BEC-Information Systems and Communication Flashcards
An example of a tool used by an Applications Programmer
Program Flowchart
The best definition of computer hardware would be
physical computer equipment
hardware maintenance is done during
Downtime when the computer is not functioning; this may be scheduled or unscheduled. -
CPU is an abbreviation for
Central Processing Unit
Is a primary hardware component where the actual processing of data occurs.
Central Processing Unit
The CPU includes
primary storage, a control unit and an arithmetic/logic unit.
The best definition of the primary storage of the CPU is
The temporary main memory portion of the CPU that holds the program, data and results during processing -
The function of the control unit of the CPU is to
Control and directs the operation of the computer by reading or interpreting the program instructions and directing the computer in the execution of those instructions
The arithmetic/logic unit of the CPU:
Is the circuirty that performs the arithmetic calculations and logical operations
The primary storage is the temporary main memory portion of the CPU consisting
of both RAM (Random Access Memory) and ROM (Read Only Memory)
Forms of procedural languages are:
FORTRAN, COBOL and BASIC
A third generation language that allows programmers to concentrate on the procedures and functions of the programs is
Procedural languages
FORTRAN (FORMula TRANslation) was designed for
scientific purposes
COBOL (Common Business Oriented Language) was designed for
business operations
BASIC (Beginner All purpose Symbolic Instruction Code) was designed for
educational purposes
A patch is
a change or modification to an existing program
manages and schedules application programs and system functions
The Operating System (O/S)
What are examples of Operating System(O/S)
Windows, Unix and Linus, MVS and DOS
is a command language that initiates programs, specifies processing priorities, running sequences, databases used and files used
Job Control Language or JCL
designed to perform a specific process or series of tasks.
An application programmer
the best explanation of an enterprise resource planning system or ERP?
It is an attempt to consolidate all of a company’s departments and functions into a single computer system that services each department’s individual needs through the use of a common database -
In information technology, what is a LAN?
A computer network within a single building or relatively small geographic area.
Computer software designed to help humans make decisions
Artificial intelligence
What is the purpose of Extensive Business Reporting Language (XBRL)?
it allows organizations to exchange business information over the World Wide Web
An agreement between two or more organizations with comparable computing requirements to assist each other in the event of a disaster is a:
Reciprocal agreement
Best describes an internal site for disaster recovery
The organization’s site or intranet
lists of requirements pertain to a disaster recovery and business continuity plan
Priorities, insurance, backup approach, specific assignments, period testing and updating, and documentation
Prioritization in a disaster recovery and business continuity plan refers to
Which applications are the most critical
A disaster recovery and business continuity plan should include
Specific assignments for personnel who are familiar with the plan and their responsibilities
The best backup facility option in a disaster recovery and business continuity plan is
A combination of the hot site, cold site, reciprocal agreement and internal site
is in a separate location from the company’s data center and has all of the hardware and software needed to begin operations
A hot site
Information systems process data and transactions within a business organization. These actions include
- Collecting and entering transactions and data
- Processing data and providing users with the information that they need to run the business
- Controlling the process and data
an advantage of computer systems over manual processing
Elimination of computational errors and errors processing routine transactions -
Two general types of computer processing systems are:
Transaction processing and management reporting
What is the difference between on-line real time and direct access processing
There is no difference. They are interchangeable
The definition of a data warehouse is:
An integrated collection of data used for reporting and analysis to support management decisions -
The process of data mining includes:
The use of complicated statistical and graphical processes and structured approaches to manipulate data
A group of eight digits (0 or 1) that is treated as a single unit is the definition of
Byte
What two distinct functions involve the Information Systems Department?
Systems development and data processing
responsibilities are segregated functions.
Systems development and data processing
IT functions is responsible for the user environment and requirements?
Systems Analyst
Who is responsible for implementing, debugging and modifying system software?
Systems Programmer
Who is responsible for writing testing and debugging applications software?
The Applications Programmer
Who is responsible for restricting access to the database?
The Database Administrator or DBA
Who is generally responsible for providing applications specifications to the Applications Programmer? `
Systems Analyst
generally responsible for the daily computer operations
The Operator
should maintain documentation as to the details of an applications program?
The Applications Programmer
Help desks are usually a responsibility of what function?
