BEC Review

Question 1

Cyber breaches are:

Answer 1

Inevitable

Question 2

Management uses a number of techniques to achieve its strategies. The balanced scorecard is primarily designed to

Answer 2

Measure performance

Question 3

Which of the following is the primary advantage of using a value-added network (VAN)?

Answer 3

It provides increased security for data transmissions.

Question 4

A strategy initiative in the balanced scorecard framework is

Answer 4

A key action program required to achieve strategic objectives.

Question 5

Adjusting journal entries are often the responsibility of

Answer 5

The controller

Question 6

Which of the following procedures would enhance the control of a computer operations department?

Answer 6

I. Periodic rotation of operators.
II. Mandatory vacations.
III. Controlled access to the facility.
IV. Segregation of personnel who are responsible for controlling input and output.

Question 7

In a job-order cost system, the use of indirect materials would usually be reflected in the general ledger as an increase in

Answer 7

Factory overhead control

Question 8

SnowDrift Ski Resorts has many celebrity visitors. At a recent meeting, the CIO presented a plan to ensure the complete privacy of all visitors, including compliance with relevant laws and regulations related to privacy. This plan is likely to also be found in a (an)

Answer 8

Regulatory compliance policy

Question 9

Winthrop P. Snigledorf pays his employees in bitcoins to avoid paying payroll taxes and so that his employees don’t have to pay income taxes on these earnings. Which of the following is an accurate assessment of these actions?

Answer 9

Winthrop is incorrect—both payroll taxes and income taxes must be paid on these earnings.

Question 10

Which of the following is not a limitation on the use of ROI as a performance measure?

Answer 10

It is unrelated to shareholder value.

Question 11

A manufacturing company properly classifies and accounts for one product as a by-product rather than as a main product because it

Answer 11

Has low sales value when compared to the main products. Product with no sales value is scrap.

Question 12

Under these circumstances, for products exchanged between divisions, the transfer price that will generally lead to optimal decisions for the manufacturing company would be a transfer price equal to the

Answer 12

Market price of product

Question 13

Botnet

Answer 13

Zombie computer used in DoS attacks

Question 14

Machine language program that results when a symbolic language program is translated is called:

Answer 14

Object program (machine readable program) whereas a symbolic language program is readable by humans.

Question 15

Advantage of zero balance account system?

Answer 15

Maximizes float in cash dispursememts

Question 16

Banker’s acceptance

Answer 16

Time draft payable on a specified date and guaranteed by the bank.

Question 17

Ability to add or update documentation in data dictionaries should be restricted to:

Answer 17

Database administrators

Question 18

Primary disadvantage of ROI vs RI?

Answer 18

ROI may lead to rejecting projects that yield positive cash flows.

Question 19

Type of documentation useful for maintaining software:

Answer 19

Program documentation

Question 20

Computer as target

Answer 20

Use computer to deny other’s access (DoS attacks)

Question 21

Computer as subject

Answer 21

Use computers on network to get to other computers (malware)

Question 22

Computer as tool

Answer 22

To gain access to data/resources (phishing, key loggers)

Question 23

Computer as symbol and user as target

Answer 23

Deceives user to obtain information

Question 24

What would be hash total for payroll application?

Answer 24

Department numbers- hash totals have no meaning other than to prove complete batch has been processed

Question 25

To prevent interrupted information systems operation, which of the following controls are included in disaster recover plan?

Answer 25

Backup and downtime controls

Question 26

Strategy map in balanced scorecard framework is:

Answer 26

Diagram of cause and effect relationships among strategic objectives.

Question 27

Serial bonds

Answer 27

Mature in installments

Question 28

Term bonds

Answer 28

Mature on a single date

Question 29

In COBIT model BLANK is example of information criterion and BLANK is example of IT resource.

Answer 29

Standards for user response times, network structure

Question 30

The machine language for a specific computer

Answer 30

Is determined by engineers who designed computer, languages differ among computers and programs

Question 31

Which of the following steps in the accounting cycle comes after preparing financial statements?

Answer 31

Prepare post-closing trial balance.

Question 32

Material efficiency variance is responsibility of

Answer 32

Production and industrial engineering