Wiley Excel Exam Flashcards
COSO definition of internal control considers control activities…
Component of internal control
What is in the denominator of return on investment?
Average investment
Which of the following risks can be minimized by requiring all employees accessing the information system to use passwords?
Firewall vulnerability
According to COSO, the use of ongoing and separate evaluations to evaluate the design and implementation of changes can best be accomplished in which of the the following stages of the monitoring for change continuum?
Change management
What is the role of the systems analyst in an IT environment? 3
1 designing systems
2 preparing specifications for programmers
3 serving as intermediary between users and programmers
Which of the following instruments of monetary policy is most important means by which money supply is controlled?
Open market operations
Today organizations are using microcomputers for data presentation because microcomputer use, compared to mainframe use is more…
Cost effective
What is the equation for not taking the discount, 2/10 net 50, 360 day year?
2/(98%) x (360/50-10)
The credit instrument known as a banker’s acceptance is a…
Time draft payable on specified date
And guaranteed by the bank
Which of the following is not a component of COSO’s enterprise risk management framework?
Risk elimination
Management has identified a relationship between customer satisfaction and return on investment. This relationship could be depicted in a…
Strategy map
A country with a higher nominal discount rate is selling at a…
Forward discount rate
