09 Flashcards
residual risk
REACTS managment reacts to risk
inherent risk
an absence
simulation
auditing tool use in an integrated test facility
not used in e-commerce
sequential file processing
cannot be edited in real time
Which of the following is a primary function of a database management system?
able create and modify the database
replacement value is the measure of:
current value
If a database has integrity, this means that the:
database has only consistent data.
material requirements planning
order raw materials in needs for completed products
What does enterprise risk management do for an organization?
manage risk and seize opportunities to achieve the goals of the organization.
return on investment (ROI)=
net income / average invested capital
A compiler is
a program that converts high-level programming language into machine language.
If the central bank of a country raises interest rates sharply, the country’s currency will most likely:
increase in relative value
Distributed data processing is
several minicomputers connected, but each can process its own data
Under COSO, management monitors controls for which of the following reasons?
to consider weather controls are operating as intended
If Fed Reserve lowers the discount rate, usually leads to:
increases in money supply
it makes money cheaper for banks to borrow, which makes customers obtain loans easier
