Archives: Quiz

To fulfill several types of requests, including HTTP and FTP, a Web server will use dedicated sockets for each type of request. A network administrator often maintains a company’s Web site. Answer: T An abacus is an example of a […]

Video that starts to play a small segment on your computer while the rest is downloaded to your computer is called ____________________ video. Hard disk speed is sometimes measured in revolutions per minute. Answer: T The Windows Registry is always […]

Beta versions of software are often buggy. On average, a programmer can write, test, and document a maximum of 100 lines of code per day. Answer: F A configuration file is the main executable file for a computer program. Answer: […]

A major function of information systems is to help people make decisions in response to a problem. Describe and give an example of each of the three types of problems: structured, semistructured, and unstructured. Answer: Structured: Routine problems with solutions […]

A library’s card catalog is a typical use of a spreadsheet program. Telecommuters tend to be less productive than those on-site. Answer: F Describe some of the threats to computer systems and data that should be considered when developing a […]

Data in a descending alphanumeric sort appears as 123 or ABC. A hyperlink can be text or graphics. Answer: T A(n) ____________________ slot is a socket on the motherboard into which you can plug a small circuit board. Answer: expansion […]

Prolog can manipulate facts in several ways without explicit programming. 204.127.129.001 is an example of a(n) ____________________ address. Answer: IP Internet Protocol Graphic artists use paint software to create computer-based graphics. Answer: T A table’s ____________________ order is the order […]

Each data storage system contains a storage medium and storage device. In the design phase, there is usually only one way to solve the problems of an IS and meet the system requirements. Answer: F A ____________________/server network consists of […]

Most businesses hire computer programmers to write programs specific to their needs in order to save time and money. The item labeled 3 in the above figure reads and writes the particles that represent data in magnetic storage. Answer: T […]

Data representation is the conversion of letters, sounds and images to electronic signals. Using a search engine to locate a business’s Web site is a way to avoid fake online storefronts. Answer: T Dithering is a way to increase the […]

The figure above shows an example of a(n) ____________________. A tape drive has a slow access time because it uses ____________________ access. Answer: sequential Clock speed is measured by the number of cycles per second, and is specified in megabytes […]

When a disk is formatted, it is divided into tracks, and each track is divided into wedge-shaped ____________________. Hardware is a set of instructions that tell a computer how to perform a task. Answer: F Analog video retains its image […]

Which of the following is NOT an example of a repetition command? a. FOR c. WHILE b. DO d. GOTO The ability to run different parts of a program simultaneously is called ____. a. GUI b. multithreading c. bootstrapping d. […]

What does a Compact Privacy Policy do? a. Blocks a company from installing cookies on your computer. b. Describes how cookie data is used by a Web site. c. Encrypts credit card information in a secure connection. d. Acts as […]

In the above figure, which item indicates the body of the message? a. 1 c. 3 b. 2 d. 4 A company’s percentage of the total market pie is called its ____. a. market share c. MSRP b. VAR d. […]

A basic way to use objects in an OO program is to manipulate them with ____. a. attributes c. classes b. methods d. subclasses Which of the following is NOT true about computer keyboards? a. They are not found on […]

Access time for a personal computer’s storage device is measured in ____. a. gigabytes b. megabytes c. milliseconds d. nanoseconds In a Prolog program, a(n) ____ is a general statement about the relationship between facts. a. attribute c. statement b. […]

A(n) ____-length field expands to fit the data entered, up to a maximum number of characters. a. fixed c. maximum b. variable d. flexible Windows Media Player uses ____ to customize screensavers. a. skins c. the Control Panel b. system […]

CD and DVD drives are examples of: ____. a. storage devices b. Zip drives c. storage media d. solid stage storage Which of the following is an example of vertical market software? a. payroll c. groupware b. accounting d. patient […]

In the above figure, which numbered item is a CompactFlash card? a. 1 c. 3 b. 2 d. 4 In the term CD-R the suffix “R” indicates that the CD is ____. a. read-only b. rewritable c. recordable d. reusable […]

Which of the following is NOT true about Ethernet technology? a. CSMA/CD protocol detects collisions and resets the network. c. Ethernets are difficult to implement and maintain. b. Ethernets are the standard for wired networks. d. Most Ethernet hubs serve […]

Software that combines word processing and graphic design is called ____ software. a. document production b. desktop publishing c. page authoring d. Office productivity A(n) ____ backup contains a copy of every program, data, and system file on a computer. […]

Larry and Louise are both 49 years of age and file a joint return. They provide all of the support for their son, Dylan, who is 20 years old and is at home until he gets called into the army. […]

Peter, proprietor of Peter’s Easy Loan Company, loaned Jessie $4,000 on December 1, 2013. The loan is to be repaid on December 1, 2014, along with $600 interest. On July 10, 2014, Peter learns that Jessie has filed for personal […]

Kevin, single, is an employee of the Colonial Company and is an active participant in its pension plan. Kevin’s adjusted gross income for the current year is $59,000. Kevin contributes $1,000 to his conventional individual retirement account. Which of the […]

Gross selling price includes I. the amount of a seller’s debt assumed by the buyer. II. the fair market value of services received by the seller from the buyer. a. Only statement I is correct. b. Only statement II is […]

