_____ are normally responsible for developing cost analyses, design considerations, implementation timelines, and feasibility studies of a computer system before making recommendations to senior management.
A. Database designers
B. Network administrators
C. Project managers
D. Systems analysts
Answer: D
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The Additional Paid-in Capital account normally arises in the accounting records when
A) the number of shares issued exceeds par value. B) the stated value of capital stock is greater than the par value. C) the market value of the stock rises above par value. D) capital stock is issued at an amount greater than par value.
An obligee who transfers a right is known as a(n) ________.
A. third-party contractor B. subassignee C. incidental beneficiary D. assignor
The execution or accomplishment of a project to fulfill customer requirements in accordance with the project scope best defines
A) performance. B) task. C) objective. D) activity.
The accountant for the Bay Company made an error, which understated the ending inventory for Year 1 by $7,000. Bay Company uses the perpetual inventory system. Assuming that this error is not caught and corrected, indicate the effect of the error on each of the following items. Write U (understated), O (overstated) or N (not affected) next to each item. a. Year 2 Beginning Inventory: ________ b. Year 2 Purchases: ________ c. Year 1 Goods Available for Sale: ________ d. Year 1 Net Income: ________ e. Year 1 Retained Earnings ending balance: ________ f. Year 1 Total Assets at end of year: ________ g. Year 2 Net Income: ________ h. Year 2 Retained Earnings ending balance: ________ i. Year 1 Cost of Goods Sold: ________ j. Year 1 Gross Margin: ________
What will be an ideal response?