309 OTHER II

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1 point

Which of the following is not a primary objective of coding systems today?

To compress data

To uniquely identify objects

To convey special meanings that are not apparent to the public-at-large

To use numbers instead of alphabetic characters in order to save on computer data storage costs

1 point

The Year 2000 problem is a prime example of:

Information overload

A coding problem

Poorly designed report structures

The short-sightedness of accountants

1 point

Which of the following is not usually a design consideration in coding systems?

Consistency

Standardization

Government regulation

Plans for future expansion

1 point

To forecast cash receipts, information must be collected from:

The purchasing process

Payroll processing

Inventory control systems

The sales process

1 point

Which of the following is not an objective of the purchasing process?

Inventory control

Fastest possible processing of payments to vendors

Maintaining vendor records

Forecasting cash outflows

1 point

Which source document is used to request goods?

Purchase order

Shipping notice

Purchase requisition

Sales order

1 point

The bill of lading:

Reflects freight charges on goods shipped

Signifies release of goods for shipment to customers

Is sent to the customer with the purchase invoice

Is used to control inventory

1 point

Inputs to transaction processing systems:

Are always in hard copy

Are best when input in a graphical format

May be in an electronic format when an EDI system is used

May never be audio

1 point

Forecasting cash flows:

Is an objective of transaction processing

Is never considered an objective of transaction processing

Is only possible in computerized AISs

Is considered as a risky activity with which accountants should not be associated

10.

1 point

Which of the following is not an objective of the sales process?

Controlling inventory a) Controlling inventory a) Controlling inventory

Tracking sales of goods and/or services to customers

Billing for goods and services

Forecasting sales and cash receipts

11.

1 point

Which of the following outputs (reports) are common to both the sales process and the purchasing process?

Sales analysis reports

Financial statement information

both (a) and (b)

none of the above

12.

1 point

Which of the following statements best describes business process outsourcing?

A company focuses on its core business processes and contracts with another firm to do the other processes

Companies frequently outsource core business processes

Due to networked enterprises and advanced technology, more employees may work from their homes or alternate locations

Initially, companies engaged in business process outsourcing to offer employees more opportunities to travel and more career choices for advancement

13.

1 point

Networked enterprises and globalization have enabled a new business model called “business-without-boundaries.” Which of the following statements describes this business model?

Companies no longer have all of their employees in one location

It is called offshoring and companies contract with firms in other countries to do such business processes as human resources, payroll, and accounting

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

all of the above statements describe this model

14.

1 point

An example of an Internet service provider is:

General Electric

AOL

PeachTree

ISP

none of these

15.

1 point

Another name for an Internet domain address is its:

URL

ISP

email address

IETF

16.

1 point

In the Internet addess www.Name.com.X, the term X usually stands for:

A country

A city

An abbreviation such as “gov”

A transmission protocol

17.

1 point

Which of these is not a component of an IP address?

A geographic region

An organization number

A computer group

A specific computer number

A specific user number

18.

1 point

An advantage of an extranet is that:

It can disseminate information corporate-wide

It can be accessed by selected trading partners

Users can employ common web browsers to access information in them

all of the above

19.

1 point

Which of the following is true about XBRL?

It is a business application of XML

It uses tags such as like HTML

It is used by the SEC to collect and store financial information about companies

all of the above are true about XBRL

20.

1 point

One advantage of XBRL tags is that:

They always contain links to other web pages

Optional entries allow users to specify units of currency, such as Euros

They are now unchanging standards

They cannot be used by hackers

21.

1 point

IDEA is used by the Securities and Exchange Commission (SEC) to:

Store the financial data of public companies

Collect lists of bankrupt companies

Store the URL’s of member firms

Collect data on individuals victimized by identity theft hackers

22.

1 point

All of the following are true about XBRL tags except:

Tags are “extensible”

Tags describe the data

a) Tags describe the data Tags tell how to display data

Tags are now permanently standardized across industries

23.

1 point

All of the following are benefits of XBRL except:

Companies can file financial information in one format, avoiding the errors that may come from reentering data multiple times

The SEC accepts XBRL-format for electronic filing of financial statement reports

XBRL permits the automatic and reliable exchange of financial information across many software formats and technologies, including the Interne Tags tell how to display data

all of the above are benefits of XBRL

none of the above are benefits of XBRL

24.

1 point

Which of these is not an advantage of XBRL?

