What are the advantages and disadvantages of two-way communication over one-way communication?
What will be an ideal response?
Two-way communication is more difficult and time-consuming than one-way communication. However, it is more accurate; fewer mistakes occur, and fewer problems arise.
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Which input control check would detect a payment made to a nonexistent vendor?
a. missing data check b. numeric/alphabetic check c. range check d. validity check
Which of the following is a true statement regarding elimination entries necessary for the preparation of consolidated financial statements?
a. The entries appear only on the consolidated work sheet. b. The entries contain either debits or credits, but not both. c. The entries are made only for intercompany receivables, payables, and sales. d. The entries are recorded in the consolidated general journal and posted to the consolidated general ledger.
Akai has a portfolio of three assets. Find the expected rate of return for the portfolio assuming he invests 50 percent of its money in asset A with 10 percent rate of return, 30 percent in asset B with a rate of return of 20 percent, and the rest in
asset C with 30 percent rate of return.
System inputs and outputs are produced at the end of the:
A) systems analysis phase of the SDLC. B) systems design phase of the SDLC. C) systems planning and selection phase of the SDLC. D) systems implementation and operation phase of the SDLC. E) logic modeling stage.