Midterm Exam- Fall 2009- Students Copy

Midterm Exam- Fall 2009- Students Copy - Fall 2009 ACC 3354...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Fall 2009, ACC 3354, Midterm, Open Book Take Home Quiz, Hardcopy Submission Deadline Friday 10-23-09 (bring it in the class), Weight 35 percent Name__________________________ True/False Questions: 1. Information is a business resource. ANS: T PTS: 1 2. Information lacking reliability may still have value. ANS: F PTS: 1 3. The Management Reporting System provides the internal financial information needed to manage a business. ANS: T PTS: 1 4. Systems development represents 80 to 90 percent of the total cost of a computer system. ANS: F PTS: 1 5. Information Technology (IT) audits can be performed by both internal and external auditors. ANS: T PTS: 1 6. The flat-file approach is most often associated with so-called legacy systems. ANS: T PTS: 1 7. Employees should be made aware of the firm’s commitment to ethics. ANS: T PTS: 1 8. Source code is an example of intellectual property. ANS: T PTS: 1
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Name__________________________ 9. Segregation of duties is an example of an internal control procedure. ANS: T PTS: 1 10. Ethical issues and legal issues are essentially the same. ANS: F PTS: 1 11. Individuals with access authority to general ledger accounts should not prepare journal vouchers. ANS: T PTS: 1 12. Management reporting is often called discretionary reporting because it is not mandated as is financial reporting. ANS: T PTS: 1 13. Standards are the basis for evaluating actual performance. ANS: T PTS: 1 14. To the user, data processing procedures for routine transactions, such as entering sales orders, appear to be identical in the database environment and in the traditional environment. ANS: T PTS: 1 15. Under the database approach, data is viewed as proprietary or “owned” by users. ANS: F PTS: 1 16. A lockout is a software control that prevents multiple users from simultaneous access to data. ANS: T PTS: 1 17. Improperly normalized databases are associated with three types of anomalies: the update anomaly, the insertion anomaly, and the deletion anomaly. ANS: T PTS: 1 18. The recommended data architecture for an ERP includes separate operational and data warehouse databases. ANS: T PTS: 1 19. ERP systems support a smooth and seamless flow of information across organizations. ANS: T PTS: 1
Image of page 2
Name__________________________ 20. OLAP stands for on-line application processing. ANS: F PTS: 1 21. The primary goal of installing an ERP system is achieving business process reengineering to improve customer service, reduce production time, increase productivity, and improve decision- making. ANS: T PTS: 1 22. Day-to-day transactions are stored in the operational database. ANS: T PTS: 1 23. A data warehouse is a multi-dimensional database that may require hundreds of gigabytes of storage. ANS: T PTS: 1 24. Data entered into the data warehouse must be normalized. ANS: F PTS: 1 25. OLAP includes decision support, modeling, information retrieval, and what-if analysis. ANS: T PTS: 1 26. The big-bang approach involves converting from old legacy systems to the new ERP in one implementation step.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern