BEC Review Flashcards
Cyber breaches are:
Inevitable
Management uses a number of techniques to achieve its strategies. The balanced scorecard is primarily designed to
Measure performance
Which of the following is the primary advantage of using a value-added network (VAN)?
It provides increased security for data transmissions.
A strategy initiative in the balanced scorecard framework is
A key action program required to achieve strategic objectives.
Adjusting journal entries are often the responsibility of
The controller
Which of the following procedures would enhance the control of a computer operations department?
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.
In a job-order cost system, the use of indirect materials would usually be reflected in the general ledger as an increase in
Factory overhead control
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)
Regulatory compliance policy
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?
Winthrop is incorrect—both payroll taxes and income taxes must be paid on these earnings.
Which of the following is not a limitation on the use of ROI as a performance measure?
It is unrelated to shareholder value.
A manufacturing company properly classifies and accounts for one product as a by-product rather than as a main product because it
Has low sales value when compared to the main products. Product with no sales value is scrap.
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
Market price of product
Botnet
Zombie computer used in DoS attacks
Machine language program that results when a symbolic language program is translated is called:
Object program (machine readable program) whereas a symbolic language program is readable by humans.
Advantage of zero balance account system?
Maximizes float in cash dispursememts
Banker’s acceptance
Time draft payable on a specified date and guaranteed by the bank.
Ability to add or update documentation in data dictionaries should be restricted to:
Database administrators
Primary disadvantage of ROI vs RI?
ROI may lead to rejecting projects that yield positive cash flows.
Type of documentation useful for maintaining software:
Program documentation
Computer as target
Use computer to deny other’s access (DoS attacks)
Computer as subject
Use computers on network to get to other computers (malware)
Computer as tool
To gain access to data/resources (phishing, key loggers)
Computer as symbol and user as target
Deceives user to obtain information
What would be hash total for payroll application?
Department numbers- hash totals have no meaning other than to prove complete batch has been processed
To prevent interrupted information systems operation, which of the following controls are included in disaster recover plan?
Backup and downtime controls
Strategy map in balanced scorecard framework is:
Diagram of cause and effect relationships among strategic objectives.
Serial bonds
Mature in installments
Term bonds
Mature on a single date
In COBIT model BLANK is example of information criterion and BLANK is example of IT resource.
Standards for user response times, network structure
The machine language for a specific computer
Is determined by engineers who designed computer, languages differ among computers and programs
Which of the following steps in the accounting cycle comes after preparing financial statements?
Prepare post-closing trial balance.
Material efficiency variance is responsibility of
Production and industrial engineering
