Which of the following types of control plans is particular to a specific process or subsystem, rather than related to the timing of its occurrence?
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1 .Vulnerable Corporation has its data centers in Ft. Lauderdale, Miami, and Galveston. Since each of these locations is somewhat susceptible to hurricanes, Vulnerable is considering developing a disaster recovery plan. Which of the following statements is/are incorrect for disaster recovery? I. Vulnerable uses application software packages. The license agreements for the packages usually provide the license holder the right to make backup copies of the software for disaster recovery purposes. II. Disaster recovery plans are limited to the restoration of IT processing. III. The major emphasis in disaster recovery is on the restoration of hardware and telecommunication services.
A I, II, and III are incorrect. B II and III only are incorrect. C I and II only are incorrect. D . I and III only are incorrect.
2 .What type of computer system is characterized by data that are assembled from more than one location and records that are updated immediately?
A Micro computer system. B Mini computer system. C Batch processing system. D Online real-time system.
3 .Which of the following characteristics distinguishes electronic data interchange (EDI) from other forms of electronic commerce?
A EDI transactions are formatted using the standards that are uniform worldwide. B EDI transactions need not comply with generally accepted accounting principles. C EDI transactions ordinarily are processed without the Internet. D EDI transactions are usually recorded without security and privacy co...
4 .A company is concerned that a power outage or disaster could impair the computer hardware’s ability to function as designed. The company desires off-site backup hardware facilities that are fully configured and ready to operate within several hours. The company most likely should consider a
A Cold site. B Cool site. C Warm site. D Hot site.
5 .In an accounting information system, which of the following types of computer files most likely would be a master file?
A Inventory subsidiary. B Cash disbursements. C Cash receipts. D Payroll transactions.
7 .Which one of the following terms best describes a Decision Support System (DSS)?
A Structured system. B Interactive system. C Management reporting system. D Formalized system.
8 .Which of the following statements regarding increases in price levels is most true? A period of inflation.
A Increases the price level, which is negatively related to the purchasing power of money. B Harms anyone who has an obligation to pay a specific amount and benefits anyone who is entitled to receive a specific amount. C Increases the price level, which benefits those who are entitled to receive spe...
9 .When markets are perfectly competitive, consumers.
A Have goods and services produced at the lowest cost in the long run. B Must choose the brands they buy solely on the basis of informational advertising. C Must search for the lowest price for the products they buy. D Do not receive any consumer surplus unless producers choose to overproduce.
10 .Patents are granted in order to encourage firms to invest in the research and development of new products. Patents are an example of.
A Market concentration. B Collusion. C Exclusionary practices. D Barriers to entry.
