Indiana University Bloomington

Government Purpose - Answer 1) To Provide a public service 2) With a reasonable surplus 3) Reporting needs: Inflows & Outflows Government Sources of Rev - Answer Involuntary Taxes Accounting Standards Used - Answer 1) Government Accounting Standards Board (GASB) - State and local governments 2) Federal Accounting Standards Advisory Board (FASAB) - Federal government 3) Financial Accounting Standards Board (FASB) - Business & Not-for-profit entities Fund Acco...

What are some features of a Not-for-Profit? - Answer It's okay for a NFPO to have a profit and whoever makes a contribution may not receive the direct benefit of that contribution Characteristics of a VHWO - Answer Meet community health, welfare, or other social services' needs; people who give money may not get the benefit; typically, no fee/minimal fee is charged What kind of accounting does Not-for-Profit utilize? - Answer Accrual What is the revenue and expen...

Name the account - Answer Cash - Answer Asset Accounts / Notes Receivable - Answer Asset Inventory - Answer Asset Prepaid Expense - Answer Asset Land - Answer Asset Buildings - Answer Asset Equipment - Answer Asset Furniture & Fixtures - Answer Asset Accounts Payable - Answer Liability Notes Payable - Answer Liability Accrued liabilities - Answer Liability Common Stock - Answer Owne...

Which of the following is a primary user of managerial accounting? - Answer Creditors Employees Investors All of the above A=Employees Which business form offers limited liability to its owners but is not a tax-paying entity - Answer limited liability company Assets: - Answer Are economic resources Future benefits Cash, inventory, equipment A=(all of the above) Which of the following is the accounting equation for business? - Answer Assets= liabilities...

Preconditions that are required by IT Managers include all of the following except: Provision of training in technology when and where it is needed Defensible justification for the acquisition and cost of technology. Anticipating all current and future technology needs when setting a budget to stay obdurate A good understanding of the cost of dealing with suppliers - Answer Anticipating all current and future technology needs when setting a budget to stay obdurate The traditional co...

The purpose and value of IT - Answer fundamentally the value of IT is in helping to transform the business. Three core components of IT - Answer people, Technology, processes What is the fourth industrial revolution, and how does it impact IT? - Answer One of the main effects of the Fourth Industrial Revolution is increased human productivity. With technologies like AI and automation augmenting our professional lives, we're able to make smart choices, faster than ever ...

What is the top-down modeling approach? - Answer -Describes organization and data requirements at a high level, independent of reports screens, or detailed descriptions of data processing requirements -Breaking down the system into subsystems until you've got a compilation of subsystems that make up a full system What is an identifier? - Answer -unique value for each business entity -used for and variable, function, data definition, etc. What is data ownership? - Answer ...

IT Management - Answer Process whereby all resources related to information technology are managed according to an organization’s priorities and needs IT Service - Answer - The application of business/technical expertise to enable organizations creation, management, and optimization of or to access info - IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run) Strategic Plan - Answer - broad - aspiratio...

Which of the following is an IT management primary competency? - Answer Access to people who maintain a good understanding of technology, an understanding that information technology investments are driven by customers and other stakeholder's needs, well-defined relationships with technology suppliers, defined according to circumstances, effective use of outsourcing in the provision of technology, systems and related services Which of the following are a core domain of responsibility...

What is prototyping? - Answer Approach for developing custom applications Type of evolutionary development process, enables creation of system quickly then revised after initial trial by user What is extreme programming? - Answer Agile development where programmers write code in pairs Uses simple design and frequent testing What is the SDLC? - Answer Systems Development Life Cycle Highly structured process for developing customized applications Output from one step is...

Who makes IBM-Compatible PCs? - Answer Microsoft What is benchmarking? - Answer A procedure to compare the capabilities of various computers in a particular organizational setting by running a representative set of real jobs (jobs regularly run on the organization's existing computer) on each of the machines and comparing the resulting elapsed times What is Java? - Answer -One of the most common object-oriented programming -A platform for application development on t...

Which of the following is not an input device? - Answer Input devices: mouse, keyboard, webcam.... Which of the following is not a common computer operating system? - Answer Computer OS: windows, linux, OS X, Chrome OS Strategic planning is ......, while tactical planning is ..... - Answer The big picture; the how and The Who ...... decouples the operating system and applications from the physical hardware - Answer Virtualization What is an operating system? -...

Example of what isn't an input device? - Answer Printer, Label Maker, Speakers, Display Examples of an input device? - Answer Keyboard, Mouse, Webcam Which of the following is a common computer operating system: - Answer Windows, OSx, Linux 3. Strategic planning is _____________, while tactical planning is the ____________ - Answer the big picture the "how" and "who" ____________________decouples the operating system and applications from the...

choose the items which are common authentication factors: - Answer Under which situation is it most important that AI exhibit explainability? - Answer Automatically approving a mortgage loan application Which of the following are the general types of clouds computing environments? - Answer Private cloud, Hybrid cloud, Public cloud Which type of cloud offering is this (e.g. _______ as-a-service)? - Answer Software-as-a-service Which of the following best refle...

You are configuring a router that has a previous configuration. You need to turn CDP on for the entire router and turn it off for the serial 0/0/1 interface. Match each command on the left with its associated configuration task on the right. - Answer Enter global configuration mode. router#config t Turn CDP on for the router. router(config)#cdp run Enter interface configuration mode. router(config)#int s0/0/1 Turn CDP off for the interface. router(config-if)#no cdp enable Which o...

mediation - Answer a neutral third party who assists the disputing parties to reach their own agreement advantages of mediation 5 - Answer -faster and cheaper -flexible and informal -participant satisfaction (psychological ownership) -preserve parties' relationships -prevent future disputes disadvantages of mediation 4 - Answer -cannot guarantee settlement -enforceability concerns -cannot create legal precedent may not protect the disempowered -cannot provide p...

Mediator - Answer A neutral third party who assists the disputing parties to reach their own agreement. They're not empowered to make a decision not press for a particular outcome Mediation - Answer A facilitated negotiation. Also, a conversation about making decisions Advantages of Mediation, Compared to Adjudication - Answer -Faster/cheaper (efficiency) -Flexible and informal -Greater participant satisfaction (psychological ownership) -Higher compliance rate...

Position - Answer A party's perspective of how an issue or conflict should be resolved is his/her Interests - Answer Those things that drive people to take the positions they take Which approach to resolving conflict generally takes the least time and cost the least amount of money - Answer Reconciling underlying interest The point which negotiator would like to conclude negotiations - Answer The target point is Separating the people from the problem - Answ...

Issue - Answer The matter in dispute or subject of the conflict Position - Answer A party's perspective of how an issue or conflict should be resolved Interests - Answer Those things that drive people to take the positions they take Thomas-Kilmann's Five Conflict Mode - Answer Competing, collaborating, compromising, avoiding, accommodating Three Approaches to Resolve Disputes - Answer 1. Reconciling underlying interests, 2. Determining rights, 3, D...

Adjudication - Answer A public and adversarial dispute resolution process in which disputants present proofs and arguments to a neutral third party who has the power to issue a binding decision based on objective standards. Arbitration - Answer A private and adversarial dispute resolution process in which disputants present proofs and arguments to a neutral third party who has the power to issue a binding decision based on objective standards. Advantages of Arbitration vs Adjud...