Archives: Quiz
Networking Chapter 11 InfoSec is a profession with little personnel turnover
ANS: T PTS: 1 REF: 404 ANS: F PTS: 1 REF: 415 ANS: T PTS: 1 REF: 418 ANS: T PTS: 1 REF: 435 Chapter 11: Personnel and Security TRUE/FALSE 1. InfoSec is a profession with little personnel turnover – […]
Economics Chapter 3 A firm will maximize profit by producing that level
Chapter 3: MARGINAL ANALYSIS FOR OPTIMAL DECISIONS Multiple Choice 3-1 A firm will maximize profit by producing that level of output at which a. the additional revenue from the last unit sold exceeds the additional cost of the last unit […]
Networking Chapter 10 You Might Put Proxy Server The
ANS: F PTS: 1 REF: 346 ANS: T PTS: 1 REF: 359 ANS: T PTS: 1 REF: 389 ANS: T PTS: 1 REF: 390 Chapter 10: Protection Mechanisms TRUE/FALSE 1. Technical controls alone, when properly configured, can secure an IT […]
Economics Chapter 2 Suppose that more people want Orange Bowl tickets
Demand: Qd=900 –60P Supply: Qs= – 200 +50P If the price is currently $11, there is a a. surplus of 110 units. b. shortage of 240 units. c. surplus of 350 units. d. shortage of 700 units. 2-32 Use the […]
Networking Chapter 9 When Vulnerability Flaw Weakness Exists Important Asset
ANS: T PTS: 1 REF: 316 ANS: T PTS: 1 REF: 321 ANS: T PTS: 1 REF: 334 ANS: T PTS: 1 REF: 334 Chapter 09 – Risk Management: Controlling Risk TRUE/FALSE 1. The defense risk control strategy may be […]
Economics Chapter 2 If the price of a complement for tires decreases
Chapter 2: DEMAND, SUPPLY, AND MARKET EQUILIBRIUM Multiple Choice 2-1 If the price of a complement for tires decreases, all else equal, a. quantity demanded for tires will decrease. b. quantity supplied for tires will decrease. c. demand for tires […]
Networking Chapter 8 Having an established risk management program means
ANS: T PTS: 1 REF: 281 ANS: F PTS: 1 REF: 285 ANS: T PTS: 1 REF: 297 ANS: T PTS: 1 REF: 303 Chapter 08 – Risk Management: Identifying and Assessing Risk TRUE/FALSE 1. Having an established risk management […]
Economics Chapter 1 Economic theory is a valuable tool for business
Answer: c Difficulty: 01 Easy Topic: Measuring and Maximizing Economic Profit AACSB: Reflective Thinking Blooms: Remember Learning Objective: 01-02 Answer: a Difficulty: 02 Medium Topic: Measuring and Maximizing Economic Profit AACSB: Reflective Thinking Blooms: Remember Learning Objective: 01-02 Answer: a […]
Networking Chapter 7 you are able to develop an acceptable use policy
ANS: F PTS: 1 REF: 249 ANS: T PTS: 1 REF: 253 ANS: F PTS: 1 REF: 259 ANS: F PTS: 1 REF: 274 Chapter 07 – Security Management Practices TRUE/FALSE 1. Using a practice called benchmarking, you are able […]
Networking Chapter 6 A security blueprint is the outline of the more thorough
ANS: F PTS: 1 REF: 213-214 ANS: T PTS: 1 REF: 218 ANS: F PTS: 1 REF: 223 ANS: F PTS: 1 REF: 239 Chapter 6 – Security Management Models TRUE/FALSE 1. A security blueprint is the outline of the […]
Networking Chapter 5 Small organizations spend more per user on security
ANS: F PTS: 1 REF: 167 ANS: F PTS: 1 REF: 171 ANS: F PTS: 1 REF: 188 ANS: T PTS: 1 REF: 196 Chapter 05 – Developing the Security Program TRUE/FALSE 1. Small organizations spend more per user on […]
Networking Chapter 4 Policies must specify penalties for unacceptable
ANS: T PTS: 1 REF: 128 ANS: F PTS: 1 REF: 135 ANS: F PTS: 1 REF: 142 ANS: F PTS: 1 REF: 155 Chapter 04 – Information Security Policy TRUE/FALSE 1. Policies must specify penalties for unacceptable behavior and […]
Networking Chapter 3 Which of the following has the main goal of
ANS: F PTS: 1 REF: 87 ANS: F PTS: 1 REF: 109 ANS: T PTS: 1 REF: 116 ANS: F PTS: 1 REF: 116 Chapter 3: Planning for Contingencies TRUE/FALSE 1. When an incident takes place, the disaster recovery (DR) […]
Networking Chapter 2 Because it sets out general business intentions
