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Exam (elaborations)

Sophia Pathways Accounting - Final Milestone

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Which of the following is a major advantage to forming a corporation? • Lenders of a corporation do not have the right to claim the corporation's assets to pay its debts. • The income from a corporation is not taxed. • Stockholders have limited liability for the debts of the corporation. • A corporation is usually managed by its owners. CONCEPT Businesses and Organizations 2 Which of the principles below does Val follow when she reviews her records to make sure that recorded accounting events correspond to the actual costs? • Full disclosure principle   • Time period principle • Measurement principle   • Matching principle   CONCEPT Conceptual Framework and Principles 3 The employees of Catherine's business earned $22,800 in wages during December, but the next payday is not until January 2nd.   When Catherine makes an adjustment on her December 31st trial balance worksheet to account for these wages, what two types of accounts will be affected? • An asset account and an expense account  • A payable account and a revenue account. • An expense account and a payable account • Owner's equity and a payable account CONCEPT Creating Adjusting Entries 4 Which of the following is responsible for conducting an independent examination of a company's financial statements and records? • Bookkeeper • Stakeholder • Auditor • Controller CONCEPT Accounting in Practice 5 A car valued at $30,000 has $600 of depreciation to be adjusted as of January 31st. Which entry should be made? • Credit Accumulated Depreciation, Debit Depreciation Expense, both for $600 •  Debit Accumulated Depreciation, Credit Car, both for $600 • Debit Accumulated Depreciation, Credit Depreciation Expense, both for $600 •  Debit Car, Credit Depreciation, both for $600 CONCEPT Creating Adjusting Entries 6 Which of the following is NOT a temporary account? • Revenue • Expense • Drawings •

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Information Technology - Final Test
(SOPHIA PATHWAY)
Jeffrey consults with company leaders to identify ways in which IT can help the organization to
reach its goals.

Jeffrey is working in a/an __________ role for his company.





infrastructure and equipment management





network development and maintenance





planning





information technology support

RATIONALE
Jeffrey's role is planning, which involves consulting with an organization's leaders to identify
ways in which IT can help that organization to achieve its goals. Jeffery is also responsible for
monitoring the implementation of planned activities, and exercising control of his organization's
IT resources, to ensure improvement and success.

CONCEPT
Information Technology in the Workplace
2

,Alexis received an email message from an unknown sender that included an attachment.

If she opens the attachment, what kind of malicious software might be activated, and what
are the consequences?





Opening the attachment would release a worm, which would infect her system with a
virus.





Opening the attachment would release a passive worm, which would infect her system
with adware.





Opening the attachment would release a worm, which would infect her system with
spyware.





Opening the attachment would release an active worm, which would infect her system
with adware.

RATIONALE
Senders can transmit files to recipients by attaching them to email messages. Like "junk mail"
delivered by the postal service, email users regularly receive unsolicited messages from
unknown senders. These messages sometimes contain links to malicious websites or include
attachments that contain malicious software (e.g., a worm).

CONCEPT
Network Security
3

Which of the following does NOT include both input and output components?

, 

Video card





Touchscreen monitor





A portable SSD drive





A printer with a scanner

RATIONALE
The video card, also known as the graphics processing unit (GPU), generates images on a
monitor and is an internal data processing component.

A printer with a scanner, a touchscreen monitor, and a portable SSD drive are examples of input
AND output devices because they enable users to receive information from a computing system,
and send information into a computing system.

CONCEPT
Computer Components and Roles
4

Which of the following is NOT an example of computer software?





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