ACCT 307 FINAL REVIEW | 78 QUESTIONS AND
ANSWERS | RATED 100% CORRECT.
Which of the following is an example of a business rule implementing access
controls?
- The warehouse containing inventory must be locked when the inventory
manager is not present.
- Users recording collections cannot modify sales records.
- The computer system shall generate an audit trail.
- Internal auditors shall be used.
- The warehouse containing inventory must be locked when the inventory
manager is not present and user's recording collections cannot modify sales
records are business rules implementing access controls. Answer - The
warehouse containing inventory must be locked when the inventory manager is
not present and user's recording collections cannot modify sales records are
business rules implementing access controls.
Which of the following is not one of the elements to be identified when
developing business rules?
- Important business events.
- Conditions that affects the intention/objective for an event.
- Access controls that limit who can use information.
- Actions to be taken based on conditions. Answer - Access controls that limit
who can use information.
,Which of the following best describes the use of type images in UML class
modeling?
- Allow companies to include graphic images in class models.
- Used to enumerate a many-to-many association between two REA classes.
- Allow modelers to distinguish between types of activities in an activity
diagram.
- Allow categorization of REA classes based on management's information
needs. Answer - Allow categorization of REA classes based on management's
information needs.
In the generic REA model for the sales and collections process, the
multiplicities between the Sales and Cash Receipts classes are displayed with
question marks. Which of the following best explains this?
- The direction of process flow depends on the nature of the business.
- The quantities of items sold can't be determined until the sale occurs.
- The actual values will depend on the nature of the business.
- The customer determines the multiplicities for this association. Answer - The
actual values will depend on the nature of the business.
Which of following best describes the control activities that access controls can
help implement?
- Document control.
- Safeguard assets.
- Segregation of duties.
- Monitoring. Answer - Segregation of duties
, In Access, system designers sometimes set range limits for values of attributes
so users can't enter unreasonable values; this is an example of what kind of
controls?
- Application.
- Access.
- Internal.
- Management. Answer - Application
Which of the following best describes the first step in the process for
developing business rules?
- Prepare an activity diagram.
- Identify important events (or steps) in a process.
- Prepare a structure diagram.
- Review process documentation. Answer - Identify important events (or steps)
in a process.
Which of the following is not an activity in the purchases and payments
process?
- Request prices
- Receive items
- Pay for items
- Bill customers
- All of the choices are activities in the purchases and payments process.
Answer - Bill Customers
ANSWERS | RATED 100% CORRECT.
Which of the following is an example of a business rule implementing access
controls?
- The warehouse containing inventory must be locked when the inventory
manager is not present.
- Users recording collections cannot modify sales records.
- The computer system shall generate an audit trail.
- Internal auditors shall be used.
- The warehouse containing inventory must be locked when the inventory
manager is not present and user's recording collections cannot modify sales
records are business rules implementing access controls. Answer - The
warehouse containing inventory must be locked when the inventory manager is
not present and user's recording collections cannot modify sales records are
business rules implementing access controls.
Which of the following is not one of the elements to be identified when
developing business rules?
- Important business events.
- Conditions that affects the intention/objective for an event.
- Access controls that limit who can use information.
- Actions to be taken based on conditions. Answer - Access controls that limit
who can use information.
,Which of the following best describes the use of type images in UML class
modeling?
- Allow companies to include graphic images in class models.
- Used to enumerate a many-to-many association between two REA classes.
- Allow modelers to distinguish between types of activities in an activity
diagram.
- Allow categorization of REA classes based on management's information
needs. Answer - Allow categorization of REA classes based on management's
information needs.
In the generic REA model for the sales and collections process, the
multiplicities between the Sales and Cash Receipts classes are displayed with
question marks. Which of the following best explains this?
- The direction of process flow depends on the nature of the business.
- The quantities of items sold can't be determined until the sale occurs.
- The actual values will depend on the nature of the business.
- The customer determines the multiplicities for this association. Answer - The
actual values will depend on the nature of the business.
Which of following best describes the control activities that access controls can
help implement?
- Document control.
- Safeguard assets.
- Segregation of duties.
- Monitoring. Answer - Segregation of duties
, In Access, system designers sometimes set range limits for values of attributes
so users can't enter unreasonable values; this is an example of what kind of
controls?
- Application.
- Access.
- Internal.
- Management. Answer - Application
Which of the following best describes the first step in the process for
developing business rules?
- Prepare an activity diagram.
- Identify important events (or steps) in a process.
- Prepare a structure diagram.
- Review process documentation. Answer - Identify important events (or steps)
in a process.
Which of the following is not an activity in the purchases and payments
process?
- Request prices
- Receive items
- Pay for items
- Bill customers
- All of the choices are activities in the purchases and payments process.
Answer - Bill Customers
