The funds-needed line does not pass through the origin unless the entity has a:

• A.One-hundred percent dividend payout policy
• B.Zero percent dividend payout policy
• C.One-hundred percent sales growth rate
• D.Zero percent sales growth rate

Comment: *

Name: *

Email: *

Verification: *

In a diluted earnings-per-share computation, outstanding options issued by the reporting entity are assumed to be exercised. If the exercise price of these options exceeds the average market price, the computation would:

• A.Fairly present diluted earnings per share on a prospective basis.
• B.Fairly present the maximum potential dilution of diluted earnings per share on a prospective basis.
• C.Reflect the excess of the number of shares assumed issued at the average market price over the number of shares assumed issued at the exercise price.
• D.Be anti dilutive.

Comment: *

Name: *

Email: *

Verification: *

According to MA guidance on IT. which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?

• A.Check-in and check-out software is used to control versions.
• B.Formulas and static data are locked or protected.
• C.The spreadsheet is stored on a network server that is backed up daily.
• D.The purpose and use of the spreadsheet are documented.

Comment: *

Name: *

Email: *

Verification: *

Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?

• A.Expand the use of automated controls.
• B.Enhance the functionality of application systems.
• C.Promote closer linkage between organizational strategy and information.
• D.Provide users with greater online access to information systems.

Comment: *

Name: *

Email: *

Verification: *

Which of the following strategies is most appropriate for an industry that is in decline?

• A.Control costs.
• B.Invest in research and development.
• C.Shift toward mass production.
• D.Invest in marketing.

Comment: *

Name: *

Email: *

Verification: *