If employees are bonded?
  • INVESTIGATE TO DETERMINE WHY THE CHECK HAS NOT CLEARED.
  • REPORTED AS A CURRENT ASSET.
  • ADD $36 TO THE BOOK'S BALANCE(662-626=36)
  • THEY HAVE BEEN INSURED AGAINST MISAPPROPRIATION OF ASSETS
outstanding checks
  • DEDUCT FROM CASH BALANCE PER BOOKS
  • DEDUCT FROM CASH BALANCE PER BANK
  • DEDUT FROM CASH BALANCE PER BOOKS
  • DEDUT FROM CASH BALANCE PER BOOKS.
which of the following is NOT a basic principle of cash management?
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
  • a. cost of establishing control procedures should not exceed their benefit.b. the human elementC. COLLUSIONd. the size of the company.
  • a.safeguard company assetsB. OVERSTATE LIABILITIES IN ORDER TO BE CONSERVATIVEc. enhance the accuracy and reliability of acct. recordsd. reduce the risks of errors
  • a. service chargeB.DEPOSITS IN TRANSITc. nfs check of customerd. collection of a note by the bank.
All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act of 2002 except?
  • a. using renumbered documentsb. reconciling the bank statementC. CUSTOMER SATISFACTION SURVEYSd. Insistence that employees take vacations
  • INDEPENDENT OUTSIDE AUDITORS MUST ELIMINATE REDUNDANT INTERNAL CONTROL
  • a. service chargeB.DEPOSITS IN TRANSITc. nfs check of customerd. collection of a note by the bank.
  • a. opportunityB.INCOMEPATIBLE DUTIESc. financial pressured. rationalization
#1 each of the following is a feature of internal control except?
  • a. limited to assetsb. independent internal verificationsc. authorization of transactions D. GENERIC DESIGN OF DOCUMENTS
  • A. AN EXTENSIVE MARKETING PLANb. bonding of employees.c. separation of dutiesd. recording of all transactions
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
  • a. cost of establishing control procedures should not exceed their benefit.b. the human elementC. COLLUSIONd. the size of the company.
bank service charge
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • REPORTED AS A CURRENT ASSET.
  • DEDUCT FROM CASH BALANCE PER BOOKS
  • DEDUCT FROM CASH BALANCE PER BANK
a check for $236 was correctly paid by the bank but was incorrectly entered in the cash payments journal for $263
  • ADD TO CASH BLANCE PER BANK
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • ADD TO CASH BALANCE PER BANK
  • ADD TO CASH BALANCE PER BOOKS
bank charged a check against the company, which should have been charged to another company
  • ADD TO CASH BALANCE PER BANK
  • DEDUCT FROM CASH BALANCE PER BOOKs
  • ADD TO CASH BLANCE PER BANK
  • ADD TO CASH BALANCE PER BOOKS
which of the following bank reconciliation items would NOT result in an adjusting entry?
  • a. service chargeB.DEPOSITS IN TRANSITc. nfs check of customerd. collection of a note by the bank.
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
  • a.safeguard company assetsB. OVERSTATE LIABILITIES IN ORDER TO BE CONSERVATIVEc. enhance the accuracy and reliability of acct. recordsd. reduce the risks of errors
  • a. opportunityB.INCOMEPATIBLE DUTIESc. financial pressured. rationalization
check for $320 correctly written and paid by the bank but incorrectly entered in the cash payments journal for $230.
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • ADD TO CASH BALANCE PER BOOKS
  • DEDUCT FROM CASH BALANCE PER BANK
  • DEDUCT FROM CASH BALANCE PER BOOKs
Mrs. SMITH has worked for BOSCO inc, for 20 years without taking a vacation. An internal control feature that would address this situation would be?
  • SEGREGATION OF DUTIES IS VIOLATED
  • HUMAN RESOURCES CONTROLS
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • DEBIT ACCOUNTS RECEIVABLECREDIT CASH
restricted cash should be?
  • ADD TO CASH BLANCE PER BANK
  • REPORTED AS A CURRENT ASSET.
