Which of the following is an advantage of competency-based systems?
A. They are free of vagueness and subjectivity.
B. They are more flexible than job-based pay systems.
C. They eliminate the need to control costs.
D. They are free of perceptual biases.
E. They are free of potential bureaucracy.
Answer: B
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Which of the following statements regarding the black-box approach for systems auditing is correct?
A. The auditors need to gain detailed knowledge of the systems' internal logic. B. The auditors first calculate expected results from the transactions entered into the system. Then, the auditors compare these calculations to the processing or output results. C. The black-box approach could be adequate when automated systems applications are complicated. D. All of these answers are correct.
In order to estimate the average time spent per student on the computer terminals at a local university, data were collected for a sample of 64 business students over a one-week period. Assume the population standard deviation is 1.6 hours. The standard error of the mean is
A. 1.6. B. .025. C. 2.00. D. .20.
Which of the following is true regarding the government-wide Statement of Net Position?
A. Both Discretely presented component units are included in a separate column (or columns) & Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved. B. Discretely presented component units are included in a separate column (or columns). C. Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved. D. Neither Discretely presented component units are included in a separate column (or columns) nor Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved.
A discount broker executes trades but does not provide much advice
Indicate whether this statement is true or false.