COBA Exam UPDATED QUESTIONS WITH CORECT
SOLVED ANSWERS A+ GRADED.
4 Basic Types of Forecasting - CORRECT ANSWER✅✅- Qualitative
- Time Series
- Causal Relationships
- Simulation
Absolute Advantage - CORRECT ANSWER✅✅Who can produce more
Abstraction - CORRECT ANSWER✅✅Hiding the complex implementation and
exposing only relevant details.
Acceptance Testing - CORRECT ANSWER✅✅- Done primarily by the users with
support from the project team
- Confirms that the system is complete, meets business needs, and is acceptable to
users
Accounting - CORRECT ANSWER✅✅- System of recording economic events and
reporting them
- Financial focuses on external users (investors, creditors)
Acing Job Interview - CORRECT ANSWER✅✅- Dress appropriately and avoid
overaccessorizing
- Respond effectively to questions (success stories/STAR method)
- Succeed in online interviews
- Follow up after the interview (thank you note)
Adjustment Entries - CORRECT ANSWER✅✅- Always relate to accruals or deferrals
- Never involve cash
Agile Development - CORRECT ANSWER✅✅- Group of programming centric
methodologies that focus on streamlining the SDLC
- Much of the modeling and documentation overhead is eliminated
- Prefers face-to-face communication
- Emphasizes simple, iterative application development
- Short cycles (1-4 weeks)
Allocation Base - CORRECT ANSWER✅✅- A factor that is expected to cause indirect
costs to increase or decrease
- Ex: DL hours, machine hours
,Allocation Rate formula - CORRECT ANSWER✅✅Total estimated indirect costs / Total
estimated amount of allocation base
Analysis of Strategic Objectives - CORRECT ANSWER✅✅- Strategic goals (vision,
mission, strategic objectives)
- Internal and external environment
Application Software - CORRECT ANSWER✅✅a set of computer programs that helps
a person carry out a task
Architecture Design - CORRECT ANSWER✅✅describes the hardware, software, and
network infrastructure that will be used
Attribute - CORRECT ANSWER✅✅- a characteristic of an entity
- ex: in a student information system, for Student entity: Student ID, Student Phone, etc.
Average Cost (AC) - CORRECT ANSWER✅✅The cost of production per unit of output.
Average Product (AP) - CORRECT ANSWER✅✅- the average amount produced by
each unit of an variable factor of production
- TP / L
Bar Chart - CORRECT ANSWER✅✅Depicts the frequency or the relative frequency for
each category of the qualitative data as a series of vertical or horizontal bars
Before working with databases in Python, what must you do first? - CORRECT
ANSWER✅✅import sqlite3
Before-tax Cost of Debt formula - CORRECT ANSWER✅✅- PV = PMT x [(1 - (1 / (1+
iD)^n)) / iD] + [FV / (1 + iD)^n]
- solve for iD
Board of Directors Responsibilities - CORRECT ANSWER✅✅- Approving strategic
goals and plans
- Setting policy
- Guiding corporate affairs
- Approving major expenditures
Bond Markets Basics - CORRECT ANSWER✅✅- Total volume far exceeds stock
- Most trading takes place over the counter
Bond: Coupon - CORRECT ANSWER✅✅annual interest rate paid by issuer
Bond: Face/Par Value - CORRECT ANSWER✅✅value at maturity
,Bond: Maturity - CORRECT ANSWER✅✅Date when bond principal is repaid.