  • DEDUCT FROM CASH BALANCE PER BOOKS
  • ORDERING, RECEIVING, PAYING
BANK collects notes receivable and interest for depositor
  • DEDUCT FROM CASH BALANCE PER BOOKs
  • ADD TO CASH BALANCE PER BANK
  • ADD TO CASH BLANCE PER BANK
  • ADD TO CASH BALANCE PER BOOKS
entries are made to PETTY CASH account when?
  • MISCELLANEOUS EXPENSE
  • ORDERING, RECEIVING, PAYING
  • ESTABLISHING THE FUND
  • REPORTED AS A CURRENT ASSET.
A $100 PETTY cash fund has cash of $15 and receipts of $The journal entry to replenish the account would include a credit to
  • CASH For $85
  • ADD TO CASH BALANCE PER BANK
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • ADD TO CASH BALANCE PER BOOKS
bank debit memorandum for check printing fees
  • DEDUT FROM CASH BALANCE PER BOOKS
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • DEDUCT FROM CASH BALANCE PER BOOKs
  • DEDUCT FROM CASH BALANCE PER BANK
while preparing a bank reconciliation, you notice that a check, written by the company for $750 has been outstanding for 5 months. What is the best action to take?
  • SEGREGATION OF DUTIES IS VIOLATED
  • INDEPENDENT OUTSIDE AUDITORS MUST ELIMINATE REDUNDANT INTERNAL CONTROL
  • ADD $36 TO THE BOOK'S BALANCE(662-626=36)
  • INVESTIGATE TO DETERMINE WHY THE CHECK HAS NOT CLEARED.
which of the following is NOT one of the main factors that contribute to fraudulent activity?
  • a.safeguard company assetsB. OVERSTATE LIABILITIES IN ORDER TO BE CONSERVATIVEc. enhance the accuracy and reliability of acct. recordsd. reduce the risks of errors
  • a. opportunityB.INCOMEPATIBLE DUTIESc. financial pressured. rationalization
  • a. service chargeB.DEPOSITS IN TRANSITc. nfs check of customerd. collection of a note by the bank.
  • a. cost of establishing control procedures should not exceed their benefit.b. the human elementC. COLLUSIONd. the size of the company.
all of the following are examples of internal control procedures except:
  • a.safeguard company assetsB. OVERSTATE LIABILITIES IN ORDER TO BE CONSERVATIVEc. enhance the accuracy and reliability of acct. recordsd. reduce the risks of errors
  • a. cost of establishing control procedures should not exceed their benefit.b. the human elementC. COLLUSIONd. the size of the company.
  • a. using renumbered documentsb. reconciling the bank statementC. CUSTOMER SATISFACTION SURVEYSd. Insistence that employees take vacations
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
which of the following is NOT an objective of a system of internal controls?
  • a.safeguard company assetsB. OVERSTATE LIABILITIES IN ORDER TO BE CONSERVATIVEc. enhance the accuracy and reliability of acct. recordsd. reduce the risks of errors
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
  • a. cost of establishing control procedures should not exceed their benefit.b. the human elementC. COLLUSIONd. the size of the company.
  • a. service chargeB.DEPOSITS IN TRANSITc. nfs check of customerd. collection of a note by the bank.
PETTY cash custodian has $86 in paid petty cash vouchers that have not been reimbursed.
  • DOES NOT AFFECT THE BANK RECONCILIATION
  • ADD TO CASH BALANCE PER BANK
  • DEDUT FROM CASH BALANCE PER BOOKS.
  • DEBIT ACCOUNTS RECEIVABLECREDIT CASH
Under the concept of establishments of responsibility, how many people should have the ultimate responsibility?
