BEC-Information Systems and Communication Flashcards by Mary R

An example of a tool used by an Applications Programmer

Program Flowchart

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The best definition of computer hardware would be

physical computer equipment

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hardware maintenance is done during

Downtime when the computer is not functioning; this may be scheduled or unscheduled. -

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CPU is an abbreviation for

Central Processing Unit

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Is a primary hardware component where the actual processing of data occurs.

Central Processing Unit

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The CPU includes

primary storage, a control unit and an arithmetic/logic unit.

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The best definition of the primary storage of the CPU is

The temporary main memory portion of the CPU that holds the program, data and results during processing -

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The function of the control unit of the CPU is to

Control and directs the operation of the computer by reading or interpreting the program instructions and directing the computer in the execution of those instructions

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The arithmetic/logic unit of the CPU:

Is the circuirty that performs the arithmetic calculations and logical operations

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The primary storage is the temporary main memory portion of the CPU consisting

of both RAM (Random Access Memory) and ROM (Read Only Memory)

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Forms of procedural languages are:

FORTRAN, COBOL and BASIC

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A third generation language that allows programmers to concentrate on the procedures and functions of the programs is

Procedural languages

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FORTRAN (FORMula TRANslation) was designed for

scientific purposes

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COBOL (Common Business Oriented Language) was designed for

business operations

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BASIC (Beginner All purpose Symbolic Instruction Code) was designed for

educational purposes

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A patch is

a change or modification to an existing program

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manages and schedules application programs and system functions

The Operating System (O/S)

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What are examples of Operating System(O/S)

Windows, Unix and Linus, MVS and DOS

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is a command language that initiates programs, specifies processing priorities, running sequences, databases used and files used

Job Control Language or JCL

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designed to perform a specific process or series of tasks.

An application programmer

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the best explanation of an enterprise resource planning system or ERP?

It is an attempt to consolidate all of a company’s departments and functions into a single computer system that services each department’s individual needs through the use of a common database -

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In information technology, what is a LAN?

A computer network within a single building or relatively small geographic area.

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Computer software designed to help humans make decisions

Artificial intelligence

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What is the purpose of Extensive Business Reporting Language (XBRL)?

it allows organizations to exchange business information over the World Wide Web

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An agreement between two or more organizations with comparable computing requirements to assist each other in the event of a disaster is a:

Reciprocal agreement

Best describes an internal site for disaster recovery

The organization's site or intranet

lists of requirements pertain to a disaster recovery and business continuity plan

Priorities, insurance, backup approach, specific assignments, period testing and updating, and documentation

Prioritization in a disaster recovery and business continuity plan refers to

Which applications are the most critical

A disaster recovery and business continuity plan should include

Specific assignments for personnel who are familiar with the plan and their responsibilities

The best backup facility option in a disaster recovery and business continuity plan is

A combination of the hot site, cold site, reciprocal agreement and internal site

is in a separate location from the company’s data center and has all of the hardware and software needed to begin operations

A hot site

Information systems process data and transactions within a business organization. These actions include

- Collecting and entering transactions and data - Processing data and providing users with the information that they need to run the business - Controlling the process and data

an advantage of computer systems over manual processing

Elimination of computational errors and errors processing routine transactions -

Two general types of computer processing systems are:

Transaction processing and management reporting

What is the difference between on-line real time and direct access processing

There is no difference. They are interchangeable

The definition of a data warehouse is:

An integrated collection of data used for reporting and analysis to support management decisions -

The process of data mining includes:

The use of complicated statistical and graphical processes and structured approaches to manipulate data

A group of eight digits (0 or 1) that is treated as a single unit is the definition of

Byte

What two distinct functions involve the Information Systems Department?

Systems development and data processing

responsibilities are segregated functions.

Systems development and data processing

IT functions is responsible for the user environment and requirements?

Systems Analyst

Who is responsible for implementing, debugging and modifying system software?

Systems Programmer

Who is responsible for writing testing and debugging applications software?

The Applications Programmer

Who is responsible for restricting access to the database?

The Database Administrator or DBA

Who is generally responsible for providing applications specifications to the Applications Programmer? `

Systems Analyst

generally responsible for the daily computer operations

The Operator

should maintain documentation as to the details of an applications program?

The Applications Programmer

Help desks are usually a responsibility of what function?

