CHOOSE THE CORRECT ANSWER (NO NEED TO EXPLAIN)

1.Databases were originally developed to address which problem?

a.

to replace the double entry-system

b.

to increase the speed at which an organisation could process transactions

c.

to decrease the costs associated with manual accounting systems

d.

to address the proliferation of redundant data

2. For an action to be called fraudulent, all of the following conditions are required except

a.

False representation

b.

Intent to deceive

c.

Poor judgment

d.

Injury or loss

3. Internal controls are often segregated into

a.

detective controls and preventive controls

b.

system controls and application controls

c.

process controls and general controls

d.

general controls and application controls.

4. Which of the following is not a key decision that needs to be made in the revenue cycle?

a.

How should merchandise be delivered to customers?

b.

Should credit be extended to customers?

c.

How can customer payments be processed to maximise cash flow?

d.

Which vendor should inventory be purchased from?

5. Which type of threat poses the greatest risk to information systems?

a.

Intentional acts (computer crimes)

b.

Unintentional acts

c.

Software errors and equipment malfunctions

d.

Natural and political disasters