8-12 EQs (A)

Question 1

Strategy Initiative

Answer 1

key action program required to achieve strategic objectives

Question 2

Encryption

Answer 2

the conversion of data into a form called a cipher text that cannot be easily understood by unauthorized people

Question 3

Private Key System

Answer 3

an encryption system in which both the sender and receiver have access to the electronic key, but do not allow others access

Question 4

Disadvantage of private key system

Answer 4

Both parties must have the key

Question 5

Step Method

Answer 5

Allocates service department costs to other service departments AND production departments

Question 6

Step Method Allocation Process

Answer 6

a. select the service department serving themes other sac departments
b. allocate the costs of the service department selected in step a to the production departments and other service departments based on a relative level of apportionment base as in the direct method
c. allocate the costs of each remaining service department selected in the same manner as described in step a
d. cost of service departments are never allocated back to departments whose costs have already been allocated

the step method ignores the fact that reciprocal services are used between some service departments

Question 7

The machine language program that results when a symbolic-language program is translated is called an

Answer 7

Object program which is machine readable

Question 8

Source Program

Answer 8

another term for symbolic-language program

Question 9

Wired Program

Answer 9

refers to first-generation computers which require manual wiring of the CPU to perform desired operations

Question 10

Calculate the relative sales value at split-off

Answer 10

Point of sale price less after-split-off processing costs

Question 11

Economic Order Quantity Formula

Answer 11

EOQ = sqrt (2aD/k)

a = cost of placing an order
D = annual demand in units
K = annual cost of carrying one unit in inventory for 1 year (inventory carrying cost)