Archives: Quiz
Chapter 2 3 The posting reference column of the general journal provides a cross-reference
Copyright © 2015 Pearson Education, Inc. 36) One of the customers of Jeter Roofing, Inc. paid $223 on her bill. The journal entry that Jeter Roofing, Inc. would record is: A) debit Accounts Receivable and credit Sales. B) debit Cash […]
Accounting Chapter 5 1 Explain the threats faced by modern information systems
Copyright © 2015 Pearson Education, Inc. Accounting Information Systems, 13e (Romney/Steinbart) Chapter 5 Computer Fraud 5.1 Explain the threats faced by modern information systems. 1) Perhaps the most striking fact about natural disasters in relation to AIS controls is that […]
Chapter 2 1 A listing of all accounts in numerical order is called a chart of accounts.
Copyright © 2015 Pearson Education, Inc. Financial Accounting, 3e (Kemp/Waybright) Chapter 2 Analyzing and Recording Business Transactions 2.1 Questions 1) Account titles such as Marketing Expense and Depreciation Expense would be numbered starting with a 3. Answer: FALSE Diff: 1 […]
Accounting Chapter 4 1 Accountants Are Primarily Involved In the Development Conceptual
Copyright © 2015 Pearson Education, Inc. Accounting Information Systems, 13e (Romney/Steinbart) Chapter 4 Relational Databases 4.1 Explain the importance and advantages of databases, as well as the difference between database systems and file-based legacy systems. 1) Using a file-oriented approach […]
Chapter 1 3 Payment of expenses would have which of the following effects on the accounting equation
Copyright © 2015 Pearson Education, Inc. 37) The payment of cash dividends would have which of the following effects on the accounting equation? A) Increase Liabilities B) Decrease Stockholders’ Equity C) Increase Assets D) Increase Stockholders’ Equity Answer: B Diff: […]
Accounting Chapter 4 2 The Primary Key The second Table Isa Name b
Copyright © 2015 Pearson Education, Inc. 20) Which of the following is false regarding a well-structured relational database? A) A foreign key cannot be null. B) A primary key cannot be null. C) Every column in a row must be […]
Chapter 1 2 Cash accounting recognizes business transactions when cash is received or paid.
Copyright © 2015 Pearson Education, Inc. 23) Which accounting concept or principle specifically states that we should record transactions that can be verified? A) Going-concern concept B) Cost principle C) Reliability principle D) Business entity concept Answer: C Diff: 1 […]
Accounting Chapter 3 3 Multiple Documents Should Be identified Numbers Shown The
Copyright © 2015 Pearson Education, Inc. 28) Nishant Kumar has been hired by American Manufacturing as a staff accountant in the internal audit department. He has been asked to thoroughly document the existing accounting information system in preparation for making […]
Chapter 1 1 Accounting information is used to help managers and decision makers understand risk
Copyright © 2015 Pearson Education, Inc. Financial Accounting, 3e (Kemp/Waybright) Chapter 1 Business, Accounting, and You 1.1 Questions 1) By taking accounting classes, the student is learning the “language of business.” Answer: TRUE Diff: 1 LO: 1-1 EOC Ref: Vocabulary […]
Accounting Chapter 3 2 Education Inc12 Which Symbol Would Used Flowchart
Copyright © 2015 Pearson Education, Inc. 52) In a data flow diagram of the order shipping process, what symbol would most appropriately denote a “Bill of Lading” used in the process? A) a square B) a circle C) two horizontal […]
Accounting Chapter 3 1 The Sarbanes-Oxley Act requires independent auditors to
Copyright © 2015 Pearson Education, Inc. Accounting Information Systems, 13e (Romney/Steinbart) Chapter 3 Systems Documentation Techniques 3.1 Prepare and use data flow diagrams to understand, evaluate, and document information systems. 1) Graphical representations of information are often supplemented by A) […]
Accounting Chapter 2 2 The Subsidiary Ledger Records And Maintains The
Copyright © 2015 Pearson Education, Inc. 14) A general journal A) would be used to record monthly depreciation entries. B) simplifies the process of recording large numbers of repetitive transactions. C) records all detailed data for any general ledger account […]
Accounting Chapter 2 1 Describe the four parts of the data processing cycle
Copyright © 2015 Pearson Education, Inc. Accounting Information Systems, 13e (Romney/Steinbart) Chapter 2 Overview of Transaction Processing and Enterprise Resource Planning Systems 2.1 Describe the four parts of the data processing cycle and the major activities in each. 1) Which […]
Accounting Chapter 1 1 AIS All systems Including The AIS Must Work
Copyright © 2015 Pearson Education, Inc. Accounting Information Systems, 13e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview 1.1 Distinguish data from information, discuss the characteristics of useful information, and explain how to determine the value of information. 1) Which […]
