Archives: Quiz

________ are associated with testing to ensure that products meet quality standards. A) External failure costs B) Inspection costs C) Internal failure costs D) Prevention costs Labor productivity is measured by the quantity produced divided by the labor time required […]

The principle of selecting and developing controls that might help mitigate risks to an acceptable level belongs to which of the COSO’s Internal Control Model’s component? A) Control environment. B) Risk assessment. C) Control activities. D) Information and communication. How […]

When canned software is used for systems acquisition, the physical design phase of the systems development life cycle (SDLC) A) does not involve designing and coding, although modifications may still need to be made. B) is combined with the conceptual […]

An accounts receivable aging report is useful for doing everything except A) estimating bad debts. B) estimating future sales. C) projecting the timing of future cash flows. D) deciding whether to increase a specific customer’s credit limit. Which symbol would […]

Which of the statements below is false with regards to the tables for M:N relationships? A) Non-key attributes may be included. B) Multiple attribute primary keys are used. C) Single attribute primary keys may be used. D) Concatenated keys are […]

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the A) business activity. B) resources affected by the business activity. C) people who participate in the business […]

A company uses the method for tracking accounts receivable where customers pay according to individual sales invoices. This describes the ________ method. A) monthly statement B) open-invoice C) balance forward D) cycle billing Helge Autoparts sells new and refurbished auto […]

Probably the most important change management control is A) monitoring user rights and privileges during the change process. B) testing all changes thoroughly prior to implementation on a stand-alone computer. C) updating all documentation to reflect changes made to the […]

A special purpose hardware device or software running on a general purpose computer, which filters information that is allowed to enter and leave the organization’s information system, is known as a(n) A) demilitarized zone. B) intrusion detection system. C) intrusion […]

Tools called ________ can be used to identify unused and, therefore, unnecessary programs that represent potential security threats. A) router scanners B) vulnerabilities scanners C) deep inspection scanners D) TCP scanners What role does the information systems steering committee play […]

Which of the following is not an example of how an AIS adds value to an organization? A) Patient information at a hospital are encrypted and made only available on the hospital’s network to the patient with an access code. […]

Identify the first step in protecting the confidentiality of intellectual property below. A) Identifying who has access to the intellectual property. B) Identifying the means necessary to protect the intellectual property. C) Identifying the weaknesses surrounding the creation of the […]

Use the chart below to answer the following questions regarding flow chart symbols. Which symbol would be used in a flowchart to represent a computer process? A) #1 B) #2 C) #5 D) #3 Perimeter defense is an example of […]

What control would best mitigate the threat of paying an invoice twice? A) never authorizing payment of a photocopy of an invoice B) double-checking mathematical accuracy of invoices C) approval of purchase orders D) maintaining adequate perpetual inventory records In […]

The project committee for ALDI corporation is attempting to evaluate design alternatives proposed for a new, organization-wide accounting information system. However, there is a great deal of debate regarding whether the system should be standardized on using tapes, disks, hard […]

E-R diagrams can be used to represent the contents of any kind of database. SOX suggested the fraud hotline as a mechanism for employees to report fraud and abuse. FALSE An accounting information system requires at least one computer. FALSE […]

A REA diagram can be used to verify whether job functions are properly segregated. The EOQ approach to managing inventory has been gaining popularity in recent years. FALSE A credit sale should always be denied if it exceeds the customer’s […]

Which of the following is NOT true about Islam? A) Islam prohibits gambling. B) Islam condemns charging interest for money loaned. C) Islam discourages free trade. D) Islam prohibits drinking alcoholic drinks . Through ________, a subsidiary can defer payment […]

If last year one dollar equaled one euro, and then the exchange rate shifted so that today one dollar equals two euros, which of the following would most likely NOT occur? A) European firms would pay more for raw materials […]

Which of the following best characterizes the functions of the World Bank? A) monitor interest rates in emerging economies B) provide loans and technical assistance to developing countries C) offer financial assistance to small businesses D) initiate trading for impoverished […]

4 ) Understand and create an REA diagram for the HR/payroll cycle. Ans: not provided 2 ) Extend REA diagrams to include information about employee roles, M:N agentevent relationships, locations, and relationships between resources and agents. Ans: not provided 2 […]

Which of the following best characterizes the concept of global integration? A) Effective global competition requires that products be specialized based on the market. B) Making adjustments for unique markets is an essential element of international business. C) Creating variations […]

Convergence of consumer preferences has led to an enhanced emphasis on standardization which implies that ________. A) the consistently rising prices of consumer goods have led to a demand vacuum in the market B) the distance between consumers worldwide has […]

Which of the following is true with regard to firm-level theories? A) Firm-level theories are classical theories, widely accepted since the sixteenth century. B) Firm-level explanations address the question: “How can internationalizing firms gain and sustain competitive advantage?” C) Firm-level […]

Which of the following reflects the major contribution of GATT to globalization? A) It instituted strict controls on international currencies. B) It simplified patent and copyright laws. C) It reduced barriers to international trade and investment. D) It eliminated the […]

Cross-cultural proficiency is characterized by all of the following EXCEPT ________. A) perceptiveness B) flexibility and adaptability C) valuing personal relationships D) tolerance for ambiguity ________ tends to worsen culture shock. A) The ability to speak more than one language […]