  • ONLY ONE INDIVIDUAL
  • MISCELLANEOUS EXPENSE
  • ESTABLISHING THE FUND
  • CASH For $85
the entry to replenish a petty cash fund includes a credit to
  • MISCELLANEOUS EXPENSE
  • a. increase collection of receivablesB.KEEP INVENTORY LEVELS HIGHc. delay payment of liabilitiesd.invest idle cash
  • ADD TO CASH BALANCE PER BOOKS
  • CASH
a debit balance in CASH OVER AND SHORT is reported as an
  • MISCELLANEOUS EXPENSE
  • ONLY ONE INDIVIDUAL
  • ESTABLISHING THE FUND
  • DEDUT FROM CASH BALANCE PER BOOKS
Profit sanctuaries are country markets or geographic regions where: A. a company can rank the competitive advantage opportunities in each industry.B. a company possesses good strategic fit with other businesses and identifies the value chain where this fit occurs.C. a company derives substantial profits because of its protected market position or unassailable competitive advantage.D. a company creates substantial investment strategies because it is losing competitive advantage over competitors.E. a company invests its dividends in expanding its foreign market presence.
  • When a company has competitively superior patented technology that it can license to foreign partners.
  • to pay a premium price for a successful local company or to buy a struggling firm at a discount price.
  • a company derives substantial profits because of its protected market position or unassailable competitive advantage.
  • When a company desires to transfer competencies and resources across country boundaries and is striving to build a single, uniform competitive advantage worldwide.
Which of the following does NOT accurately characterize the differences between a localized multidomestic strategy and a global strategy? A. A global strategy entails extensive strategy coordination across countries and a multidomestic strategy entails little or no strategy coordination across countries.B. A global strategy often entails use of the best suppliers from anywhere in the world, whereas a multidomestic strategy may entail fairly extensive use of local suppliers (especially where use of local sources is required by host governments).C. A global strategy tends to involve use of similar distribution and marketing approaches worldwide, whereas a multidomestic strategy often entails adapting distribution and marketing to local customs and the culture of each country.D. A global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized product worldwide, whereas a multidomestic strategy entails pursuing broad differentiation and striving to strongly differentiate its products in one country from the products it sells in other countries.E. A global strategy relies upon the same technologies, competencies, and capabilities worldwide, whereas a multidomestic strategy often entails the use of somewhat different technologies, competencies, and capabilities as may be needed to accommodate local buyer tastes, cultural traditions, and market conditions.
  • Using cross-market transfer strategies to hedge against the risks of exchange rate fluctuations and adverse political developments.
  • A global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized product worldwide, whereas a multidomestic strategy entails pursuing broad differentiation and striving to strongly differentiate its products in one country from the products it sells in other countries.
  • The level of industry-related support activities to foster customization of products and services.
  • The advantages of manufacturing goods in a particular country are largely unaffected by fluctuating exchange rates.
Which of the following is NOT a potential benefit of cross-border strategic alliances or other cooperative arrangements between foreign and domestic companies? A. Gaining wider geographic coverage and access to attractive country markets through the foreign partner's familiarity with the market.B. Gaining better access to scale economies in production and/or marketing.C. Filling competitively important gaps in their technical expertise and/or knowledge of local markets.D. A greater ability to employ a global strategy (as opposed to a multicountry strategy).E. Sharing distribution facilities and dealer networks, thus mutually strengthening their access to buyers.
  • The level of industry-related support activities to foster customization of products and services.
  • An export strategy is especially well suited to accommodating the different needs and preferences of buyers in different countries.
  • Fluctuating exchange rates pose significant risks to a company's competitiveness in foreign markets.
  • A greater ability to employ a global strategy (as opposed to a multicountry strategy).
One way to improve the storage capacity of a hard disk is to:
  • Digital versatile disc
  • have no moving parts.
  • use file compression.
  • disk caching, RAID, and file compression.
Which of these is not a mass storage device?
  • Optical disc
  • Digital versatile disc
  • Pits and lands
  • Access speed
Hard disks store and organize files using all the following, except:
  • Blu-Ray
  • sectors
  • paths
  • RAM
Which of the following measures the amount of time required by the storage device to retrieve data and programs?
  • Fixed amount of storage
  • Optical disc
  • Access speed
  • Cloud computing
Optical discs use these to represent data.