Business-Level strategy - CORRECT ANSWER✅✅- How to compete in a given
business to attain competitive advantage
Calculate Depreciation Expense - CORRECT ANSWER✅✅- (Cost - Salvage Value) /
Useful Life
- Increases accumulated depreciation, decreases, book value
Calculate Interest Expense - CORRECT ANSWER✅✅- Principal x interest rate x
adjustment (if needed)
- Ex: if you're paying within 8 months, adjustment will be 8/12
Capital Investment Analysis - CORRECT ANSWER✅✅the process by which
management plans, evaluates, and controls investments in fixed assets
Capital Market - CORRECT ANSWER✅✅- A market that enables suppliers and
demanders of long-term funds to make transactions
- Bonds, common and preferred stock
Capital Structure - CORRECT ANSWER✅✅Funding of project done by debt or equity
Category Data Type - CORRECT ANSWER✅✅- Data grouped into categories
- Nominal or Ordinal
Causal Forecasting - CORRECT ANSWER✅✅- dependent variable is related to one or
more independent variables
- independent variables are assumed to "cause" the results observed in the past
Chronological Resumes - CORRECT ANSWER✅✅- Information grouped by work and
education over time
- Most common and generally more preferred
Coercive Power - CORRECT ANSWER✅✅- Based on the followers' fear that
noncompliance with the leader's wishes will lead to punishment
Collecting Accounts Receivable - CORRECT ANSWER✅✅- Increases cash and
reduces accounts receivable by same amount
- Revenue not recorded since it already was beforehand
Common Mistake for Resumes and Cover Letters - CORRECT ANSWER✅✅- Try to
showcase all skills and achievements
- Can lead to scattered message and dilute the focus on key abilities and attributes
, Common Stock - CORRECT ANSWER✅✅- Equity without priority for dividends or in
bankruptcy
- May have multiple classes
Communication Protocols - CORRECT ANSWER✅✅a set of rules for efficiently
transmitting data from one network node to another
Comparative Advantage - CORRECT ANSWER✅✅Who can produce at a lower
opportunity cost (more efficiently)
Compliance-based Ethics Programs - CORRECT ANSWER✅✅- Designed by a
corporate counsel with the goal of preventing, detecting, and punishing legal violations
Components of a Computer - CORRECT ANSWER✅✅- CPU
- Display device
- Camera
- Mouse and Keyboard
- System unit
- Hard disk drive
- CD drive
- Battery
Components of Cover Letter - CORRECT ANSWER✅✅- Interest in position
- Match with position
- Call to action
Components of Information System - CORRECT ANSWER✅✅- People
- Procedures
- Hardware
- Software
- Communication Networks
Components of Interpersonal Communication - CORRECT ANSWER✅✅- Language
- Data
- Information
- Richness
Computer Network vs Internet - CORRECT ANSWER✅✅A computer network is a
connection of devices, while the Internet is a network of networks
Conscientiousness - CORRECT ANSWER✅✅tendency to be careful, scrupulous, and
persevering
- these people are less likely to be absent from work
- more motivated and perform better than others
SOLVED ANSWERS A+ GRADED.
4 Basic Types of Forecasting - CORRECT ANSWER✅✅- Qualitative
- Time Series
- Causal Relationships
- Simulation
Absolute Advantage - CORRECT ANSWER✅✅Who can produce more
Abstraction - CORRECT ANSWER✅✅Hiding the complex implementation and
exposing only relevant details.
Acceptance Testing - CORRECT ANSWER✅✅- Done primarily by the users with
support from the project team
- Confirms that the system is complete, meets business needs, and is acceptable to
users
Accounting - CORRECT ANSWER✅✅- System of recording economic events and
reporting them
- Financial focuses on external users (investors, creditors)
Acing Job Interview - CORRECT ANSWER✅✅- Dress appropriately and avoid
overaccessorizing
- Respond effectively to questions (success stories/STAR method)
- Succeed in online interviews
- Follow up after the interview (thank you note)
Adjustment Entries - CORRECT ANSWER✅✅- Always relate to accruals or deferrals
- Never involve cash
Agile Development - CORRECT ANSWER✅✅- Group of programming centric
methodologies that focus on streamlining the SDLC
- Much of the modeling and documentation overhead is eliminated
- Prefers face-to-face communication
- Emphasizes simple, iterative application development
- Short cycles (1-4 weeks)
Allocation Base - CORRECT ANSWER✅✅- A factor that is expected to cause indirect
costs to increase or decrease
- Ex: DL hours, machine hours
,Allocation Rate formula - CORRECT ANSWER✅✅Total estimated indirect costs / Total
estimated amount of allocation base
Analysis of Strategic Objectives - CORRECT ANSWER✅✅- Strategic goals (vision,
mission, strategic objectives)
- Internal and external environment
Application Software - CORRECT ANSWER✅✅a set of computer programs that helps
a person carry out a task
Architecture Design - CORRECT ANSWER✅✅describes the hardware, software, and
network infrastructure that will be used
Attribute - CORRECT ANSWER✅✅- a characteristic of an entity
- ex: in a student information system, for Student entity: Student ID, Student Phone, etc.