ANS: T PTS: 1 REF: 41 ANS: F PTS: 1 REF: 53 ANS: F PTS: 1 REF: 66 ANS: F PTS: 1 REF: 67 Chapter 02 – Planning for Security TRUE/FALSE 1. Because it sets out general business intentions, a […]
Networking Chapter 1 Corruption of information can occur only while
ANS: F PTS: 1 REF: 8 ANS: F PTS: 1 REF: 12 ANS: T PTS: 1 REF: 20 ANS: T PTS: 1 REF: 28 Chapter 01 – Introduction to the Management of Information Security TRUE/FALSE 1. Corruption of information can […]
Accounting Chapter 16 Using The Information Provided Above Compute The
KEY: Bloom’s: Application NOT: 5 min. 10. The following information is summarized from the balance sheets of Kress Inc. and Ross Corp. at December 31, 2013. Neither company has inventory. Kress Ross Current Assets: Cash and cash equivalents $ 340,800 […]
Accounting Chapter 16 The following information pertains to Barkley
41. Eagle Company has $9,000 in cash, $11,000 in marketable securities, $26,000 in current receivables, $34,000 in inventories, and $40,000 in current liabilities. The company’s quick ratio is closest to a. 1.35. b. 1.15. c. 2.00. d. 1.73. 42. Siri […]
Accounting Chapter 16 the base year can be the immediately preceding
Chapter 16—Financial Statement Analysis TRUE/FALSE 1. In horizontal analysis, the base year can be the immediately preceding period, or it can be a period further in the past. 2. A primary purpose of vertical analysis is to observe trends over […]
Accounting Chapter 15 The general ledger of Lopez Company provides
Ending Beginning balance balance Accounts receivable $32,000 $40,000 Inventory 60,000 50,000 Prepaid expenses 12,000 8,000 Accumulated depreciation (40,000) (30,000) Accounts payable 30,000 45,000 Accrued liabilities 16,000 10,000 Income taxes payable 2,000 5,000 Required: Using the direct method, prepare the operating […]
Accounting Chapter 15 net cash flows from investing activities
PTS: 1 DIF: Difficulty: Challenging OBJ: LO: 15-2 NAT: BUSPROG: Analytic STA: AICPA: FN-Reporting | IMA: Reporting | ACBSP: APC-24-Statement of Cash Flows KEY: Bloom’s: Application NOT: 10 min. 6. Use the following selected data and additional information to answer […]
Accounting Chapter 15 The data given below are from the accounting records
Credit balances: Accumulated Depreciation 23,000 Accounts payable (10,000) Accrued liabilities 7,000 Taxes payable 5,000 Bonds payable 40,000 Based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would […]
Accounting Chapter 15 A statement of cash flows indicates the sources
Chapter 15—Statement of Cash Flows TRUE/FALSE 1. A statement of cash flows indicates the sources and uses of a firm’s cash during a period. 2. All SEC-registered firms must issue a statement of cash flows, in addition to the income […]
Accounting Chapter 14 The After tax Cash Flows Associated With The
72. When investing in automated systems, which of the following intangible or indirect benefits may be important? a. improved customer satisfaction b. improved market share c. reduced support labor cost d. reduced lead time e. All of these. 73. Which […]
Accounting Chapter 14 What is the accounting rate of return for the project
Figure 14-3. Davis Company is considering the purchase of a new piece of equipment that will cost $1,600,000 and have a life of five years with no expected salvage value. The expected cash flows associated with the project are as […]
Accounting Chapter 14 Projects that do not affect the cash flows of other
Chapter 14—Capital Investment Decisions TRUE/FALSE 1. Projects that do not affect the cash flows of other projects are called mutually exclusive projects. 2. The process of planning, setting goals and priorities, arranging financing, and using certain criteria to select long-term […]
Accounting Chapter 13 Clutch And The Tote With Unit Contribution margins
7. Island Princess Pineapples purchases pineapples from area farmers and processes them into rings, juice, and skins. The cost of the pineapples is a joint cost, as is the initial processing in which the fruits are skinned, cored, and sliced […]