Accounting Chapter 1 2 These Are the Benefits Possessing And Using Information
Copyright © 2015 Pearson Education, Inc. 9) Who of the following would not be involved in the revenue cycle? A) accounts payable clerk B) customer C) cashier D) credit manager Answer: A Objective: Learning Objective 4 Difficulty: Easy AACSB: Analytic […]
Human Resources Chapter 12 5Identify the rules used surrounding a brainstorming session. Discuss why brainstorming does not work as well as individual idea generation
123. (p. 382–383) Define team process. Differentiate between process gain and process loss. Team process refers to the different types of communication, activities, and interactions that occur within teams that contribute to their ultimate end goals. Getting more from the […]
Business Law Chapter 52 3 when a trust is terminated, which of the following is the appropriate
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 51. (p. 1163) Signatories to ______ agree to accept wills of other signatories for probate, as to matters of form, […]
Business Law Chapter 52 2 chosen by the testator collects the testator’s property, pays debts and taxes
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 1158) When someone dies, a[n] ______ chosen by the testator collects the testator’s property, pays debts and taxes, […]
Business Law Chapter 52 1 the uniform anatomical gifts act (Uaga) provides that any individual
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1150) Federal law is the primary law governing wills. FALSE State law protects the wishes individuals have outlined. […]
Business Law Chapter 51 3 on which of the following legal theories would the insurer likely attempt
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 1142) Which of the following types of life insurance provides protection for the entire life of the insured […]
Business Law Chapter 51 2 if an insurance policy covers an individual’s life or health
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 1141) If an insurance policy covers an individual’s life or health, the insurance is ______ insurance. A. Personal […]
Business Law Chapter 51 1 clause states that after an insurance policy has existed for a specified period of time
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1132) Insurance is defined as a contract in which the insured party makes payments to the insurer in […]
Business Law Chapter 50 3 tenant can sue for damages or bring a suit against the landlord for breach of contract
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 1125) Which of the following references the ending of a lease before its stated term by mutual agreement […]
Business Law Chapter 50 2 any tenant conduct that causes permanent and substantial injury to the
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 1116) Which of the following is a requirement that leased premises be fit for ordinary residential purposes? A. […]
Business Law Chapter 50 1 if leased premises become unsuitable for use because of a landlord’s wrongful
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1109) If a landlord retains control of and access to property, the relationship is likely not a landlord-tenant […]
Business Law Chapter 49 3 Patricia buys a house from Jake but does not record her ownership interest
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 1095) Which of the following is the legal process by which a transfer of property is made by […]
Business Law Chapter 49 2 which of the following is the least desirable type of deed from the grantee’s perspective
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 1087) Which of the following was the result on appeal in Sauls v. Crosby , the case in […]
Business Law Chapter 48 1 the earnest money will apply toward the purchase price
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1065) Ownership of property is referred to as “title.” TRUE Ownership of property is referred to as title. […]
Business Law Chapter 47 3 which of the following is a set of rights and interests in relation to
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 1045) In attempting to establish a violation of the Sherman Act, what type of trade violation would the […]
Business Law Chapter 47 1 its prices on certain flights once spirit airlines began to compete
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1036) A business arrangement in which stock owners appoint beneficiaries and place their securities with trustees who manage […]
Business Law Chapter 47 2 which of the following references the type of conglomerate merger that occurs
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 1042) Which of the following was left the responsibility of identifying which specific behaviors were prohibited under the […]
Business Law Chapter 46 3 the action of the government in cleaning up the farm could best be described
