AC571 Midterm Exam - 1. Question: (TCO G) Computer fraud is...

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1. Question: (TCO G) Computer fraud is often much more difficult to detect than other types of fraud because Your Answer: perpetrators usually only steal very small amounts of money at a time, thus requiring a long period of time to have elapsed before they're discovered. perpetrators can commit a fraud and leave little or no evidence. CORRECT most perpetrators invest their illegal income rather than spend it, thus concealing key evidence. most computer criminals are older and are considered to be more cunning when committing such a fraud. Instructor Explanation: Chapter 5, page 152-154 Points Received: 4 of 4 2. Question: (TCO A) Information is: Your Answer: What happens when the data exceeds the amount the human mind can absorb. The benefit produced by the information minus the cost of producing it. Facts that are collected, recorded, stored, and processed by an information system. Data that have been organized and processed to provide meaning to a user. CORRECT Instructor Explanation: Chapter 1, page 5 Points Received: 24 of 24 3. Question: (TCO A) A graphical description of the sequence of logical operations that a computer performs is called Your Answer: a data flow diagram a document flowchart a system flowchart a program flowchart CORRECT Instructor Explanation: Chapter 3, page 62 Points Received: 4 of 4 4. Question: Batch totals can be of three differernt types which all give us different control types. Assume there was a total of the quantity ordered field in a batch of sales transactions. This would be what type of control total? Your Answer: Hash total CORREC T Record count Financial total Error log total Points Received: 4 of 4 5. Question: (TCO B) In the revenue cycle, a customer places an order for a certain product. Before the order is checked for inventory availability, what step should be taken? Your Answer: The customer's credit should be checked for a sale on account. CORREC T The sales order should be created and written to a file. Shipping should be notified of an order in process.
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A picking list should be generated for the warehouse. Instructor Explanation:
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This note was uploaded on 06/16/2011 for the course ACCT 571 taught by Professor Hierbaum during the Spring '11 term at Keller Graduate School of Management.

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AC571 Midterm Exam - 1. Question: (TCO G) Computer fraud is...

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