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BEC CPA Exam > BEC-Information Systems and Communication > Flashcards

BEC-Information Systems and Communication Flashcards

1
Q

An example of a tool used by an Applications Programmer

A

Program Flowchart

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2
Q

The best definition of computer hardware would be

A

physical computer equipment

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3
Q

hardware maintenance is done during

A

Downtime when the computer is not functioning; this may be scheduled or unscheduled. -

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4
Q

CPU is an abbreviation for

A

Central Processing Unit

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5
Q

Is a primary hardware component where the actual processing of data occurs.

A

Central Processing Unit

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6
Q

The CPU includes

A

primary storage, a control unit and an arithmetic/logic unit.

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7
Q

The best definition of the primary storage of the CPU is

A

The temporary main memory portion of the CPU that holds the program, data and results during processing -

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8
Q

The function of the control unit of the CPU is to

A

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

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9
Q

The arithmetic/logic unit of the CPU:

A

Is the circuirty that performs the arithmetic calculations and logical operations

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10
Q

The primary storage is the temporary main memory portion of the CPU consisting

A

of both RAM (Random Access Memory) and ROM (Read Only Memory)

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11
Q

Forms of procedural languages are:

A

FORTRAN, COBOL and BASIC

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12
Q

A third generation language that allows programmers to concentrate on the procedures and functions of the programs is

A

Procedural languages

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13
Q

FORTRAN (FORMula TRANslation) was designed for

A

scientific purposes

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14
Q

COBOL (Common Business Oriented Language) was designed for

A

business operations

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15
Q

BASIC (Beginner All purpose Symbolic Instruction Code) was designed for

A

educational purposes

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16
Q

A patch is

A

a change or modification to an existing program

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17
Q

manages and schedules application programs and system functions

A

The Operating System (O/S)

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18
Q

What are examples of Operating System(O/S)

A

Windows, Unix and Linus, MVS and DOS

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19
Q

is a command language that initiates programs, specifies processing priorities, running sequences, databases used and files used

A

Job Control Language or JCL

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20
Q

designed to perform a specific process or series of tasks.

A

An application programmer

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21
Q

the best explanation of an enterprise resource planning system or ERP?

A

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 -

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22
Q

In information technology, what is a LAN?

A

A computer network within a single building or relatively small geographic area.

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23
Q

Computer software designed to help humans make decisions

A

Artificial intelligence

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24
Q

What is the purpose of Extensive Business Reporting Language (XBRL)?

A

it allows organizations to exchange business information over the World Wide Web

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25
Q

An agreement between two or more organizations with comparable computing requirements to assist each other in the event of a disaster is a:

A

Reciprocal agreement

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26
Q

Best describes an internal site for disaster recovery

A

The organization’s site or intranet

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27
Q

lists of requirements pertain to a disaster recovery and business continuity plan

A

Priorities, insurance, backup approach, specific assignments, period testing and updating, and documentation

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28
Q

Prioritization in a disaster recovery and business continuity plan refers to

A

Which applications are the most critical

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29
Q

A disaster recovery and business continuity plan should include

A

Specific assignments for personnel who are familiar with the plan and their responsibilities

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30
Q

The best backup facility option in a disaster recovery and business continuity plan is

A

A combination of the hot site, cold site, reciprocal agreement and internal site

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31
Q

is in a separate location from the company’s data center and has all of the hardware and software needed to begin operations

A

A hot site

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32
Q

Information systems process data and transactions within a business organization. These actions include

A
  • 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
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33
Q

an advantage of computer systems over manual processing

A

Elimination of computational errors and errors processing routine transactions -

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34
Q

Two general types of computer processing systems are:

A

Transaction processing and management reporting

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35
Q

What is the difference between on-line real time and direct access processing

A

There is no difference. They are interchangeable

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36
Q

The definition of a data warehouse is:

A

An integrated collection of data used for reporting and analysis to support management decisions -

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37
Q

The process of data mining includes:

A

The use of complicated statistical and graphical processes and structured approaches to manipulate data

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38
Q

A group of eight digits (0 or 1) that is treated as a single unit is the definition of

A

Byte

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39
Q

What two distinct functions involve the Information Systems Department?

A

Systems development and data processing

40
Q

responsibilities are segregated functions.

A

Systems development and data processing

41
Q

IT functions is responsible for the user environment and requirements?

A

Systems Analyst

42
Q

Who is responsible for implementing, debugging and modifying system software?

A

Systems Programmer

43
Q

Who is responsible for writing testing and debugging applications software?

A

The Applications Programmer

44
Q

Who is responsible for restricting access to the database?

A

The Database Administrator or DBA

45
Q

Who is generally responsible for providing applications specifications to the Applications Programmer? `

A

Systems Analyst

46
Q

generally responsible for the daily computer operations

A

The Operator

47
Q

should maintain documentation as to the details of an applications program?

A

The Applications Programmer

48
Q

Help desks are usually a responsibility of what function?

