Sept 27 Flashcards
3 basic measurements used by theory of constraints are…3
1 throughput
2 inventory
3 operational expense
Which type of product is it appropriate for the seller to accept any price that exceeds the storage and delivery costs for the product?
Byproduct
The linked list form of file organization is characterized by which of the following…
Pointer field
A software tool used for ad hoc, online access to items in a database would most likely be…
A query utility program
Mutual interdependence relates to e fact that the outcome of pricing decisions in an oligopoly is dependent upon…
Reactions of organization’s rivals
ROI relies on financial measures that are capable of being independently verified, while other forms of performance measures are subject to manipulation is…
An incorrect statement
Disaster recovery plan for a firm’s data processing function should categorize systems according to their…
Priority
A plotter is…
Not an input device
What improvement initiative can be implemented to bring lumber usage back to 80%?
Lean production
What should be examined to determine if an information system is operating according to prescribed procedures?
System control
In relation to the balance of trade, all international transactions involving the purchase or sale of physical products between domestic and foreign countries are reflected in…
Trade balance in the current account
Failure to completely define the program specification blocks prevents e application program from accessing or changing data, resulting in…
Incomplete processing
Relevance of a particular cost to a decision is determined by the…
Potential effect on the decision
Annual Accrual accounting income equation
Annual accrual accounting income =
annual saving - depreciation
Accrual accounting rate of return =
Accrual accounting rate of return =
Accrual accounting income/investment
A compiler is…
Program that converts high level programming language into machine language
Why would a firm generally choose to finance temporary assets with short term debt?
Matching maturities of assets and liabilities reduces risk
A network of computers located throughout an organization’s different facilities and linked to a centralized computer to fulfill information processing needs is called…
Distributed data processing
Globalization suggests that firm’s need to take a serious look at the variety of implications of globalization for business strategies, among the major factors that need to be considered are…
Need for scenario planning
The proper discount rate to use in calculating certainty equivalent net present value is the…
Risk free rate
Bank reserves would be decreased by…
A sale of government securities by the Federal Reserve
The internal rate of return is the cost of capital percentage at which…
The net present value crosses the horizontal axis
Calculate total equivalent units of production under FIFO 4
Work to complete BWIP
+ Units started
- work to complete EWIP
= equivalent units FIFO
If real interest rates are the same, the country with the higher nominal interest rate is expected to…
Experience a higher rate of inflation
A higher rate of inflation is associated with a devaluing currency, so the currency of the country with the higher nominal interest rate will likely be selling at a…
Forward discount
What is the major advantage of a zero balance account system?
It maximizes the float involved in cash disbursements
What is the market rate of interest on s one year US Treasury bill?
3%
Which of the following inputs would be most beneficial to consider when management is developing the capital budget?
Profit center equipment requests
Invested assets equation
Invested assets = sales/asset turnover
Which of the following is a characteristic of a flexible budget?
Provides budgeted numbers for various activity levels
A tool which indicates how frequently each type of defect occurs is a…
Pareto diagram
Individuals that monitor controls are referred to as…
Evaluators
Which of the following components of internal control are characterized by ongoing activities and separate evaluations?
Monitoring
In a lock box system by sending payments directly to the financial institution…
Collection float is minimized