It often enables businesses to avoid rekeying data downloaded from corporate websites

It constrains companies to particular formats, thus ensuring consistency

It helps standardize the storage and therefore presentation of financial information a) It helps standardize the storage and therefore presentation of financial information

all of these are advantages of XBRL

25.

1 point

Which of these is the official website of the XBRL International Consortium?

www.xbrl.com

www.xbrl.org

www.xbrl.gov

www.xbrlic.com

26.

1 point

Which of these best describes the current state of XBRL?

It now lacks standards, but the hope is that we will get some soon

The language is completely standardized

The language is dynamic and standards are still being developed

The language now awaits official sanction by the United Nations before being released for use

27.

1 point

Retail sales on the Internet:

Are growing rapidly

Were growing at first, but are now declining

Are not possible on the Internet

Have only been achieved by major retailers such as Wal-Mart

28.

1 point

An important characteristic of E-wallets is:

It is exactly the same as regular cash

It is the same as EDI

It contains the identity of the user

Users must also supply a credit card number when using it

29.

1 point

An advantage of E-wallets is that:

Users do not need to re-enter personal information each time they make an online purchase

Most E-wallet information is maintained on vendor file servers

They ensure the completion of a purchase transaction over the Internet

none of the above are advantages of E-wallets

30.

1 point

As used in the textbook, the acronym PBX stands for:

Public broadcasting system

Personal balance exchange

Parallel barter exchange

none of these

31.

1 point

According to the chapter, a virtual PBX is a type of:

Proxy server

Type of local area network

Make-believe public broadcasting system

Telephone system

32.

1 point

In recent years, the most common complaint related to identify theft is:

Alteration of personal information

Imbalances in financial statements

Credit card fraud

Deletions of the personal maintained by banks and insurance companies

33.

1 point

One form of access security is determining authentic users by “what they have.” Which of the following would be an example of such authentication?

Verifying a password

Biometric tests such as retina scans

Requesting that the user provide his or her mother’s maiden name

Deletions of the personal maintained by banks and insurance a) Requiring the user to show a valid driver’s license

34.

1 point

What is the main reason why companies prefer VANs to the Internet for implementing EDI?

Cost - VANs are cheaper than the Internet

Speed - VANs are faster than the Internet

Security - VANs are thought to be more secure

Convenience - VANs are everywhere

35.

1 point

One way to create a VAN is to use a VPN. The letter “N” in VPN stands for:

Network

Notice

Nanosecond

Nothing

36.

1 point

The term “spoofing” refers to:

Computer hijacking

Kidding

Posing as a legitimate computer user

Distributing junk mail

37.

1 point

The purpose of a company firewall is to:

Guard against spoofing

Assist the IETF

Deny computer hackers access to sensitive data

all of the above

38.

1 point

A proxy server is:

A type of computer network often used by companies with many employees

An alternate for a company mainframe computer

A substitute for a good waiter at a restaurant

A computer dedicated to Internet access and transfers

39.

1 point

The term data encryption refers to:

Storing data in safe places called “crypts”

Transforming data into secret codes

Scrambling data in random ways that cannot be unscrambled

none of these

40.

1 point

All of the following are associated with data encryption except:

Plaintext

Cyphertext

DES

URL

41.

1 point

The term key in the context of data encryption refers to:

A physical key similar to a house key

A logical key similar to the primary key of a data file

A mathematical function used for encryption purposes

A computer function key that can be found on keyboards

42.

1 point

An interesting dimension of public key encryption is that:

It actually requires two keys

It only requires one key

Everyone can decode a message written in it

none of these

43.

1 point

A digital signature:

Is the same as a hand-written signature

Is a bitmapped representation of a hand-written signature

Is encrypted data that authenticates a transmitted message

none of these

44.

1 point

Third party assurance:

Provides online purchasers with some assurance regarding the security and privacy of a web site

Is unlikely to concern auditors

Is a service offered only by the American Institute of Certified Public Accountants

Is a service offered only by the Better Business Bureau

45.

1 point

Which of the following is not true regarding user authentication?

One level of authentication is who you know

An information system may require more than one level of authentication for access

One level of authentication is what you know

An example of authentication would be use of a password

46.

1 point

Because Internet software is so convenient to use, many companies also create their own __________________ for internal communications purposes.

Intranets

Extranets

Firewalls

Domain address

47.

1 point

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?

Electronic conferencing

Blogs

Firewalls

e-mail

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