QUESTION A budget quantifies all of a company’s expected inflows and outflows of cash. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Income and revenue are not the same thing. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A company can still have cash flow problems if it is profitable. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Which of the following is at issue between Marquand and Stevenson? A) whether online selling is an important factor in business today B) whether information technology has made a significant difference to businesses C) whether doing business is significantly helped by online communications D) what the most important effect of information technology has been […]
Date: September 3rd, 2020
QUESTION Which of the following is NOT a financial statement? A) cash flow statement B) general ledger C) income statement D) balance sheet ANSWER B
Date: September 3rd, 2020
QUESTION The IT department has recommended that Otto use data mining to build customer profiles and prepare business models to predict future purchasing behavior. Otto’s CEO is not in favor of data mining and argues that it shouldn’t be used. Which of the following statements, if true, supports the CEO’s argument for NOT using data […]
Date: September 3rd, 2020
QUESTION Which of the following is NOT a factor affecting standard of living? A) your income B) the quality of goods and services available to you C) tour well-being D) the consumption patterns of the people in your community ANSWER C
Date: September 3rd, 2020
QUESTION Cookies seem like a whimsical and harmless name for information technology. What is the purpose of cookies, and what are their potential drawbacks? What will be an ideal response? ANSWER Answer: Cookies are text files that store personal website data such as login name, password, and site preferences. They let a site remember […]
Date: September 3rd, 2020
QUESTION Raw data often needs to be processed into information to effectively support business decision making. But not all information is created equal. What five qualities are necessary for information to be useful? What will be an ideal response? ANSWER Answer: To be useful, information must be accurate, complete, relevant, timely, and secure. Explanation: […]
Date: September 3rd, 2020
QUESTION Computers do many cool things, from playing music and supporting social media to helping children read. From a business decisions perspective, what is the primary purpose of a computer? What will be an ideal response? ANSWER Answer: For a business, the basic purpose of a computer is to process data into useful information. […]
Date: September 3rd, 2020