Average Cost (AC) - CORRECT ANSWER✅✅The cost of production per unit of output.
Average Product (AP) - CORRECT ANSWER✅✅- the average amount produced by
each unit of an variable factor of production
- TP / L
Bar Chart - CORRECT ANSWER✅✅Depicts the frequency or the relative frequency for
each category of the qualitative data as a series of vertical or horizontal bars
Before working with databases in Python, what must you do first? - CORRECT
ANSWER✅✅import sqlite3
Before-tax Cost of Debt formula - CORRECT ANSWER✅✅- PV = PMT x [(1 - (1 / (1+
iD)^n)) / iD] + [FV / (1 + iD)^n]
- solve for iD
Board of Directors Responsibilities - CORRECT ANSWER✅✅- Approving strategic
goals and plans
- Setting policy
- Guiding corporate affairs
- Approving major expenditures
Bond Markets Basics - CORRECT ANSWER✅✅- Total volume far exceeds stock
- Most trading takes place over the counter
Bond: Coupon - CORRECT ANSWER✅✅annual interest rate paid by issuer
Bond: Face/Par Value - CORRECT ANSWER✅✅value at maturity
,Bond: Maturity - CORRECT ANSWER✅✅Date when bond principal is repaid.
Business-Level strategy - CORRECT ANSWER✅✅- How to compete in a given
business to attain competitive advantage
Calculate Depreciation Expense - CORRECT ANSWER✅✅- (Cost - Salvage Value) /
Useful Life
- Increases accumulated depreciation, decreases, book value
Calculate Interest Expense - CORRECT ANSWER✅✅- Principal x interest rate x
adjustment (if needed)
- Ex: if you're paying within 8 months, adjustment will be 8/12
Capital Investment Analysis - CORRECT ANSWER✅✅the process by which
management plans, evaluates, and controls investments in fixed assets
Capital Market - CORRECT ANSWER✅✅- A market that enables suppliers and
demanders of long-term funds to make transactions
- Bonds, common and preferred stock
Capital Structure - CORRECT ANSWER✅✅Funding of project done by debt or equity
Category Data Type - CORRECT ANSWER✅✅- Data grouped into categories
- Nominal or Ordinal
Causal Forecasting - CORRECT ANSWER✅✅- dependent variable is related to one or
more independent variables
- independent variables are assumed to "cause" the results observed in the past
Chronological Resumes - CORRECT ANSWER✅✅- Information grouped by work and
education over time
- Most common and generally more preferred
Coercive Power - CORRECT ANSWER✅✅- Based on the followers' fear that
noncompliance with the leader's wishes will lead to punishment
Collecting Accounts Receivable - CORRECT ANSWER✅✅- Increases cash and
reduces accounts receivable by same amount
- Revenue not recorded since it already was beforehand
Common Mistake for Resumes and Cover Letters - CORRECT ANSWER✅✅- Try to
showcase all skills and achievements
- Can lead to scattered message and dilute the focus on key abilities and attributes
, Common Stock - CORRECT ANSWER✅✅- Equity without priority for dividends or in
bankruptcy
- May have multiple classes
Communication Protocols - CORRECT ANSWER✅✅a set of rules for efficiently
transmitting data from one network node to another
Comparative Advantage - CORRECT ANSWER✅✅Who can produce at a lower
opportunity cost (more efficiently)
Compliance-based Ethics Programs - CORRECT ANSWER✅✅- Designed by a
corporate counsel with the goal of preventing, detecting, and punishing legal violations
Components of a Computer - CORRECT ANSWER✅✅- CPU
- Display device
- Camera
- Mouse and Keyboard
- System unit
- Hard disk drive
- CD drive
- Battery
Components of Cover Letter - CORRECT ANSWER✅✅- Interest in position
- Match with position
- Call to action
Components of Information System - CORRECT ANSWER✅✅- People
- Procedures
- Hardware
- Software
- Communication Networks
Components of Interpersonal Communication - CORRECT ANSWER✅✅- Language
- Data
- Information
- Richness
Computer Network vs Internet - CORRECT ANSWER✅✅A computer network is a
connection of devices, while the Internet is a network of networks
Conscientiousness - CORRECT ANSWER✅✅tendency to be careful, scrupulous, and
persevering
- these people are less likely to be absent from work
- more motivated and perform better than others
