GEB module 5 quiz (chapter 5, 13, and 14)

A kennel designed for boarding small dogs has current assets of $8,000, current liabilities of $2,000, and fixed assets of $25,000. The small company has a current ratio of:

4

Which of the following statements about knowledge management is true?

Knowledge management focuses on gathering and sharing an organization's collective knowledge to improve productivity and foster innovation.

_____ ratios reflect the speed with which resources are converted to cash or sales.

Liquidity

Which of the following statements about knowledge management is true? Knowledge management is the same as information management. Knowledge management involves collecting, processing, and condensing information. Knowledge management is more easily accomplished than information management. While companies have the ability to manage knowledge, most cannot manage information. None of the above statements about knowledge management is true.

None of the above statements about knowledge management is true.

Collecting data over a period of time and then processing that data all at the same time is called _____ processing.

batch

_____ is the system used to record a firm's financial transactions in a routine and clerical process.

bookkeeping

TD Ameritrade is a company that buys and sells stocks and bonds as well as providing its customers with advice on when to buy and when to sell. TD Ameritrade is an example of a _____, a type of nondepository financial institution.

brokerage firm

A bank charter:

is an operating license for a commercial bank

Symantec Corp. has been granted a judgment totaling $3 million in a suit against a Maryland software firm accused of selling counterfeit copies of Symantec software, including Norton SystemWorks and Norton Antivirus. Symantec d won a legal judgment against the Maryland firm for:

software piracy

Ruth Hu recently inherited $200,000. She has invested the inherited money in real estate and government securities. Hu is using her money as a:

store of value

The Sarbanes-Oxley Act:

made fraudulent financial reporting illegal

Financial Accounting Standards Board (FASB)

private organization that is responsible for establishing financial accounting standards in the United States

Which of the following is NOT an example of a cost of goods sold for a manufacturer of electric fans? housing in which to put the fan motors overtime hours needed to fill a large summer order wood and glass for barometers factory utilities sales commissions

sales commissions

To keep pace with changing technology, officers of the Honolulu Police Department (HPD) needed a better means to perform such tasks as running a license plate number while simultaneously sending back field reports to precinct headquarters. Through the use of a _____, officers were able to use the Internet to connect with the information stored in state databases and to connect with their superiors.

wireless local networks

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. This _____ will be used for solving crimes.

database