Question: #1040

B444 mod06 Homework Assignment 6 Complete Solution

Question 1
The transaction cycle that includes the events of hiring employees and paying them is known as the
Answer
revenue cycle.
expenditure cycle.
human resources cycle.
financing cycle.
Question 2
Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of
Answer
relevancy.
timeliness.
understandability.
reliability.
Question 3
The primary objective of accounting is to
Answer
implement strong internal controls.
provide useful information to decision makers.
prepare financial statements.
ensure the profitability of an organization
Question 4
The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle?
Answer
the revenue cycle
the payroll cycle
the production cycle
the financing cycle
Question 5
Information that is free from error or bias and accurately represents the events or activities of the organization is
Answer
relevant.
reliable.
verifiable.
timely
Question 6
Hector Sanchez works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company's
Answer
revenue cycle.
expenditure cycle.
financing cycle.
production cycle
Question 7
An audit trail
Answer
provides the means to check the accuracy and validity of ledger postings.
begins with the general journal.
is automatically created in every computer-based information system.
is a summary of recorded transactions
Question 8
What usually initiates data input into a system?
Answer
The transaction system automatically checks each hour to see if any new data is available for input and processing.
The performance of some business activity generally serves as the trigger for data input.
A general ledger program is queried to produce a trial balance at the end of an accounting period.
Data is only input when a source document is submitted to the accounting department
Question 9
The general ledger account that corresponds to a subsidiary ledger account is known as a
Answer
dependent account.
attribute account.
entity account.
control account.
Question 10
The efficiency of recording numerous business transactions can be best improved by the use of
Answer
prenumbered source documents.
specialized journals.
posting references.
subsidiary ledgers
Question 11
Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to document the existing accounting information system, and focus on the activities and flow of data between activities. He decides to begin with a summary description of the sources and uses of data in the organization and how they are processed by the system. The documentation tool that he should employ for this purpose is a
Answer
data flow diagram.
document flowchart.
system flowchart.
program flowchart.
Question 12
In general, a data destination will be shown by
Answer
an arrow pointing away.
an arrow pointing in.
arrows pointing both ways.
no arrows, only two horizontal lines.
Question 13
A data flow diagram
Answer
is a graphical description of the source and destination of data that shows how data flow within an organization.
is a graphical description of the flow of documents and information between departments or areas of responsibility.
is a graphical description of the relationship among the input, processing, and output in an information system.
is a graphical description of the sequence of logical operations that a computer performs as it executes a program
Question 14
A flowchart that depicts the relationships among the input, processing, and output of an AIS is
Answer
an internal control flowchart.
a document flowchart.
a system flowchart.
a program flowchart.
Question 15

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the transfer of data to eBay in a context diagram of this process?
Answer