A

Operations

49
Q

Entity Relationship Diagrams that illustrate

A

the system’s key entities and the relationships among those entities

50
Q

Data Flow Diagrams

A

illustrate the system components and functions, data flows among the components and sources, destinations and storage of the data

51
Q

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.

A

ERP systems

52
Q

Method by which to allocate joint costs

A
  1. Relative Sales Value
  2. Relative weight,volume, or linear measure
  3. Average unit cost
53
Q

Identification of inputs and output occur in what stage

A

System Analysis

54
Q

Varies directly with price

A

The quantity supplied

55
Q

Varies indirectly with price

A

The quantity demanded

56
Q

Balance scorecard focus on long and NOT

A

short-term goals

57
Q

An equilibrium price can be disrupted by any change in

A

the supply and/or the demand curver

58
Q

Data Processing has the same meaning as what processing methodology

A

Electronic Data Processing

59
Q

Timeliness information is an advantage of

A

Real time processing

60
Q

Responsible for writing and/or maintaining application programs,handles the testing, preparation of computer operator instructions:

A

Application Programmer

61
Q

Responsible for Assigning initial passwords

A

Security Administrator

62
Q

What are the two systems administrator

A

Database & Network Administrator

63
Q

Responsible for the actual database software

A

Database Administrator

64
Q

A report that does not currently exist but that needs to be created on demand without having to get a software developer involved is

A

Ad hoc Report

65
Q

Designed the overall application system and decide what type of computer network is needed

A

System Analyst

66
Q

What is the proper sequence of events for Accounting Information System

A
  1. Source Document
  2. File (original paper)
  3. Journal
  4. Ledger
  5. Trail Balance
  6. Financial Statement
67
Q

act as the price floor and price ceiling in the transfer pricing decision

A

Price Floor: Opportunity Cost Plus Outlay Costs; Price Ceiling: Market Price

68
Q

The security market line (SML) graphs the relationship between

A

Expected return and systematic risk (beta)

69
Q

Business forecasting methods generally fall into categories that include

A
  1. Methods based on observed relationships
  2. Methods based on historical data
  3. Methods based on predictions of customer behavior
70
Q

Business forecasting methods that is based on predictions of customer behavior.

A

Markov techniques and polling

71
Q

Business forecasting methods that is based on historical data.

A

Moving average and exponential smoothing methods

72
Q

Business forecasting analysis based on observed relationships.

A

Regression analysis, ranging from a simple high-low method to multiple regression analysis

73
Q

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

A

Private Placement

74
Q

often involves benchmarking best practices and should be in line with the firm’s overall strategy.

A

Process reengineering

75
Q

project manager is responsible for

A

managing the project, including its scope, to ensure that it remains aligned with the objectives of the project.

76
Q

Breakeven analysis assumes that over the relevant range:

A

Unit Variable costs are unchanged

77
Q

An example of collusive pricing

A

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

78
Q

Everything else equal, what is the consequence of an increase in the $/euro rate?

A

The $ has depreciated and European exports to the U.S. are now more expensive.

79
Q

Interest and dividends received in the U.S. from investments abroad represents

A

A credit in the current account

80
Q

An example of collusive pricing

A

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

81
Q

Everything else equal, what is the consequence of an increase in the $/euro rate?

A

The $ has depreciated and European exports to the U.S. are now more expensive.

82
Q

Interest and dividends received in the U.S. from investments abroad represents

A

A credit in the current account

83
Q

An example of collusive pricing

A

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

84
Q

Everything else equal, what is the consequence of an increase in the $/euro rate?

A

The $ has depreciated and European exports to the U.S. are now more expensive.

85
Q

Interest and dividends received in the U.S. from investments abroad represents

A

A credit in the current account

86
Q

An example of collusive pricing

A

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

87
Q

Everything else equal, what is the consequence of an increase in the $/euro rate?

A

The $ has depreciated and European exports to the U.S. are now more expensive.

88
Q

Interest and dividends received in the U.S. from investments abroad represents

A

A credit in the current account

89
Q

Evidence of a chronic balance of payments deficit is:

A

Diminishing reserves of foreign currencies

90
Q

Computers located throughout an organization’s different remote facilities that are networked to fulfill information processing needs are referred to as:

A

Distributed Data Processing

91
Q

Expansionary fiscal policy is so named because it:

A

Is designed to expand real GDP

92
Q

What is an appropriate fiscal policy for a severe recession?

A

A decrease in tax rate

93
Q

Three types of control implications are:

A
  1. Require applications to be adequately tested before use 2.backup of files
  2. controlling access to appropriate users
94
Q

Refers to management’s ability to anticipate all such problems and resolve them or prevent them before they can occur.

A

Risk assessment

95
Q

In looking at a system and its internal control, what is meant by monitoring?

A

The process that assesses the quality of internal control performance over time

BEC CPA Exam (6 decks)

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