Operations
Entity Relationship Diagrams that illustrate
the system’s key entities and the relationships among those entities
Data Flow Diagrams
illustrate the system components and functions, data flows among the components and sources, destinations and storage of the data
design provides many opportunities to reexamine business processes, as this type of system is an enterprise-wide computerized system that connects all areas within an organization.
ERP systems
Method by which to allocate joint costs
- Relative Sales Value
- Relative weight,volume, or linear measure
- Average unit cost
Identification of inputs and output occur in what stage
System Analysis
Varies directly with price
The quantity supplied
Varies indirectly with price
The quantity demanded
Balance scorecard focus on long and NOT
short-term goals
An equilibrium price can be disrupted by any change in
the supply and/or the demand curver
Data Processing has the same meaning as what processing methodology
Electronic Data Processing
Timeliness information is an advantage of
Real time processing
Responsible for writing and/or maintaining application programs,handles the testing, preparation of computer operator instructions:
Application Programmer
Responsible for Assigning initial passwords
Security Administrator
What are the two systems administrator
Database & Network Administrator
Responsible for the actual database software
Database Administrator
A report that does not currently exist but that needs to be created on demand without having to get a software developer involved is
Ad hoc Report
Designed the overall application system and decide what type of computer network is needed
System Analyst
What is the proper sequence of events for Accounting Information System
- Source Document
- File (original paper)
- Journal
- Ledger
- Trail Balance
- Financial Statement
act as the price floor and price ceiling in the transfer pricing decision
Price Floor: Opportunity Cost Plus Outlay Costs; Price Ceiling: Market Price
The security market line (SML) graphs the relationship between
Expected return and systematic risk (beta)
Business forecasting methods generally fall into categories that include
- Methods based on observed relationships
- Methods based on historical data
- Methods based on predictions of customer behavior
Business forecasting methods that is based on predictions of customer behavior.
Markov techniques and polling
Business forecasting methods that is based on historical data.
Moving average and exponential smoothing methods
Business forecasting analysis based on observed relationships.
Regression analysis, ranging from a simple high-low method to multiple regression analysis
The SEC has certain rules that permit the private placement of securities. These rules allow the sale of securities with only a limited amount of registration and disclosure information which will save the company money. - See more at: http://www.cpareviewforfree.com/exams.cfm?name=question&test_id=2968971#sthash.by4xsg26.dpuf
Private Placement
often involves benchmarking best practices and should be in line with the firm’s overall strategy.
Process reengineering
project manager is responsible for
managing the project, including its scope, to ensure that it remains aligned with the objectives of the project.
Breakeven analysis assumes that over the relevant range:
Unit Variable costs are unchanged
An example of collusive pricing
when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount
Everything else equal, what is the consequence of an increase in the $/euro rate?
The $ has depreciated and European exports to the U.S. are now more expensive.
Interest and dividends received in the U.S. from investments abroad represents
A credit in the current account
An example of collusive pricing
when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount
Everything else equal, what is the consequence of an increase in the $/euro rate?
The $ has depreciated and European exports to the U.S. are now more expensive.
Interest and dividends received in the U.S. from investments abroad represents
A credit in the current account
An example of collusive pricing
when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount
Everything else equal, what is the consequence of an increase in the $/euro rate?
The $ has depreciated and European exports to the U.S. are now more expensive.
Interest and dividends received in the U.S. from investments abroad represents
A credit in the current account
An example of collusive pricing
when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount
Everything else equal, what is the consequence of an increase in the $/euro rate?
The $ has depreciated and European exports to the U.S. are now more expensive.
Interest and dividends received in the U.S. from investments abroad represents
A credit in the current account
Evidence of a chronic balance of payments deficit is:
Diminishing reserves of foreign currencies
Computers located throughout an organization’s different remote facilities that are networked to fulfill information processing needs are referred to as:
Distributed Data Processing
Expansionary fiscal policy is so named because it:
Is designed to expand real GDP
What is an appropriate fiscal policy for a severe recession?
A decrease in tax rate
Three types of control implications are:
- Require applications to be adequately tested before use 2.backup of files
- controlling access to appropriate users
Refers to management’s ability to anticipate all such problems and resolve them or prevent them before they can occur.
Risk assessment
In looking at a system and its internal control, what is meant by monitoring?
The process that assesses the quality of internal control performance over time