The relocation of a business process or entire manufacturing facility to a foreign country is known as ________. A) offshoring B) captive sourcing C) outsourcing D) subsidizing Which of the following would most likely be considered an appropriate action for […]

Which of the following types of assumptions is the cause of most problems between business managers and foreign employees? A) geocentric assumptions B) ethnocentric assumptions C) polycentric assumptions D) religious assumptions Which of the following countries hosts the greatest number […]

Adaptation is often necessitated due to ________. A) differences across countries in language, culture, economic conditions, and other factors B) unstable demand C) high import tariffs D) similarities in customer preferences across various demographic groups worldwide and the increased emphasis […]

Which of the following is subject to importing and exporting? A) both finished products and intermediate goods B) finished products but not intermediate goods C) intermediate goods but not raw materials D) raw materials and components, but not finished products […]

Typically, administrative and bureaucratic procedures ________. A) speed up the investment activities of firms B) hinder the activities of importers C) boost investment activities D) harm late importers Which of the following is characteristic of cross-border contractual relationships? A) When […]

Firms use foreign trade zones to ________. A) consolidate market monopolies B) assemble foreign dutiable materials and components into finished products, which are then re-exported C) create employment opportunities for the local people D) meet quota demands established by the […]

Which of the following best explains why India was once characterized by high country risk? A) taxes and financial incentives benefited Indian businesses over foreign firms B) Indian business leaders distrusted most European corporations C) political leaders enacted laws that […]

The problem of noncomparable outcomes arises because of differences in economic, political, legal, and cultural variables. International Management Qualifications (Scenario) Core Computer Corporation (CCC) recently opened a customer service facility in New Delhi, India. Managers of the Texas-based firm have […]

Over the last few decades, export activity by nations has grown more quickly than has domestic production. According to the indexing and ranking method for choosing the most promising target market, the researcher assigns scores to countries based on their […]

When assessing the firm’s readiness to internationalize, managers peer into their organization to determine the degree to which it has the resources necessary to successfully engage in international business. Estimating project cash flows is complex and requires forecasting a range […]

Nations with economies based on agriculture and textile manufacturing generate more economic revenue than do nations with many high-tech industries. Global sourcing eliminates the possibility of new rivals being created in a country. FALSE Given the complexities of international business, […]

Currency Arbitragers are currency traders who seek to minimize their risk of exchange-rate fluctuations, often by entering into forward contracts or similar financial instruments. Relative efficiency of production refers to the total value of assets that MNEs own abroad via […]

When sourcing relies on foreign suppliers or production bases, it is known as global sourcing or offshoring. Treaties that support international protection of intellectual property harm developing economies due to high capital investment. FALSE Born global firms are young companies […]

The failure rate of collaborative ventures is higher in developing economies than in advanced economies. With a global strategy, headquarters seeks substantial control over its country operations in order to minimize redundancy and achieve maximum efficiency, learning, and integration worldwide. […]

Technological advances have helped make internationalization affordable for all sizes of firms. Commodities, industrial equipment, and technology products are difficult to standardize. FALSE Regional integration greatly increases the scale of the marketplace for firms inside the economic bloc. TRUE Ethics […]

Global sourcing hinders firms from freeing expensive analysts, engineers, and managers from routine tasks. The global capital market has grown rapidly due to government deregulation, which has made international movement of capital easier. TRUE Infringement of intellectual property is the […]

All else being equal, the greater the demand for a currency, the lower its price; the lower the demand for a currency, the higher its price. Converging tastes of consumers worldwide promote traditional lifestyles. FALSE Strategic global teams identify or […]

MNEs with a global mindset encourage an ethnocentric orientation among managers and employees working abroad. Confiscation is the seizure of assets with compensation. FALSE A patent exclusively refers to a distinctive design, symbol, logo, word, or series of words placed […]

Tariffs rarely vary with the form of an imported product. Corporate codes of conduct emphasize standards related to ethics and social responsibilities. TRUE Local tradition, culture, and cost of living do not influence compensation packages. FALSE In cultures with a […]

Governments have facilitated economic integration by lowering barriers to international trade and investment, harmonizing their monetary and fiscal policies within regional economic integration blocs. Many emerging market economies are dominated by family-owned rather than publicly owned businesses. TRUE Value chain […]

Developing new product designs and new ways of organizing or training are some of the ways in which companies innovate. Grease payments intended to expedite transactions are both accepted and legal in many countries. TRUE Expatriates usually do not receive […]

According to Porter, the competitive advantage of a nation depends on the collective competitive advantages of the nation’s firms. Firms prefer HCNs when the host-country environment is complex and their specialized knowledge or local connections are required in the local […]

________ pay is defined as added pay for employees that have reached pay range maximums and are unlikely to move into higher grades. A) Longevity B) Merit C) Seniority-based D) Incentive What does Quartile 3 represent? A) figures that are […]

This is the systematic process for recognizing differences in the relative worth among a set of jobs and for establishing pay differentials accordingly. A) job analysis B) job content C) job evaluation D) job-relatedness Which one of the following would […]