An extra character added to a numeric code as a device to test the accuracy of data entered into a computer system is called a:
A. control digit
B. check digit
C. mnemonic digit
D. significant digit
Answer: B
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Which of the following statement(s) is/are correct?I. A predetermined overhead rate is used to assign estimated overhead costs to work in process inventory. II. The predetermined overhead rate is calculated by dividing estimated overhead cost by the estimated volume or level of activity. III. The most common means of allocating overhead costs is to calculate a predetermined overhead rate at the end of the period.
A. I and III B. I C. I and II D. II
In a distributed data processing system, a database can be centralized or distributed. Explain each
Which of the following developments has resulted in a transfer of power from manufacturers to retailers?
A. An increase in brand loyalty among consumers has led to an increase in sales promotion activities. B. Increasingly, manufacturers are introducing more private-label brands into the market. C. A significant decrease in promotional sensitivity and time sensitivity among consumers has occurred since the early 2000s. D. Consolidation of the retail industry has resulted in larger chains with greater buying power and clout. E. The advent of optical scanners and computers has given manufacturers access to sales information.
Which element of the expectancy theory is measured in a range from zero to +1?
a. Expectancy b. Instrumentality c. Effort d. Valence