BSNS115

BSNS 115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Techniques to achieve business goals SCM, CRM ES What is information science? The study of information and its role within organisations interests of information science - The manner in which information is collected, structured, stored and received -How information is communicated using various techniques -The role information plays in making strategic decisions Data Raw facts, no context, meaningless Information ...

BSNS115 EXAM QUESTIONS AND ANSWERS VERIFIED GRADED A++ What is a direct cost? Can easily and conveniently be traced to a unit of product eg - material used for sewing dresses at a dress maker POAR formula Cost Pool / CAB Qualitative decision making rule in make or buy? Make - avoidable costs must be less than purchase price Buy - avoidable costs must be more than purchase price What is product mix? - Use of scarce resources - How to make the most amount of money with a constraint -...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ ICT Definition Tools that permit the recording and processing of data to produce information for interpretation and transmission Who invented the mobile phone? a) Stephen Jobbs b) Martin Cooper c) Bill Gates d) Joseph Licklider b The information cost of production paradox shows that? Over time information becomes cheaper to produce therefore more information is generated Properties of data • Raw facts • No c...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Manipulation is least likely to occur in which financial statement? a. The statement of cash flows which of the following found in the income statement? Sales revenue which of the following is an asset? Accounts payable which of the following is not a business transaction? Recruiting a new employee who is yet to start an owner invests $70,000 to expand the business. As a result, this transaction will: increase equity...

BSNS 115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION GRADED A++ Comparative information allows users to see how firm's financial position has changed between current and past financial periods cash basis only when actual cash moves Accrural basis accounting recorded in the period the transaction occurs regardless of whether cash moves Net assets= OE Management accounting classified by the way it behaves Finc accounting classified by nature or function Total cost= fixed cos...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE what is accounting the process of identifying measuring and communicating economic information for decision making purposes Accounting as an information system information identification - info recording - info analysis - info reporting Internal users of accounting Extremely valuable to an entity owner or management - working in the org External users: Parties outside outside the entity eg: government, cust...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Cost-Volume-Profit Analysis Main tool of managers for decision making, looks at the relationship between the costs of the firm and the volume of output they produce. Managers use this information to investigate how each product is performing and how well the firm is keeping costs down - vital for profit maximisation Variable costs Costs that only occur with production and change with the level of activity Fi...

BSNS 115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE VERIFIED ANSWERS What are the components of IS Hardwear Database Network People Software Which all link to the computer-based information system via procedures. What are the 4 types of information systems? - Transactional processing - Functional areas - Integration - Support for decision making Operational information systems Focus on improving the performance of day-to-day activities Strategic Systems Attempt to optimise or enco...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ professional bodies represent groups of professionally qualified people in specific types of work financial reports summarized information about the financial status of a business the accounting process identifying, measuring, and communicating economic information about an entity to a variety of users for decision making purposes business transactions External exchange of something of value between two or more entit...

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary. Accounting The process of identifying, recording, and analysing useful economic information to help the user make decisions. Relevant Range The level of activity over which a particular cost behav...