Government definitions of "high-technology" are often based on:
a. newness of the product in a category.
b. scientific process of discovery.
c. percentage of R&D spending or number of technical workers employed in an industry.
d. capacity of informational services.
e. early adopter opinion.
c
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A typical objective of an operational audit is for the auditor to:
A. report on the entity's relative success in attaining profit maximization. B. determine whether the financial statements present fairly the entity's operations. C. make recommendations for improving performance. D. evaluate the feasibility of attaining the entity's operational objectives.
What primary IT functions must be separated in a centralized firm?
Prayer Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 19,000 13,000Direct labor-hours 1,000 8,000Total fixed manufacturing overhead cost$110,200$68,800Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.60 The estimated total manufacturing overhead for the Machining Department is closest to:
A. $38,000 B. $148,200 C. $299,725 D. $110,200
Giorgi is frustrated with the estimates he’s received for building an IT portal for his company to allow his suppliers, distributors, and customers to all easily connect online. Since he needs a system that is reliable and responsive to sudden changes in the market, he has decided to go with a cloud-based system run by another company that has the expertise his company lacks. The company he chose is an example of a(n) ______.
a. internet commerce intermediary b. command and control center c. supply chain source point d. third-party logistics provider