Mod 47 Quiz Flashcards
Accrual rate of accounting, calculate for a $100,000 investment with a $30,000 return and $5,000/ year of depreciation
25% = ($30,000 - $5,000)/$100,000
In a continuous improvement environment, automated monitoring of controls is…
Optional
A ratio that examines the percentage change in earnings available to common stockholders that is associated with a given percentage change in earnings before interest and taxes is a measure of…
Degree of financial leverage
Economic profit equals
Explicit and implicit gains and losses
A key component of database processing is a database management system (DBMS), running application programs is…
Not performed by DBMS
The use of activity based costing (in comparison to traditional cost system) normally results in…
Greater unit costs for low volume products
Only credit worthy firms can issue…
Commercial paper
Which of the following items is one of the 8 components of COSO’s enterprise risk management framework?
Monitoring
An American importer expects to pay a British supplier 500,000 British pounds in 3 months. Which of the following hedges is best for the importer to fix the price in dollars?
Buying British pound call options
COBIT provides framework for…
Management of enterprise IT
The organization evaluates and communicates internal control deficiencies in a timely manner is a…2
Principle of monitoring component
Not risk assessment component
