A commercial software system that is completely finished, tested, and ready for implementation is called a
a. backbone system
b. vendor-supported system
c. benchmark system
d. turnkey system
D
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The Dividend account is known as which of the following?
a. Nominal account b. Closing account c. Real account d. both b and c
The Web site's architecture should be flexible enough to allow all of the following except:
A) different dates. B) currency. C) money formatting. D) local culture. E) privacy.
In making the business case for an IT investment, companies should assess the sensitivity of results to the assumptions.
Answer the following statement true (T) or false (F)
As a starting point for testing capital stock and equity transactions, which of the following should the auditor perform?
a. Trace the proceeds of stock sold to the cash receipts journal. b. Review the minutes of the board of directors meetings. c. Examine documentation maintained by the transfer agent. d. Review a copy of the client's articles of incorporation.