BEC Essentials

Question 1

COSO ERM has what objectives?

Answer 1

Strategic
Operations
Reporting
Compliance

Question 2

Data Mart

Answer 2

supports specific needs; more specialized than a data warehouse

Question 3

Real Interest Rate

Answer 3

Stated (or Nominal) Interest - Inflation

Question 4

World’s largest exporters of goods and services (in order)

Answer 4

China
Germany
US
Japan

Question 5

Exponential Smoothing

Answer 5

a technique to reduce random fluctuations in time series data with declining weights assigned to data as it becomes older

Question 6

Database mgmt sw is considered both

Answer 6

software and middleware

Question 7

Decreasing Returns to Scale

Answer 7

a long-term concept; the returns from increasing the scale of operations in the long-run are less than proportionate to the inputs incurred in increasing the scale of operations.

Question 8

Diminishing Returns

Answer 8

a short-term concept; diminishing returns result where in the short run increased input of variables overwhelms the fixed factor

Question 9

Capital Structure

Answer 9

Long-term Debt and Equity

Question 10

Financial Structure

Answer 10

comprised of both short and long-term sources of financing and therefore includes capital structure

Question 11

Minimum transfer price

Answer 11

equals avoidable outlay costs

Question 12

Maximum transfer price

Answer 12

equals the market price