Operations

Entity Relationship Diagrams that illustrate

the system's key entities and the relationships among those entities

Data Flow Diagrams

illustrate the system components and functions, data flows among the components and sources, destinations and storage of the data

design provides many opportunities to reexamine business processes, as this type of system is an enterprise-wide computerized system that connects all areas within an organization.

ERP systems

Method by which to allocate joint costs

1. Relative Sales Value 2. Relative weight,volume, or linear measure 3. Average unit cost

Identification of inputs and output occur in what stage

System Analysis

Varies directly with price

The quantity supplied

Varies indirectly with price

The quantity demanded

Balance scorecard focus on long and NOT

short-term goals

An equilibrium price can be disrupted by any change in

the supply and/or the demand curver

Data Processing has the same meaning as what processing methodology

Electronic Data Processing

Timeliness information is an advantage of

Real time processing

Responsible for writing and/or maintaining application programs,handles the testing, preparation of computer operator instructions:

Application Programmer

Responsible for Assigning initial passwords

Security Administrator

What are the two systems administrator

Database & Network Administrator

Responsible for the actual database software

Database Administrator

A report that does not currently exist but that needs to be created on demand without having to get a software developer involved is

Ad hoc Report

Designed the overall application system and decide what type of computer network is needed

System Analyst

What is the proper sequence of events for Accounting Information System

1. Source Document 2. File (original paper) 3. Journal 4. Ledger 5. Trail Balance 6. Financial Statement

act as the price floor and price ceiling in the transfer pricing decision

Price Floor: Opportunity Cost Plus Outlay Costs; Price Ceiling: Market Price

The security market line (SML) graphs the relationship between

Expected return and systematic risk (beta)

Business forecasting methods generally fall into categories that include

1. Methods based on observed relationships 2. Methods based on historical data 3. Methods based on predictions of customer behavior

Business forecasting methods that is based on predictions of customer behavior.

Markov techniques and polling

Business forecasting methods that is based on historical data.

Moving average and exponential smoothing methods

Business forecasting analysis based on observed relationships.

Regression analysis, ranging from a simple high-low method to multiple regression analysis

The SEC has certain rules that permit the private placement of securities. These rules allow the sale of securities with only a limited amount of registration and disclosure information which will save the company money. - See more at: http://www.cpareviewforfree.com/exams.cfm?name=question&test_id=2968971#sthash.by4xsg26.dpuf

Private Placement

often involves benchmarking best practices and should be in line with the firm's overall strategy.

Process reengineering

project manager is responsible for

managing the project, including its scope, to ensure that it remains aligned with the objectives of the project.

Breakeven analysis assumes that over the relevant range:

Unit Variable costs are unchanged

An example of collusive pricing

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

Everything else equal, what is the consequence of an increase in the $/euro rate?

The $ has depreciated and European exports to the U.S. are now more expensive.

Interest and dividends received in the U.S. from investments abroad represents

A credit in the current account

An example of collusive pricing

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

Everything else equal, what is the consequence of an increase in the $/euro rate?

The $ has depreciated and European exports to the U.S. are now more expensive.

Interest and dividends received in the U.S. from investments abroad represents

A credit in the current account

An example of collusive pricing

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

Everything else equal, what is the consequence of an increase in the $/euro rate?

The $ has depreciated and European exports to the U.S. are now more expensive.

Interest and dividends received in the U.S. from investments abroad represents

A credit in the current account

An example of collusive pricing

when companies within an industry form a secret pact to increase all profits by setting prices at an artificially high amount

Everything else equal, what is the consequence of an increase in the $/euro rate?

The $ has depreciated and European exports to the U.S. are now more expensive.

Interest and dividends received in the U.S. from investments abroad represents

A credit in the current account

Evidence of a chronic balance of payments deficit is:

Diminishing reserves of foreign currencies

Computers located throughout an organization's different remote facilities that are networked to fulfill information processing needs are referred to as:

Distributed Data Processing

Expansionary fiscal policy is so named because it:

Is designed to expand real GDP

What is an appropriate fiscal policy for a severe recession?

A decrease in tax rate

Three types of control implications are:

1. Require applications to be adequately tested before use 2.backup of files 3. controlling access to appropriate users

Refers to management's ability to anticipate all such problems and resolve them or prevent them before they can occur.

Risk assessment

In looking at a system and its internal control, what is meant by monitoring?

The process that assesses the quality of internal control performance over time