Download Bus 120A exam 1 (ch1,4,7,8) Questions And Answers and more Exams Entrepreneurship in PDF only on Docsity!
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which of the following is created by the Sarbanes-Oxley Act of 2002? - correct answer ✅PCAOB Among different business continuity planning options, which of the following can restore the computer system in the shortest time but is the most expensive? - correct answer ✅mirror site ABC inc. used to collect paper checks for customer payments, now customers are required to use electronic fund transfer payments. Which of the following document related to the billing process may still stay unchanged and correct? - correct answer ✅Logical DFD The order entry clerk needs to enter a batch of 10 sales orders. Which of the following cases is not a violation of completeness? - correct answer ✅The clerk entered 11 orders, including all orders in the batch and one traditional sales order not from the batch.
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which of the following is an example of corrective control for the risk of fire? - correct answer ✅Fire insurance Criminals pretending to be small business owners obtained names, addresses, and social security numbers from employees of an organization whose business is providing such information only to legitimate customers who have a right to the data. which of the following control plans would best address the above situation? - correct answer ✅employee training The CFO of Exeter Corporation is very uncomfortable with its current risk exposure related to the possibility of business disruptions. Specifically, exeter is heavily involved with e-business and its internal information systems arre tightly interlinked with its key customers' system. The CFO has estimated that every hour of system downtime will cost the company about $5,000 in sales. The CFO and CIO have further estimated that if the system were to fail, the average downtime would be about 1 hour per incident. they have anticipated that Exeter will likely experience a total of 100 downtime incidents in a given year without any control activities.
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company also estimates that the annual possibility that the fire will occur is 6 percent. the company decides to buy insurance. it would pay $2, annually for a $30,000 fire insurance policy. the company also would install a sprinkler system with a five-year annualized cost (net present value) of 8,000 each year. the sprinkler system would lower the possibility of fire to 4 percent. what is the expected residual risk of the fire after both the insurance and the sprinkler system? - correct answer ✅- which of the following statements related to data flow diagrams is incorrect? - correct answer ✅a logical DFD can have a data flow from bubble 2. to bubble 1. Julie wants to make sure that only Joe can read the message she is going to send to Joe. How would Julie encrypt the message? - correct answer ✅Use Joe's public key to encrypt the message A balance sheet is associated with which part of a company's accounting information system? - correct answer ✅output
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An internal sales report listing sales by region is associated with which part of a company's accounting information system? - correct answer ✅output when evaluating the quality of information, relevance is synonym of reliability - correct answer ✅False information about a customer's credit history that is received after the decision to grant additional credits lacks completeness. - correct answer ✅false this information quality refers to the objectivity of the person doing the measuring. in other words, the information is not blased in favor of any party. this information quality is known as: - correct answer ✅neutrality The Sarbanes-Oxley Act of 2002 dramatically changed the daily work of financial accountants and auditors because it - correct answer ✅required that external auditors report on the effectiveness of an organizations system of internal control
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The following narrative describes the order entry process of ABC Inc. ABC Inc. customers mail their order to the customer service center where a clerk opens the orders and reviews the orders for accuracy. the clerk then keys order into the computer. the computer desplays the completed order and the clerk reviews the order and then accepts the order. the computer then adds the sales order into sales order master data, updates the inventory master data, sends a picking ticket to the warehouse. which of the following statements regarding the DFDs about this process is correct? - correct answer ✅There should be a bubble labeled"customer" in the context diagram. the following systems flowchart segment depicts what process? - correct answer ✅a user's query of a data store to view information on a computer screen the bubbles (round shapes) in a physical data flow diagram represent internal entities. - correct answer ✅true
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a person, place, or thing within a system that transforms data is called: - correct answer ✅internal entity in a data flow diagram (DFD), an external entity symbol portrays a sources or a destination of data outside the system. - correct answer ✅true Risks are those events that could have a negative impact on organization objectives. - correct answer ✅true a possible response to manage risk to avoid performing the risky activity - correct answer ✅false in the ERM framework, risk assessment is best described by: - correct answer ✅the likehood and impact of risks are analyzed, as a basis for determining how they should be managed.
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the broadest level of scope for control plans is - correct answer ✅control environment counting inventory items every year to ensure that inventory records are accurate is mainly a preventive control - correct answer ✅false purchase orders are signed the purchase order supervisor to approve the purchase. which of the following control goals are addresses? - correct answer ✅input validity at ABC company, most transaction processing is automated. when an inventory items reaches its reorder point, the computer automatically prints a purchase order and send it to the vendor. a programmer, who was in collusion with vendor A, altered the computer program ad the inventory master data, so that items supplied by vendor A were ordered more often than ABC company required them. which control plan would best prevent the above situation from happening? - correct answer ✅program change controls
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during a severe ice storm, an employee at Limor Company was keying data at one of the computers in the order entry department. after an hour of data entry, ice buildup on power lines caused a company-wide power failture. when power was restored, the employee had to rekey all the data from scratch. which control plan would best prevent the above situation from happening? - correct answer ✅continuous data protection a Testing/Quality assurance analyst directly reports to: - correct answer ✅implementation supervisor meetings held to determine requirements of IT projects are called: - correct answer ✅requirement walkthrough Biometic systems use some unique physical trait such as fingers, hands, voice, eyes, face, or writing dynamics. - correct answer ✅true
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which of the following has the direct responsibility to ensure the security of all IT resources? - correct answer ✅security officer which information quality refers to high degree of consensus about the information among independent measurers using the same measurement methods? - correct answer ✅verifiability information about a customer's credit history that is received after the desicion to grant additional credit lacks completeness. - correct answer ✅false a bank statement is associated with which part of a company's accounting information system? - correct answer ✅input which section of SOX mandates auditors to report on the effectiveness of an organization's systems of internal controls - correct answer ✅section 404
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to make a structured decision, you generally need more summarized, future oriented information with less accuracy. - correct answer ✅false which of the following is theleast detailed DFD? - correct answer ✅context diagram which of the following will not appear in the bubbles of a physical DFD? - correct answer ✅collect payment which of the following is not a component of a physical DFD? - correct answer ✅process When two DFDs have equivalent external data flows, the DFDs are balanced - correct answer ✅true
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by anyone. This violates - correct answer ✅input validity COBIT was developed by: - correct answer ✅ISACA which one of the following is the slowest option to recover from a disaster? - correct answer ✅cold site Biometric identification is used as a mechanism for - correct answer ✅authentication even with proper segregation of duty, fraud may still occur because of: - correct answer ✅employee collusion a help desk manager directly reports to the - correct answer ✅operations supervisor
