Week 2 Quiz

Week 2 Quiz - QUESTION 1[QUESTION BANK ID 2410 TYPE...

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QUESTION 1 [QUESTION BANK ID: 2410] TYPE: MULTIPLE CHOICE CORRECT As an internal control, separation of duties would help prevent: (i) theft of inventory, (ii) computer viruses. << HIDE ANSWERS A i only B ii only C Both i and ii D Neither i nor ii QUESTION 2 [QUESTION BANK ID: 105782] TYPE: MULTIPLE CHOICE CORRECT Market risk refers to changes in all of the following except << HIDE ANSWERS A Customer demand B Stock price C Investment prices D Interest rates QUESTION 3 [QUESTION BANK ID: 37390] TYPE: MULTIPLE CHOICE CORRECT Understanding the rules of debit and credit is an example of which element of Houle's ideas on professionalism? << HIDE ANSWERS A Conceptual B Collective identity C Communication D Autonomy of practice QUESTION 4 [QUESTION BANK ID: 99744] TYPE: MULTIPLE CHOICE CORRECT Which of the following best describes the relationship between the two COSO frameworks discussed in the text? << HIDE ANSWERS A The enterprise risk management framework makes the internal control framework obsolete B The internal control framework makes the enterprise risk management framework obsolete C The enterprise risk management framework is more comprehensive than the internal control framework D The internal control framework updates the enterprise risk management framework QUESTION 5 [QUESTION BANK ID: 64448] TYPE: MULTIPLE CHOICE CORRECT Houle's model of becoming a professional has three components: conceptual, performance, and << HIDE ANSWERS A Collective identity B Ethical collaboration C Complex decision making D
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Rules and regulations QUESTION 6 [QUESTION BANK ID: 104228] TYPE: MULTIPLE CHOICE CORRECT Which of the following did Brown identify as forms of operational risk: (i) systems risk, (ii) human error risk, (iii) directors' and officers' liability? << HIDE ANSWERS A i and ii only B ii and iii only C i and iii only D i, ii, and iii QUESTION 7 [QUESTION BANK ID: 116228] TYPE: MULTIPLE CHOICE INCORRECT The Langenderfer and Rockness model assumes the decision maker subscribes to which theory of ethics? << HIDE ANSWERS A Justice B Applied ethics C Virtues D Cannot be determined from the information given QUESTION 8 [QUESTION BANK ID: 8135] TYPE: MULTIPLE CHOICE INCORRECT According to Bell, a professional should think: (i) rationally, (ii) effectively, (iii) coherently. << HIDE ANSWERS
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This note was uploaded on 01/13/2012 for the course EAC 2221 taught by Professor Smith during the Spring '11 term at FIT.

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Week 2 Quiz - QUESTION 1[QUESTION BANK ID 2410 TYPE...

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