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Yaegar BEC > Sept 27 > Flashcards

Sept 27 Flashcards

1
Q

3 basic measurements used by theory of constraints are…3

A

1 throughput

2 inventory

3 operational expense

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2
Q

Which type of product is it appropriate for the seller to accept any price that exceeds the storage and delivery costs for the product?

A

Byproduct

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3
Q

The linked list form of file organization is characterized by which of the following…

A

Pointer field

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4
Q

A software tool used for ad hoc, online access to items in a database would most likely be…

A

A query utility program

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5
Q

Mutual interdependence relates to e fact that the outcome of pricing decisions in an oligopoly is dependent upon…

A

Reactions of organization’s rivals

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6
Q

ROI relies on financial measures that are capable of being independently verified, while other forms of performance measures are subject to manipulation is…

A

An incorrect statement

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7
Q

Disaster recovery plan for a firm’s data processing function should categorize systems according to their…

A

Priority

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8
Q

A plotter is…

A

Not an input device

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9
Q

What improvement initiative can be implemented to bring lumber usage back to 80%?

A

Lean production

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10
Q

What should be examined to determine if an information system is operating according to prescribed procedures?

A

System control

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11
Q

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…

A

Trade balance in the current account

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12
Q

Failure to completely define the program specification blocks prevents e application program from accessing or changing data, resulting in…

A

Incomplete processing

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13
Q

Relevance of a particular cost to a decision is determined by the…

A

Potential effect on the decision

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14
Q

Annual Accrual accounting income equation

A

Annual accrual accounting income =

annual saving - depreciation

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15
Q

Accrual accounting rate of return =

A

Accrual accounting rate of return =

Accrual accounting income/investment

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16
Q

A compiler is…

A

Program that converts high level programming language into machine language

17
Q

Why would a firm generally choose to finance temporary assets with short term debt?

A

Matching maturities of assets and liabilities reduces risk

18
Q

A network of computers located throughout an organization’s different facilities and linked to a centralized computer to fulfill information processing needs is called…

A

Distributed data processing

19
Q

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…

A

Need for scenario planning

20
Q

The proper discount rate to use in calculating certainty equivalent net present value is the…

A

Risk free rate

21
Q

Bank reserves would be decreased by…

A

A sale of government securities by the Federal Reserve

22
Q

The internal rate of return is the cost of capital percentage at which…

A

The net present value crosses the horizontal axis

23
Q

Calculate total equivalent units of production under FIFO 4

A

Work to complete BWIP
+ Units started
- work to complete EWIP
= equivalent units FIFO

24
Q

If real interest rates are the same, the country with the higher nominal interest rate is expected to…

A

Experience a higher rate of inflation

25
Q

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…

A

Forward discount

26
Q

What is the major advantage of a zero balance account system?

A

It maximizes the float involved in cash disbursements

27
Q

What is the market rate of interest on s one year US Treasury bill?

A

3%

28
Q

Which of the following inputs would be most beneficial to consider when management is developing the capital budget?

A

Profit center equipment requests

29
Q

Invested assets equation

A

Invested assets = sales/asset turnover

30
Q

Which of the following is a characteristic of a flexible budget?

A

Provides budgeted numbers for various activity levels

31
Q

A tool which indicates how frequently each type of defect occurs is a…

A

Pareto diagram

32
Q

Individuals that monitor controls are referred to as…

A

Evaluators

33
Q

Which of the following components of internal control are characterized by ongoing activities and separate evaluations?

A

Monitoring

34
Q

In a lock box system by sending payments directly to the financial institution…

A

Collection float is minimized

Yaegar BEC (30 decks)

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