenance according to a schedule.
- B. Data conversion.
- C. Surveillance of screen display messages.
- D. Systems development.
Answer: D
Explanation:
Systems development is performed by systems analysts and application programmers.
NEW QUESTION 200
In an inventory system on a database management system DBMS), one stored record contains part number, part name, part color, and part weight. These individual items are called:
- A. Occurrences.
- B. Fields.
- C. Bytes.
- D. Stored files.
Answer: B
Explanation:
A record is a collection of related data items fields). A field data item) is a group of characters representing one unit of information.
NEW QUESTION 201
According to Maslow's hierarchy of needs theory, which of the following best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?
- A. Job security
- B. Self-fulfillment
- C. Esteem by colleagues.
- D. Series of belonging in the organization
Answer: B
NEW QUESTION 202
Correlation is a term frequently used in conjunction with regression analysis and is measured by the value of the coefficient of correlation. The best explanation of the value r is that it:
- A. Is always positive.
- B. Is a measure of the relative relationship between two variables.
- C. Ranges in size from negative infinity to positive infinity.
- D. Interprets variances in terms of the independent variable.
Answer: B
Explanation:
The coefficient of correlation (r) measures the strength of the linear relationship between the dependent and independent variables. The magnitude of r is independent of the scales of measurement of x and y The coefficient has a range of -1 to +1. A value of zero indicates no linear relationship between the x and y variables. A value of +1 indicates a perfectly direct relationship, and a value of -1 indicates a perfectly inverse relationship.
NEW QUESTION 203
As of week 8, the Gantt chart shows that the project is:
- A. Ahead of schedule.
- B. Complete.
- C. On schedule.
- D. Behind schedule.
Answer: A
Explanation:
Assuming that 1) each of the bars represents the expected time necessary to complete an activity and 2) the shaded regions represent the portions completed, activity A has been completed as scheduled and activities B and C are ahead of schedule. Consequently, the project is ahead of schedule.
NEW QUESTION 204
In which stage of an entity's development is it most likely to seek and obtain external equity financing in the form of venture capital?
- A. Growth to maturity.
D Maturity and industry decline. - B. Formation.
- C. Rapid growth.
Answer: C
Explanation:
At the rapid growth stage, if an entity is reasonably profitable. it will experience financing needs in excess of funds available either internally or from trade credit or bank credit Additional debt financing on results in an unreasonable amount of financial leverage at this stage, and public equity financing ordinarily is not yet available. Hence, a rapidly growing entity is most likely to seek and obtain venture capital financing.
RST Corporation's Income Statement for Year 5 and Year 6 RST Corporation's Balance Sheets End of Year 5 and Year 6.
The market value of RST's ordinary stock at the end of Sear 6 was US $100.00 per share.
NEW QUESTION 205
An organization uses a database management system (DBMS) as a repository for data. The DBMS, in turn, supports a number of end-user developed applications which were created using fourth-generation programming languages. Some of the applications update the database. Which of the following is the most important control related to the integrity of the data in the database?
- A. End-user applications are developed on personal computers before being implemented on the mainframe.
- B. End users have their read-only applications approved by the information systems department before accessing the database.
- C. A hierarchical database model is adopted so that multiple users can be served at the same time.
- D. Concurrency update controls are in place.
Answer: D
NEW QUESTION 206
To be more responsive to its customers, a bank wants a system that will permit account representatives to consolidate information about all the a-r-punts belonging to individual customers. Bank management is willing to experiment with different approach approaches because the requirements are evolving rapidly. The best development approach for this system is:
- A. Hierarchy-input-process-output
- B. Structured analysis and design technique.
- C. System development life cycle model.
- D. Prototyping.
Answer: D
Explanation:
Prototyping is an approach that involves creating a working model of the system requested, demonstrating it for the user, obtaining feedback. and making changes to the underlying code. This process repeats through several iterations until the user is satisfied with the system's functionality. Formerly, this approach was derided as being wasteful of resources and tending to produce unstable systems, but with vastly increased processing power and high-productivity development tools. prototyping can, in some cases, be an efficient means of systems development.
NEW QUESTION 207
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