Accounting Chapter 13 Detailing Uses Target costing What The Price They
a. $40 b. $65 c. $25.50 d. $13.33 e. $15.67 70. Refer to Figure 13-9. What is the contribution margin per hour of machine time for Test B? a. $20.50 b. $33 c. $16.25 d. $16.50 e. $18 ANS: D […]
Accounting Chapter 13 Sales Dac That Would Not Occur Action
NOT: 4 min. 26. Houston Corporation manufacturers a part for its production cycle. The costs per unit for 5,000 units of this part are as follows: Direct materials $ 32 Direct labor 40 Variable overhead 16 Fixed overhead 32 Total […]
Accounting Chapter 13 The first step in making a short-run decision is to
Chapter 13—Short-Run Decision Making: Relevant Costing TRUE/FALSE 1. The first step in making a short-run decision is to identify alternatives as possible solutions to the problem. 2. In making a short-run decision, all alternatives need to be considered. ANS: F […]
Accounting Chapter 12 Which Division Sets The Minimum Transfer Price
Operating income $ 43,200 Beginning assets were $279,500 and ending assets were $296,500. A. Average operating assets were $__________________. B. Margin was __________________. C. Turnover was __________________. D. Return on investment was __________________%. 4. Given the following information for the […]
Accounting Chapter 12 Centra And Mantra Agree Transfer Boxes What
35. Refer to Figure 12-2. What is the residual income for Stock Division without the additional investment? a. $40,000 b. $6,000 c. $6,600 d. $6,200 e. $7,500 ANS: E Residual income = $60,000 – (0.14)($375,000) = $7,500 PTS: 1 DIF: […]
Accounting Chapter 12 The practice of delegating decision-making authority
Chapter 12—Performance Evaluation and Decentralization TRUE/FALSE 1. The practice of delegating decision-making authority to lower levels of management in a company is called centralization. 2. In a decentralized company, overall profit margins can mask inefficiencies within the various subdivisions. ANS: […]
Accounting Chapter 11 a favorable maintenance variance could be caused
PTS: 1 DIF: Difficulty: Moderate OBJ: LO: 11-1 NAT: BUSPROG: Analytic STA: AICPA: FN-Decision Modeling | IMA: Budget Preparation | ACBSP: APC–36-Budgeting and Responsibility KEY: Bloom’s: Application NOT: 30 min. 2. Refer to Figure 11-7. Assume that Kipling actually produced […]
Accounting Chapter 11 The two variances for fixed overhead are
36. During the year, Hawkings produced 10,000 units, used 20,000 direct labor hours, and incurred variable overhead of $90,000. Budgeted variable overhead for the year was $88,000. The hours allowed per unit are 2.1. The standard variable overhead rate is […]
Accounting Chapter 11 A static budget compares actual cost
Chapter 11—Flexible Budgets and Overhead Analysis TRUE/FALSE 1. A static budget compares actual cost with budgeted costs. 2. Static budgets are the best benchmarks for preparing a performance report. ANS: F PTS: 1 DIF: Difficulty: Easy OBJ: LO: 11-1 NAT: […]
Accounting Chapter 10 Rhodes Corporation manufactures a product with
14. Rhodes Corporation manufactures a product with the following standard costs: Direct materials (20 yards @ $1.85 per yard) $37.00 Direct labor (4 hours @ $12.00 per hour) 48.00 Standards are based on normal monthly production involving 2,000 direct labor […]
Accounting Chapter 10 What is James’ materials price variance
81. Refer to Figure 10-9. What is James’ materials price variance assuming that materials purchased equals materials used? a. $750,000 F b. $700,000 F c. $700,000 U d. $750,00 U 82. Refer to Figure 10-9. What is James’ materials usage […]
Accounting Chapter 10 The Labor Rate Variance Measures The Difference
Figure 10-2. Highland Company’s standard cost is $250,000. The allowable deviation is 10%. Its actual costs for six months are January $235,000 February 220,000 March 245,000 April 265,000 May 270,000 June 280,000 30. Refer to Figure 10-2. The upper and […]
