Go get em Tiger

Question 1

Who should be the only one to have the ability to update doc items in data dictionaries?

Answer 1

database administrators

Question 2

What is included in conversion costs

Answer 2

Direct Labor

OH

Question 3

What are Prime costs?

Answer 3

Direct Materials

Direct Labor

Question 4

How does one evaluate the sophistication of IT processes?

Answer 4

using a maturity model

Question 5

What does a put option give an owner the right to do?

Answer 5

sell a specific security at a fixed condition of price and time

Question 6

Hot site

Answer 6

equipped with redundant hardware and software that may be used quickly when the primary site goes down

Question 7

When erroneous data is detected by computer program controls, printed on error report. who should review and follow up on error report?

Answer 7

the control group - responsible for providing a continuous review function by supervising and monitoring input, operations, and the distribution of output.

Question 8

What is the most important means by which the money supply is controlled?

Answer 8

Open market operations - through bond sales and purchases. are flexible, cause prompt changes in bank reserves, and are more subtle than reserve ratio changes.

Question 9

Arbitrage pricing model involves a more precise measurement of what type of risk? What is it used for pricing?

Answer 9

systematic

C/S

Question 10

When a company heterogeneously consumes resources, what type of costing should be used?

Answer 10

ABC

Question 11

Reciprical allocation method

Answer 11

allocates service dept costs that best recognize the mutual services rendered to other service dept.

Question 12

What are appraisal costs?

Answer 12

costs used in testing and inspection, assoc with quality control.

Question 13

What is an advantage of serial bonds?

Answer 13

investors can choose the maturity that suits their financial needs

Question 14

What are exchange rates determined by?

Answer 14

supply and demand in the foreign exchange market

Question 15

a company that wants to be able to place material orders more efficiently would utilize

Answer 15

electronic data interchange, bc it electronically connects a company to its suppliers and customers

Question 16

Financial structure

Answer 16

Includes all liabilities and equity used to finance a firms assets.
Financial structure includes capital structure (plus current liabilties

Question 17

Capital structure

Answer 17

includes only long-term liabilities and shareholders equity.
does not include current liabilities(AP, short term notes,

Question 18

Debenture bonds

Answer 18

unsecured bonds.

more likely to have a higher coupon rate than comparable secured bonds

Question 19

Revolving credit agreement

Answer 19

formal legal commitment to extend credit up to some max. amount to a borrower over a stated period.

Question 20

Materials requirement planning

Answer 20

focuses on a set of procedures to determine inventory levels for demand-dependent inventory types such as WIP and raw materials. Inventories at every level in the process are maintained as a buffer against unexpected increases in demand.