BEC Essentials

Question 1

Capital Turnover

Answer 1

Sales / Investment

Question 2

Are reduced usability issues a benefit of mobile computing?

Answer 2

No

Mobile computing increases, not decreases, usability issues since systems must be redesigned for display and data entry on small screens.

Question 3

Which of the following risks increases the least with cloud-based computing compared with local server storage for an organization that implements cloud-based computing?

A.  Data loss.
B.  Vendor security failure.
C.  Global visibility.
D.  System hacks.

Answer 3

Ans. C Global Visibility

Global visibility is not a risk of cloud-based computing.

Question 4

In perfect competition, which of the following is always correct?

A.  Price equals total revenue.
B.  Price equals average total cost.
C.  Price equals marginal cost.
D.  Price equals marginal revenue.

Answer 4

D. Price equals marginal revenue.

In perfect competition, price is always equal to (the same as) marginal revenue. In perfect competition, in the short run, each and every unit produced can be sold at the market price; therefore, price is also demand and marginal revenue.

Question 5

The CPU includes all of the following except
A. ALU.
B. RAM.
C. Control unit.
D. All of the above are part of the CPU.

Answer 5

Ans., D All of the above

** ALU is part of CPU **

Question 6

Economic exchange risk.

Answer 6

derives from changes in currency exchange rates that alter the value of FUTURE revenues or costs.

Question 7

Transaction exchange risk

Answer 7

derives from the unfavorable impact of changes in currency exchange rates on balances from PRIOR transactions denominated in a foreign currency

Question 8

Decompisition

Answer 8

Decomposition is NOT a CAUSAL model approach to forecasting. Decomposition is the removal of the effects of various patterns from a set of time series data.