Which of the following statements is true regarding user developed applications (UDAs) and traditional IT applications?

• A.A UDA usually includes system documentation to illustrate its functions, and IT-developed applications typically do not require such documentation.
• B.IT testing personnel usually review both types of applications thoroughly to ensure they were developed properly.
• C.Unlike traditional IT applications. UDAs typically are developed with little consideration of controls.
• D.UDAs arid traditional JT applications typically follow a similar development life cycle

Comment: *

Name: *

Email: *

Verification: *

The first stage in the development of a crisis management program is to:

• A.Practice the response to a crisis.
• B.Conduct a risk analysis.
• C.Formulate contingency plans.
• D.Create a crisis management team.

Comment: *

Name: *

Email: *

Verification: *

A flexible budget is a quantitative expression of a plan that:

• A.Is developed for the actual level of output achieved for the budget period.
• B.Is comprised of the budgeted income statement and its supporting schedules for a budget period.
• C.Focuses on the costs of activities necessary to produce and sell products and services for a budget period.
• D.Project costs on the basis of future improvements in existing practices and procedures during a budget period.

Comment: *

Name: *

Email: *

Verification: *

Which of the following is a limiting factor for capacity expansion?

• A.Government pressure on organizations to increase or maintain employment.
• B.Company diversification.
• C.Production orientation of management.
• D.Lack of credible market leader in the industry.

Comment: *

Name: *

Email: *

Verification: *

An entity offers its customers credit terms of a 2% discount if paid within 10 days or the full balance is due within 30 days2/10, n/30). If some customers take advantage of the cash discount and others do not, which of the following accounts will appear on the income statement if the net method of recording receivables is employed?
Sales Discounts
Sales Discounts Forfeited

• A.Yes Yes
• B.Yes No
• C.No No
• D.No Yes

Comment: *

Name: *

Email: *

Verification: *