M06 quiz
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School
Ivy Tech Community College, Indianapolis *
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Course
101
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
8
Uploaded by CaptainFire13129
M06 quiz
Which of the following ratios evaluates management's use of resources?
A.
Profitability
B.
Activity
C.
Equity
D.
Short-term solvency
E.
Long-term solvency
Which of the following modifies traditional networks by adding an external component that replaces functions performed by an application server?
A.
Data warehousing
B.
Local area networks
C.
Application software
D.
VSAT communications
E.
Cloud computing
What is used to provide privacy protection on a wireless wide area network?
A.
Data warehousing
B.
Groupware
C.
Data mining
D.
WiMax
E.
Firewalls
Which of the following terms refers to the recording of financial transactions?
A.
Auditing
B.
Budgeting
C.
Bookkeeping Which of the following is the difference between revenues and the cost of revenues?
Which of the following is the difference between revenues and the cost of revenues?
A.
Accounts payable
B.
Interest expense
C.
Net income
D.
Cash flow
E.
Gross profit
Which organization provides maintains and enforces the ethical conduct for public accountants?
A.
CMA
B.
FASB
C.
AICPA
D.
GAAP
E.
SEC
Which type of IT threat can spread without a computer user needing to open any software?
A.
Spam
B.
Spyware
C.
Worms
D.
Computer viruses
E.
Trojan horses
Which of the following terms refers to any economic resource that is expected to benefit a firm or individual who owns it?
A.
Equity
B.
Asset
C.
Liability
D.
Deposit
E.
Account
Which of the following accesses a user's files and transmits information to someone outside the host system without the user ever being aware it happened?
A.
Spyware
B.
Antivirus software
C.
Spam
D.
Encryption
E.
Phishing
Who most often uses information and knowledge at the core of their work? A.
Board of directors
B.
Top-level managers
C.
Network administrators
D.
Knowledge workers
E.
Middle managers
Which of the following represents the amount earned by an organization that was not distributed to stockholders?
A.
Revenue
B.
Profit
C.
Retained earnings
D.
Intangible assets
E.
Net income
A _______ is an interactive system that creates virtual business models for a particular kind of decision and tests them with different data to see how they respond.
A.
Wireless wide area network (WWAN)
B.
management information system (MIS)
C.
super Wi-Fi network
D.
decision support system
(DSS)
E.
knowledge management system
Which of the following allows knowledge workers to create, store, use, and share new information for useful applications?
A.
Computer-aided manufacturing systems
B.
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Management information systems
C.
Decision support systems
D.
Knowledge management systems
E.
Enterprise resource planning systems
You own a small company that has $30,000 in assets and owes $4,000 to creditors. How much equity do you have in the company?
A.
$34,000
B.
$30,000
C.
Negative $4,000
D.
$26,000
E.
$0
A company's _______ can be accessed only by employees or those with specific permission, whereas its _______ allows those outside the organization to access certain parts of its network.
A.
intranet; extranet
B.
Internet; intranet
C.
extranet; intranet
D.
intranet; Internet
E.
extranet; Internet
Hotspots" in places such as coffee shops and airports access Internet connections using
A.
client-server networks.
B.
wide area networks.
C.
wireless local area networks.
D.
public cloud computing.
E.
simple storage service (S3).
Which type of system aids in the decision-making process by creating virtual business models and then test them with data?
A.
Computer-aided manufacturing
B.
Knowledge software C.
Information linkages
D.
Decision support systems
E.
Computer-aided design A large property development firm takes out a mortgage on an office complex it owns so that it can purchase raw land upon which it intends to build a shopping mall. This is an example of _______.
A.
revenue recognition
B.
depreciation
C.
the cost of revenues
D.
leverage
E.
liquidity
Who is responsible for ensuring the accounting information system provides the reports and statements needed for management planning and decision making?
A.
Managerial accountant
B.
Bookkeeper
C.
Fraud examiner
D.
Auditors
E.
Controller
What is the debt a firm owes to an outside party referred to as?
A.
Asset
B.
Liquidity
C.
Liability
D.
Depreciation
E.
Net worth
_______ networks are used to link computers in a relatively small geographic area, such as a single building or a group of buildings.
A.
Personal area
B.
Client-server
C.
Wide area
D.
Local area
E.
Enterprise private
What system allows for simultaneous communication of people from various locations?
A.
Data mining
B.
Data communication networks
C.
Group conferencing
D.
Electronic communication systems
E.
Electronic conferencing
Woojin is considering investing in several companies and would like to determine which does a better job of utilizing its resources. What will provide Woojin with this information?
A.
Leverage
B.
Activity ratios
C.
Solvency ratios
D.
Earnings per share
E.
Profitability ratios
The _______ is the organization responsible for developing a set of global accounting standards and for gaining implementation of those standards.
A.
International Accounting Standards Board
(IASB)
B.
generally accepted accounting principles (GAAP)
C.
Securities Exchange Commission (SEC)
D.
Financial Accounting Standards Board (FASB)
E.
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American Institute of Certified Public Accountants (AICPA)
Flexible production and speedy delivery found in mass customization are dependent on which of the following?
A.
Unique features
B.
Buyers tastes
C.
Information technology
D.
Adaptable assembly lines
E.
Coordination between customers and manufacturers
What is the most common type of network used in businesses?
A.
Blogs
B.
Hotspot
C.
Intranet
D.
Anti-virus
E.
Client-server
When should earnings be reported under revenue recognition?
A.
When the sale is agreed to
B.
When the sale is complete
C.
When preparing annual financial reports for the SEC
D.
When the product is delivered and the sale price has been collected
E.
At the end of each quarter
Which of the following compares a firm's current share price to its current earnings per share?
A.
Current ratio
B.
Price earnings ratio
C.
Profitability ratio
D.
Activity ratio
E.
Solvency
Which of the following is concerned with the external environment of an organization and reports on the activities of the company as a whole rather than individual departments or divisions, or projects and operations?
A.
Certified public accountants
B.
Financial accounting
C.
Auditing
D.
Advisory services
E.
Managerial accounting
Which of the following determines how data that has previously been tested for security will travel to its destination?
A.
Spy sweeper
B.
Encryption system
C.
Access tests
D.
Router
E.
Firewall