Which of the following system descriptions depicts the function and purpose (the what) of the system without reference to, or implications for, the actual way in which the system will be implemented?
A) functional system description
B) logical system description
C) physical system description
D) network system description
B
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The auditor selects entity-wide controls for testing, but NOT transaction controls specific to long-lived assets
a. True b. False Indicate whether the statement is true or false
In response to inflation, marketers may decide to either raise or decrease their prices
Indicate whether the statement is true or false
The recording of amortization of intangibles generally results in a
a. credit directly to the asset account that is being amortized. b. debit directly to the asset account that is being amortized. c. credit a contra-asset account called Accumulated Amortization. d. debit a contra-asset account called Accumulated Amortization. e. none of the above
The purpose behind the headline-grabbing closure of all Starbucks stores for several hours in early 2008 was to
A) avoid news coverage about the layoff of several hundred workers. B) brief employees on the firm's multi-million dollar advertising campaign. C) convey a message to connectors that would energize the firm's stakeholders. D) pre-empt a publicity stunt planned by McDonald's for its new gourmet coffee products. E) prepare for a press conference announcing the acquisition of Second Cup.