A) rectangle
B) circle
C) arrow up and right
D) parallel horizontal lines

Question 16
The ________ handles the link between the way data are physically stored and each user's logical view of that data.
Answer
data warehouse
data dictionary
database management (DBMS) software
schema
Question 17
The logical structure of a database is described by the
Answer
data dictionary.
schema.
database management system.
internal level.
Question 18
The database requirement that foreign keys must be null or have a value corresponding to the value of a primary key in another table is formally called the
Answer
entity integrity rule.
referential integrity rule.
rule of keys.
foreign key rule
Question 19
A set of individual user views of the database is called the
Answer
conceptual-level schema.
internal-level schema.
external-level schema.
meta-schema.
Question 20
Inability to add new data to a database without violating the basic integrity of the database is referred to as the
Answer
update anomaly.
insert anomaly.
integrity anomaly.
delete anomaly.
Question 21
The US Justice Department defines computer fraud as
Answer
any crime in which a computer is used.
an illegal act in which knowledge of computer technology is essential.
any act in which cash is stolen using a computer.
an illegal act in which a computer is an integral part of the crime
Question 22
Which of the following is the greatest risk to information systems and causes the greatest dollar losses?
Answer
human errors and omissions
physical threats such as natural disasters
dishonest employees
fraud and embezzlement
Question 23
The most efficient way to conceal asset misappropriation is to
Answer
write-off a customer receivable as bad debt.
alter monthly bank statements before reconciliation.
alter monthly physical inventory counts to reconcile to perpetual inventory records.
record phony payments to vendors.
Question 24
Most fraud perpetrators are insiders because
Answer
insiders are more dishonest than outsiders.
insiders know more about the system and its weaknesses than outsiders.
outsiders are more likely to get caught than insiders.
insiders have more need for money than outsiders
Question 25
The simplest and most common way to commit a computer fraud is to
Answer
alter computer input.
alter computer output.
modify the processing.
corrupt the database
Question 26
Telefarm Industries is a telemarketing firm that operates in the Midwest. The turnover rate among employees is quite high. Recently, the information technology manager discovered that an unknown employee had used a Bluetooth-enabled mobile phone to access the firm's database and copy a list of customers from the past three years that included credit card information. Telefarm was a victim of
Answer
Bluesnarfing.
splogging.
vishing.
typosquatting.
Question 27
Illegally obtaining and using confidential information about a person for economic gain is known as
Answer
eavesdropping.
identity theft.
packet sniffing.
piggybacking.
Question 28
A fraud technique that slices off tiny amounts from many projects is called the ________ technique.
Answer
Trojan horse
round down
salami
trap door
Question 29
Computer fraud perpetrators that modify programs during systems development, allowing access into the system that bypasses normal system controls are using
Answer
a Trojan horse.
a trap door.
the salami technique.
superzapping.
Question 30
Which of the following is the easiest method for a computer criminal to steal output without ever being on the premises?
Answer
dumpster diving
by use of a Trojan horse
using a telescope to peer at paper reports
electronic eavesdropping on computer monitors
Question 31
What is one reason why AIS threats are increasing?
Answer
LANs and client/server systems are easier to control than centralized, mainframe systems.
Many companies do not realize that data security is crucial to their survival.
Computer control problems are often overestimated and overly emphasized by management.
Many companies believe that protecting information is a strategic requirement.
Question 32
The SEC and FASB are best described as external influences that directly affect an organization's
Answer
hiring practices.
philosophy and operating style.
internal environment.
methods of assigning authority
Question 33
According to the ERM, these objectives help ensure the accuracy, completeness and reliability of internal and external company reports.
Answer
Compliance objectives
Operations objectives
Reporting objectives
Strategic objectives
Question 34
According to the ERM, these deal with the effectiveness and efficiency of company operations, such as performance and profitability goals.
Answer
Compliance objectives
Operations objectives
Reporting objectives
Strategic objectives
Question 35
When undertaking risk assessment, the expected loss is calculated like this.
Answer
Impact times expected loss
Impact times likelihood
Inherent risk times likelihood
Residual risk times likelihood
Question 36
Compatibility tests utilize a(n) ________, which is a list of authorized users, programs, and data files the users are authorized to access or manipulate.
Answer
validity test
biometric matrix
logical control matrix
access control matrix
Question 37
In 2007, a major U.S. financial institution hired a security firm to attempt to compromise its computer network. A week later, the firm reported that it had successfully entered the system without apparent detection and presented an analysis of the vulnerabilities that had been found. This is an example of a
Answer
preventive control.
detective control.
corrective control.
standard control
Question 38
The process that allows a firewall to be more effective by examining the data in the body of an IP packet, instead of just the header, is known as
Answer
deep packet inspection.
stateful packet filtering.
static packet filtering.
an intrusion prevention system
Question 39
This protocol specifies the procedures for dividing files and documents into packets to be sent over the Internet.
Answer
Access control list
Internet protocol
Packet switching protocol
Transmission control protocol
Question 40
A special purpose hardware device or software running on a general purpose computer, which filters information that is allowed to enter and leave the organization's information system, is known as a(n)
Answer
demilitarized zone.
intrusion detection system.
intrusion prevention system.
firewall.
Question 41
Jeff Davis took a call from a client. "Jeff, I need to interact online and real time with our affiliate in India, and I want to make sure that our communications aren't intercepted. What do you suggest?" Jeff responded "The best solution will be to implement
Answer
a virtual private network."
a private cloud environment."
an asymmetric encryption system with digital signatures."
multifactor authentication
Question 42
On March 3, 2008, a laptop computer belonging to Folding Squid Technology was stolen from the trunk of Jiao Jan's car while he was attending a conference in Cleveland, Ohio. After reporting the theft, Jiao considered the implications of the theft for the company's network security and concluded there was nothing to worry about because
Answer
the computer was protected by a password.
the computer was insured against theft.
it was unlikely that the thief would know how to access the company data stored on the computer.
the data stored on the computer was encrypted
Question 43
One way to circumvent the counterfeiting of public keys is by using
Answer
a digital certificate.
digital authority.
encryption.
cryptography
Question 44
An electronic document that certifies the identity of the owner of a particular public key.
Answer
Asymmetric encryption
Digital certificate
Digital signature
Public key
Question 45
Which of the following descriptions is not associated with symmetric encryption?
Answer
A shared secret key
Faster encryption
Lack of authentication
Separate keys for each communication party
Question 46
This tests a numerical amount to ensure that it does not exceed a predetermined value.
Answer
Completeness check
Limit check
Range check
Sign check
Question 47
User reviews are an example of a(n)
Answer
data entry control.
data transmission control.
output control.
processing control
Question 48
A copy of a database, master file, or software that will be retained indefinitely as a historical record is known as a(n)
Answer

archive.
cloud computing.
differential backup.
incremental backup
Question 49
This determines the correctness of the logical relationship between two data items.
Answer
Range check
Reasonableness test
Sign check
Size check
Question 50
When I enter a correct customer number, the data entry screen displays the customer name and address. This is an example of
Answer
prompting.
preformatting.
closed-loop verification.
error checking.
Version 2
Question 1
Refer to the chart above. At what point, measured in terms of the net cost of information, does information overload begin?
Answer
0
5
10
12
Question 2
Which of the following statements below shows the contrast between data and information?
Answer
Data is the output of an AIS.
Information is the primary output of an AIS.
Data is more useful in decision-making than information.
Data and information are the same
Question 3
The primary objective of accounting is to
Answer
implement strong internal controls.
provide useful information to decision makers.
prepare financial statements.
ensure the profitability of an organization

 

Solution: #1044

B444 mod06 Homework Assignment 6 Complete Solution

Among Values (Degree of Freedom)
Df(A)
= k – 1
= 4 – 1
= 3
3)
What is the SST?
SST = SSA + SSW
    = 74569.12 + (MSW*dfW)
    = 74569.12 + (4367.7...

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