Accounting Chapter 10 Managers develop quantity standards when they decide
Chapter 10—Standard Costing: A Managerial Control Tool TRUE/FALSE 1. Managers develop quantity standards when they decide what amount of input should be used per unit of output. 2. Managers develop price standards when they determine what amount should be paid […]
Accounting Chapter 9 What is the ending cash balance for October
15. Quillin Company had the following budgeted information for October: 1. October 1 cash balance $3,500 2. Expected sales 2,500 units at $25 each (half in cash, remainder on credit due in November) 3. Inventory purchases 3,000 units at $14 […]
Accounting Chapter 9 Which of the following is an example of myopic
e. It fosters a sense of managerial responsibility. 86. Which of the following is an advantage of participative budgeting? a. It fosters pseudoparticipation. b. It encourages budgetary slack. c. It tends to discourage goal congruence. d. It fosters a sense […]
Accounting Chapter 9 Which The Following Not Advantage Participative
36. In going from the sales budget to the production budget, adjustments to the sales budget need to be made for a. finished goods inventories. b. cash receipts. c. factory overhead costs. d. selling expenses. ANS: A PTS: 1 DIF: […]
Accounting Chapter 9 Bright Lamp Company Manufactures Lamps The
Chapter 9—Profit Planning TRUE/FALSE 1. A strategic plan identifies strategies for future activities and operations, generally covering at least five years. 2. Budgets are financial plans for the future. ANS: T PTS: 1 DIF: Difficulty: Easy OBJ: LO: 9-1 NAT: […]
Accounting Chapter 8 Laird Company uses 405 units of a part each
Indirect materials (variable) 30,000 Other variable overhead 90,000 Fixed manufacturing overhead 180,000 Fixed administrative expenses 150,000 Fixed selling expenses 120,000 Variable selling expenses, per unit 40 Direct labor, per unit 80 Direct materials, per unit 20 Required: Compute the dollar […]
Accounting Chapter 8 What is the value of ending inventory using
33. Refer to Figure 8-8. What is the January ending inventory for Steele Corporation using the variable costing method? a. $260,000 b. $78,000 c. $108,000 d. $90,000 34. Refer to Figure 8-8. What is the March ending inventory for Steele […]
Accounting Chapter 8 Variable costing and absorption costing income
Chapter 8—Absorption and Variable Costing, and Inventory Management TRUE/FALSE 1. Variable costing and absorption costing income statements may differ because of their treatment of fixed factory overhead. 2. Inventory costs under variable costing include only direct materials, direct labor, and […]
Accounting Chapter 7 What is the plantwide overhead rate based on
3. Refer to Figure 7-6. A. What is the plantwide overhead rate based on machine hours? B. Assuming a plantwide overhead rate, what is the unit cost of the basic model? C. Assuming a plantwide overhead rate, what is the […]
Accounting Chapter 7 Rollo Company has developed cost formulas
28. Rollo Company has developed cost formulas for the drivers of the following production activities: Driver Activity Fixed Variable Labor hours Materials -0- 20 Labor hours Labor -0- 10 Machine hours Maintenance 10,000 8 Machine hours Machining 50,000 2 Number […]
Accounting Chapter 6 conversion materials cost total beginning work
A. Units completed 65,000 Units in ending work in process (7,000 x 80%) 3,200 Total equivalent units 68,200 B. Costs to account for: Conversion Materials Cost Total Beginning work in process $23,000 $52,000 $75,000 Incurred during the period $115,000 $195,000 […]
Accounting Chapter 6 The Martin Company uses the weighted average
Figure 6-6. The Martin Company uses the weighted average method. The beginning work in process consists of 6,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 120,000. The ending […]