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ACC 564 Week 8 Quiz 3 Question 1 A validity check is an example of a(n)
Question 2 ________ involves copying only the data items that have changed since the last partial backup.
Question 3 Data matching is an example of a(n)
This tests a numerical amount to ensure that it does not exceed a predetermined value nor fall below another predetermined value.
A facility that contains all the computing equipment the organization needs to perform its essential business activities is known as a
Question 6 The evidence collection method that examines all supporting documents to determine the validity of a transaction is called
Question 7 With which stage in the auditing process are the consideration of risk factors and materiality most associated?
Question 8 An auditor must be willing to accept some degree of risk that the audit conclusion is incorrect. Accordingly, the auditor's objective is to seek ________ that no material error exists in the information audited.
Question 9 The information systems audit objective that pertains to source data being processed into some form of output is known as
Question 10 An auditor manually calculates accumulated depreciation on a delivery van and compares her calculation with accounting records. This is an example collecting audit evidence by
Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, ________ are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.
Question 12 A way to incorporate the advantages of Electronic Data Interchange with the Electronic Funds Transfer is
Question 13 How is credit approval generally handled for established customers with a documented payment history?
The manager of Callow Youth Clothing was entering an order online from Sad Clown Pajamas. He ordered 100 one-size fits all pajama bottoms, but when he ordered 1000 onesize fits all pajama tops, the following error message popped up: "Did you mean to enter a quantity of 1000 for your order?" This message is the result of a
Question 15 The activities involved in soliciting and processing customer orders within the revenue cycle are known as the ________.
What is the key difference between the MRP and JIT inventory management approaches?
Question 17 A(n) ________ system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check.
Question 18 Bob Chum is the sales manager at Folding Squid Technologies. At lunch with the company CEO, he proudly announced that he had received a ________ from a client to buy a large quantity of components from Folding Squid.
One of the basic activities in the expenditure cycle is the receiving and storage of goods, supplies, and services. What is the counterpart of this activity in the revenue cycle?
Question 20 One of the major responsibilities of the receiving department is