  • Cloud storage
  • Optical disc
  • Pits and lands
  • Flash memory card
The process of accessing information from secondary storage devices is referred to as:
  • head crash
  • capacity
  • reading.
  • sectors
Which of the following is not an example of secondary storage?
  • Fixed amount of storage
  • Digital versatile disc
  • one high-capacity hard disk drive
  • RAM
The standard for high definition optical discs is:
  • Cloud storage
  • Blu-ray
  • RAM
  • capacity
This allows you to upload and store documents on the Internet.
  • Flash memory card
  • Cloud storage
  • Blu-Ray
  • Cloud computing
All of the following are true of DVD-ROM drives except:
  • one high-capacity hard disk drive
  • They are also known as erasable optical discs.
  • disk caching, RAID, and file compression.
  • Fixed amount of storage
Smartphones use which of these storage technologies?
  • Cloud storage
  • Fixed amount of storage
  • have no moving parts.
  • Flash memory card
An external hard disk:
  • usually connects to a USB or FireWire port.
  • can be erased and rewritten.
  • disk caching, RAID, and file compression.
  • use file compression.
These discs have a capacity of 50 gigabytes on one side.
  • capacity
  • Blu-Ray
  • Cloud storage
  • paths
On a hard disk each track is divided into invisible wedge-shaped sections called:
  • head crash
  • sectors
  • reading.
  • paths
A CD-RW disc:
  • Digital versatile disc
  • have no moving parts.
  • usually connects to a USB or FireWire port.
  • can be erased and rewritten.
Solid-state storage devices are different than hard disks in that they:
  • nonvolatile storage.
  • use file compression.
  • Fixed amount of storage
  • have no moving parts.
Three ways to improve the performance of a hard disk include:
  • one high-capacity hard disk drive
  • disk caching, RAID, and file compression.
  • use file compression.
  • They are also known as erasable optical discs.
Which of the following characteristics about RAID is incorrect?
  • Fixed amount of storage
  • one high-capacity hard disk drive
  • Digital versatile disc
  • They are also known as erasable optical discs.
Which of the following is true about an internal hard disk?
  • Fixed amount of storage
  • one high-capacity hard disk drive
  • RAM
  • Digital versatile disc
What is the term used to describe image file that contains multiple small graphics?Select one:a. thumbnail imageb. sprite Correctc. image linkd. viewport
  • True
  • :before
  • media
  • sprite
The ______attribute indicates if a style sheet configures for screen display or the printed page.Select one:a. media Correctb. displayc. internald. viewport
  • media
  • target
  • media query
  • viewport
Components of responsive web design include:Select one:a. fluid layout, flexible images, media queries Correctb. valid syntax, embedded CSS, media queriesc. fluid layout, valid syntax, embedded CSSd. flexible images, media queries, valid syntax
  • Educational Background
  • fluid layout, flexible images, media queries
  • Use percentage or em units for font sizes.
  • when linking to a page on an external website
A benefit of using the CSS Sprites technique is to decrease the number of HTTP request calls to the web server.Select one:True CorrectFalse
  • True
  • 'True'.
  • 'False'.
  • True'.
Mobile web pages should contain exactly the same content as web pages intended for display on desktop browsers.Select one:True IncorrectFalse
  • 'False'.
  • 'True'.
  • viewport
  • True'.
A ________ determines the capability of the mobile device, such as screen resolution, and directs browsers to CSS. Select one:a. spriteb. viewportc. media query Correctd. fragment identifier
  • media="print"
  • media query
  • media
  • viewport
A hyperlink with the phone: scheme may cause a web browser on a mobile device to initiate a phone call.Select one:True IncorrectFalse
  • target
  • True'.
  • 'False'.
  • 'True'.
Select a recommendation for mobile web design from the choices listed below.Select one:a. Use a two-column page layout.b. Use images that display text.c. Use percentage or em units for font sizes. Correctd. Configure all hyperlinks to open in new browser windows.
