Chapter 2 MCQ Flashcards
An example of an Internet service provider is:
a) General Electric
b) AOL
c) PeachTree
d) ISP
e) none of these
B
Another name for an Internet domain address is its:
a) URL
b) ISP
c) email address
d) IETF
A
An example of a URL is:
a) .gov
b) 100.100.100.100
c) www.wiley.com
d) <b>Title</b>
C
In the Internet address www.Name.com.X, the term X usually stands for:
a) A country
b) A city
c) An abbreviation such as “gov”
d) A transmission protocol
A
Which of these is not a component of an IP address?
a) A geographic region
b) An organization number
c) A computer group
d) A specific computer number
e) A specific user number
E
This organization assigns the official registry of Internet domain names.
a) TCP
b) URL
c) ICANN
d) HTTP
C
An advantage of an extranet is that:
a) It can disseminate information corporate-wide
b) It can be accessed by selected trading partners
c) Users can employ common web browsers to access information in them
d) all of the above
D
The letter “p” in the acronym http stands for:
a) Page
b) Provider
c) Protocol
d) Parity
C
All of the following are normally associated with the Internet except:
a) IP addresses
b) URL addresses
c) http
d) MICR coding
D
These allow a user to access alternate web pages from an existing page:
a) Hyperlinks
b) Golf links
c) html titles
d) The XBRL tag <Web></Web>
A
This language allows its users to create web pages on the Internet:
a) HTTP
b) HTML
c) URL
d) COBOL
B
The “X” in the term XBRL stands for:
a) Extra
b) Extensible
c) X-rated
d) Exante
B
Which of the following is true about XBRL?
a) It is a business application of XML
b) It uses tags such as <b> like HTML
c) It is used by the SEC to collect and store financial information about companies
d) all of the above are true about XBRL</b>
D
One advantage of XBRL tags is that:
a) They always contain links to other web pages
b) Optional entries allow users to specify units of currency, such as Euros
c) They are now fixed standards
d) They cannot be used by hackers
B
IDEA is used by the Securities and Exchange Commission (SEC) to:
a) Store the financial data of public companies
b) Collect lists of bankrupt companies
c) Store the URL’s of member firms
d) Collect data on individuals victimized by identity theft hackers
A
All of the following are true about XBRL tags except:
a) Tags are “extensible”
b) Tags describe the data
c) Tags tell how to display data
d) Tags are now permanently standardized across industries
D
All of the following are benefits of XBRL except:
a) Companies can file financial information in one format, avoiding the errors that may come from reentering data multiple times
b) The SEC accepts XBRL-format for electronic filing of financial statement reports
c) XBRL permits the automatic and reliable exchange of financial information across many software formats and technologies, including the Internet
d) all of the above are benefits of XBRL
e) none of the above are benefits of XBRL
D
The “A” in the term IDEA (used by the SEC) stands for:
a) Accounting
b) Association
c) Addition
d) Applications
e) Access
D
Which of these is not an advantage of XBRL?
a) It often enables businesses to avoid rekeying data downloaded from corporate websites
b) It constrains companies to particular formats, thus ensuring consistency
c) It helps standardize the storage and therefore presentation of financial information
d) all of these are advantages of XBRL
B
Which of these is the official website of the XBRL International Consortium?
a) www.xbrl.com
b) www.xbrl.org
c) www.xbrl.gov
d) www.xbrlic.com
B
Which of these best describes the current state of XBRL?
a) It now lacks standards, but the hope is that we will get some soon
b) The language is completely standardized
c) The language is dynamic and standards are still being developed
d) The language now awaits official sanction by the United Nations before being released for use
C
Retail sales on the Internet:
a) Are growing rapidly
b) Were growing at first, but are now declining
c) Are not possible on the Internet
d) Have only been achieved by major retailers such as Wal-Mart
A
All of these are business advantages of social media except:
a) Increase organization recognition
b) Evaluate customer reactions to new goods or services
c) Enable accountants to communicate with one another on projects
d) Manage strong reactions to firm missteps early
e) all of these are business advantages of social media
E
Which of these best describes a firm’s use of social media for monitoring employees?
a) It is illegal
b) It is legal but rarely done
c) It enables companies to identify employees with undesirable traits
d) It is a required practice that is required by most worker unions
C
This company is one of the largest “auction houses” on the web
a) Wal-Mart
b) Sears, Roebuck
c) eBay
d) Forester
C