BUS101 Unit 7 Study Guide Graded A+
An accounting system should generate both internal and external reports.
Managerial accounting provides all of the following financial information except:
The governor of New York that he has directed the state's Division of Criminal Justice Services to gather...
1). An accounting system should generate both internal and external reports.
Ans: True
2). Managerial accounting provides all of the following financial information except:
Ans: income statements
3). The governor of new york that he has directed the state's division of criminal justice
services to gather dna from the broadest range of convicted criminals permitted under
current law. this will result in the collection of as many as 40,000 dna profiles. the additional
dna profiles may be obtained as a condition of release on parole or probation, as a
condition of participation in the department of correctional services' temporary release
programs, and as a condition of a plea bargain. a computer _____ would allow investigating
officers from other states to access the new york profiles and to provide information about
their state's criminals to new york's law officers.
Ans: network
4). To ensure accuracy and consistency in the way financial information is reported,
accountants follow rules known as:
Ans: generally accepted accounting principles
5). An accounting journal is a chronological list of transactions, each assigned to a particular
account.
Ans: True
6). Intranets, vpns, and extranets are forms of lans.
Ans: False
7). The balance sheet summarizes a firm's financial position over a period of time, for instance
3 months or a year.
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, Ans: False
8). Like local area networks (lans), intranets are private corporate networks.
Ans: True
9). The five-step process that takes a transaction from being mere raw financial data to its
being summarized in the financial statements is called the accounting cycle.
Ans: True
10). The sarbanes-oxley act redefines the public corporation-auditor relationship and restricts
the types of services auditors can provide to clients.
Ans: True
11). A group of two or more computer systems linked together by communications channels to
share data and information is called a computer:
Ans: network
12). It is paramount for a dentist to provide the best patient care possible. the dental assistant,
even though he or she may perform unskilled work such as fitting a patient with a bib, must
also know the proper use of surgical and sterilization techniques to ensure patient safety.
formally educated dental assistants have the knowledge to understand the difference
between sterilization and disinfection, and the relative importance of both. since such are
nearly always performed by dental assistants, a dental assistant can be correctly identified
as a:
Ans: knowledge workers
13). Virtual private networks can be used to connect two or more lans.
Ans: True
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