During 2015, Jimmy incorporates his data processing business. Jimmy is the sole shareholder. The following assets are transferred to the corporation: Cash $2,000 Computer Equipment: Fair market value 20,000 Adjusted basis 12,000 Original cost 24,000 Furniture: Fair market value 20,000 […]

Fillmore’s net Section 1231 gains and losses reported for the past five years is presented below. 2010 $15,000 2011 12,000 2012 5,000 2013 (28,000) 2014 (13,000) In 2015, Fillmore has a $15,000 net Section 1231 gain. What amounts and character […]

When a partnership distributes property that has a fair market value greater than its basis, the partnership must recognize the income as if it sold the property. a. True b. False Using the tests for deductibility discussed in Chapter 5, […]

Which of the following best describes the tax treatment of a taxpayer’s net Section 1231 loss that resulted from the sale of depreciable equipment used in a business activity? a. Such losses are not deductible. b. Such losses are deducted […]

In which of the following circumstances will income of the child be taxed at the marginal tax rate of the child’s parent? I. Nicole, age 17, has $4,000 of interest income from Microsoft bonds. II. Catherine, age 19, has $2,300 […]

Connie was walking her dog when she came across a paper bag with $20,000 in it. She turned the money into the police. After the appropriate period of time, no one claimed the money and the police returned the money […]

LeRoy has the following capital gains and losses for the current year: Short-term capital gain $10,000 Collectible loss (3,000) Long-term capital gain 5,000 If LeRoy is single and has taxable income from other sources of $52,000, what is the tax […]

Lynne is a 15% partner with Webb Brothers and has net self-employment income of $100,000 in 2015. The maximum amount that Lynne can contribute to a Keogh profit sharing plan is a. $5,000 b. $13,045 c. $15,000 d. $20,000 e. […]

The Ottomans own a winter cabin in Durango, Colorado. They purchased the cabin in 2004 for $65,000. During the current year, a blizzard partially destroys the cabin. The fair market value of the cabin after the blizzard is $70,000. The […]

Sandi and Jodie are partners who operate Household Humanities. Sandi owns 60% and Jodie owns 40% of Household. During the current year, Household has the following results: Revenues $165,000 Operating expenses 45,000 Sandi’s salary 50,000 Jodie’s salary 45,000 Municipal bond […]

Winston is the sole shareholder of Winston Inc, an S corporation. In 2014, he paid $50,000 for his shares of stock. During the current year, he contributes a building and land to the corporation. No additional shares of stock are […]

Grant exchanges an old pizza oven from his business for a new oven. In addition to the old oven, which had a basis of $10,000, Grant pays $4,000 cash and takes out a loan on the new oven for $6,000. […]

Which of the following is (are) secondary sources of tax law? I. Revenue Ruling. II. The Tax Adviser. III. Murphy and Higgins’ Concepts in Federal Taxation. IV. Tax Treaty with Denmark. a. Statements I, II, and III are correct. b. […]

Oliver pays sales tax of $7.20 on the purchase of a lamp for $120. Michelle paid sales tax of $9 on the purchase of a similar lamp for $150. Oliver’s taxable income for the current year is $40,000. Michelle’s taxable […]

Ted purchases some forest land in 2013 with the intention of building a log cabin to use as a vacation home. To obtain the land, Ted pays $10,000 cash, assumes the seller’s $19,000 mortgage on the land and pays $3,000 […]

Mario’s delivery van is completely destroyed when a tree fell on it. Mario’s insurance company pays him $11,000 for the accident. The van cost $20,000 three years ago. Tax depreciation deductions of $6,000 have been taken to date. The “Blue […]

Jane is a partner with Smithstone LLP. Smithstone maintains a profit-sharing Keogh plan for its partners and employees. Determine the maximum deductible contribution Jane can make to the plan in each of the following situations: a. Jane’s net self-employment income […]

Marie earns $80,000 as a sales manager for Household Books. How much Social Security and medicare tax does Marie have to pay for 2015? a. $4,960.00 b. $6,120.00 c. $6,400.00 d. $2,240.00 Rosie inherits 1,000 shares of Northern Skies Airline […]

Which of the following individuals or couples qualify for the child and dependent-care credit? I. Jeff and Marion are married with 2 children ages 5 and 7. Jeff earns $57,000 and Marion is a part-time graduate student at the local […]

Isabel is a self-employed electrician. All cash payments she receives from customers are deposited into a bank account held in the name of her son. Isabel does not have use of the funds. Therefore, she does not think she needs […]

Derek Builders, LLC, entered into a contract to do extensive remodeling work on Helen’s house in October 2014. The bid cost of the job was $5,000 and Helen made a down payment of $2,000 in November 2015. Because Helen was […]

Which of the following properties that was sold during January 2015 is Section 1231 property for Baylan Toy Manufacturing Corporation? I. Automobile purchased in 2011. II. Land used in the business since 2012. III. Factory building purchased and placed into […]

Chestnut Furniture Company purchases a delivery van on June 14, 2015, at a cost of $30,000. The delivery van has a 5-year MACRS life and an ADS recovery period of 5 years. What is Chestnut’s minimum cost recovery deduction on […]

Louise is the marketing manager and a 30% owner of Walker Company. At the beginning of the current year, Louise’s basis in Walker Company is $22,000. During the year, Walker borrows $50,000 to finance the construction of a new building. […]