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 1029) Which of the following is true regarding the U.S.’s rank in a recent study that ranked 142 […]
Business Law Chapter 46 2 what are the 1972 amendments to the federal water pollution control act commonly
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 1020) Once the administrator of the EPA establishes National Ambient Air Quality Standards, each state has _____ to […]
Business Law Chapter 46 1 review the scientific evidence to determine whether new discoveries have shown
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1014) Pollution has not always been seen as a problem in the U.S. TRUE Once we viewed evidence […]
Business Law Chapter 45 3 under the truth-in-lending act which of the following types of information
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 1005) Which of the following is the agency responsible for enforcing the Federal Food, Drug, and Cosmetic Act? […]
Business Law Chapter 45 2 the flammable fabrics act of 1953 made it illegal to produce or distribute
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 1001) Which of the following is not expressly prohibited by the Fair Debt Collection Practices Act? A. Using […]
Business Law Chapter 45 1 which of the following is the term used for the requirement of the federal trade
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 987) A consumer law is a statute or administrative rule serving to protect consumer interests. TRUE A consumer […]
Business Law Chapter 44 3 in order to be upheld in court, an agency’s fact finding must be supported
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 50. (p. 977) In order to be upheld in court, an agency’s fact finding must be supported by which of […]
Business Law Chapter 44 2 which of the following is a basic limit on agency power
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 969) Agencies are classified as either ______ or ______. A. Legislative; executive B. Legislative; independent C. Judicial; independent […]
Business Law Chapter 44 1 parties in a dispute before an administrative law judge may reach a settlement
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 967) Administrative law consists of procedural, but not substantive, rules. FALSE Administrative law consists of the substantive and […]
Business Law Chapter 43 3 what type of harassment, if any, was involved in candy’s indication
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 961) Which of the following is false regarding the status of women in Saudi Arabia? A. Women are […]
Business Law Chapter 43 2 in the area of employee testing, which of the following isolates some skill
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 949) In the area of employee testing, which of the following isolates some skill used on the job […]
Business Law Chapter 43 1 which title of the civil rights act of 1964 deals with discrimination
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 939) The concept of at-will employment excludes the concept that an employee may quit at any time. FALSE […]
Business Law Chapter 42 3 which of the following is the appropriate term for the work stoppage engaged
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 933) Striking union members of ABC Company decide that picketing ABC Company is not accomplishing the desired results […]
Business Law Chapter 42 2 the union will be certified as the bargaining representative
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 922) Which of the following was the result on appeal in Delgado v. Phelps Dodge Chino Inc. , […]
Business Law Chapter 42 1 the family and medical leave act guarantees all eligible employees up
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 917) The Fair Labor Standards Act covers employers engaged in intrastate commerce or the production of goods for […]
Business Law Chapter 41 3 was Linda engaged by purchasing the shares after she found out about
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. “Coffee shops.” Bernice wants to open a chain of coffee shops but needs some investors. Her friend Robbie tells Bernice […]
Business Law Chapter 41 2 which of the following references a profit made by a statutory insider
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 898) Once an issuer files a registration statement and prospectus, the ______ period begins. A. Advertising B. Post-filing […]
Business Law Chapter 41 1 which of the following references stock and bonds issued by corporations
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 896) If a violation of federal securities laws is serious enough to merit criminal prosecution, the Fraud Section […]
Business Law Chapter 40 3 the board not wishing to be involved in liquidation proceedings
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 885) Which of the following is false regarding involuntary liquidation? A. The state may initiate dissolution procedures. B. […]