  • Use percentage or em units for font sizes.
  • Educational Background
  • when linking to a page on an external website
  • fluid layout, flexible images, media queries
Use the ________ property in the HTML link tag to to associate a web page with a style sheet for printing.Select one:a. media="print" Correctb. out="printer"c. media="paper"d. media="screen"
  • media="print"
  • < div id="top">
  • media query
  • viewport
Which pseudo-element can be used to generate content that precedes an element?Select one:a. :afterb. :before Correctc. :contentd. :first-line
  • sprite
  • viewport
  • :before
  • display
Include the keyword ________ in a media query to cause older, non-supporting browsers to ignore the media query.Select one:a. viewportb. metac. skipd. only Correct
  • True
  • only
  • media
  • sprite
How would you link to the named fragment #school on the page resume.html from the home page of the site?Select one:a. Educational Background Correctb. Educational Background c. Educational Background d. Educational Background
  • Use percentage or em units for font sizes.
  • Educational Background
  • fluid layout, flexible images, media queries
  • < div id="top">
It is possible to use CSS to configure page breaks in a printed web page.Select one:True CorrectFalse
  • True'.
  • True
  • target
  • 'True'.
Damascus and Aleppo. Sana'a and Aden. Tripoli and Benghazi. These city pairs illustrate:
  • Jews, Muslims, and Christians
  • Rival urban cores within a single country.
  • It occupies an attractive site and strategic location.
  • The well to do are abandoning the old city.
Which one of these statements about Jerusalem is incorrect?
  • The anchors of the Middle East's urban triangle
  • It occupies an attractive site and strategic location.
  • Being driven by the popularity of mobile internet connections.
  • Petrodollars give Middle Eastern cities a developmental edge over cities in other parts of the world.
Facets of the housing problem in Middle Eastern cities include:
  • Buy something.
  • Parking lots.
  • It occupies an attractive site and strategic location.
  • All of the above
Controls over financial reporting are often classified as preventative, detective or corrective. Which of the following is an example of detective control?
  • detecting management fraud
  • eliminates all risks
  • test controls for all significant accounts.
  • preparing bank reconciliations
Which of the following is not an advantage of establishing an enterprise risk management system within an organization
  • preparing bank reconciliations
  • eliminates all risks
  • detecting management fraud
  • trapezoid to a triangle with a <-> in between it
Which of the following symbols indicate that a file has been consulted
  • eliminates all risks
  • test controls for all significant accounts.
  • trapezoid to a triangle with a <-> in between it
  • detecting management fraud
Effective internal control in a small company that has an insufficient number of employees to permit proper separation of responsibilities can be improved by
  • establish internal control with no material weakness
  • test controls for all significant accounts.
  • direct participation by the owner in key record keeping control activities of the business
  • Knowledge necessary to determine the nature timing and extent of further audit procedures
When a CPA decides that the work performed by internal auditors may have an effect on the nature timing and extent of the CPAS, the CPA should consider the competence and objectivity of the internal auditors. Relative to objectivity, the CPA should:
  • Consider the organizational level to which the internal auditors report the results of their work.
  • Knowledge necessary to determine the nature timing and extent of further audit procedures
  • establish internal control with no material weakness
  • test controls for all significant accounts.
Management of Warren Company has decided to respond to a particular risk by hedging the risk with futures contracts. This is an example of :
  • Avoidance
  • eliminates all risks
  • Knowledge necessary to determine the nature timing and extent of further audit procedures
  • preparing bank reconciliations
When the auditors are performing a first time internal control audit in accordance with the sarbanes oxley act and PCAOB standards they should
  • establish internal control with no material weakness
  • detecting management fraud
  • trapezoid to a triangle with a <-> in between it
  • test controls for all significant accounts.
The have an adequate basis to issue a management report on internal control under section 404 of the sarbanes oxley act management must do all of the following except :
  • direct participation by the owner in key record keeping control activities of the business
  • establish internal control with no material weakness
  • preparing bank reconciliations
  • test controls for all significant accounts.
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