BEC REVIEW 4

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BEC REVIEW 4
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BEC REVIEW 4
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  1. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    ------------------------------------------

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  2. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    -----------------------------------------

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  3. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    ----------------------------------------------

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  4. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    -------------------------------------------

    Requiring appropriate testing of all changes before implementation to production environments occurs
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  5. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    ---------------------------------------------
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  6. Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    ---------------------------------------------

    ------------------------------------------

    --------------------------------------------

    --------------------------------------------

    ------------------------------------------------
    Change management control policies put into place the proper processes and approval channels to make changes to an organization's systems. At a minimum, they should include the following elements:

    Formalized channels for requesting and approving changes to any of the organization's information systems

    Preventing unauthorized changes from occurring

    Ensuring that any changes made do not impair or negatively impact the other functions of the system

    Ensuring that the viability of the system as a whole is not impaired

    Requiring appropriate testing of all changes before implementation to production environments occurs
  7. If the average age of inventory is 90 days, the average age of accounts payable is 60 days, and the average age of accounts receivable is 65 days, the number of days in the cash flow cycle is:
    95 days

    The cash flow cycle is the full cycle of cash inflows adjusted for outflows, calculated as 90 + 65 - 60 = 95 days. By this formula, one can see that reducing either the inventory holding period or the collection period for receivables will reduce the number of days in the cash flow cycle by accelerating sales turnover and cash collections, respectively. Increasing the payables period also reduces the cash flow cycle, since cash outflows can be delayed while new inventory and receivables periods can begin.
  8. The ---------------------- is the full cycle of cash inflows adjusted for outflows,
    The cash flow cycle is the full cycle of cash inflows adjusted for outflows,
  9. What is the cash flow cycle?
    The cash flow cycle is the full cycle of cash inflows adjusted for outflows,
  10. different industries and countries experience different risks of labor strikes, -------------------- between industries and countries can reduce company risk.
    different industries and countries experience different risks of labor strikes, diversification between industries and countries can reduce company risk.
  11. ----------------------- is risk that is specifically associated with a particular firm due to its mix of products, new products, competition, patents, lawsuits, etc
    Company risk is risk that is specifically associated with a particular firm due to its mix of products, new products, competition, patents, lawsuits, etc
  12. The standard direct labor cost to produce one pound of output for a company is presented below. Related data regarding the planned and actual production activities for the current month for the company are also given below.
    (Note: DLH = Direct Labor Hours)   


    Direct Labor Standard:     .40 DLH at $12.00 per DLH = $4.80   

    Planned production                    15,000 pounds  

     Actual production                     15,500 pounds 
      

    Actual direct labor costs (6,250 DLH)       $75,250
    $250

    $250 unfavorable derives from the actual direct labor hours (6,250) times the difference between the standard direct labor rate ($12.00) and the actual direct labor rate ($75,250 ÷ 6,250 = $12.04). Therefore, 6,250 × ($12.00 - $12.04) = $250.
  13. what rate is most commonly compared to the internal rate of return to evaluate whether to make an investment?
    Weighted average cost of capital

    When the IRR (internal rate of return) approach is used to evaluate an investment, generally projects with an IRR exceeding the cost of financing are chosen. The cost of financing (hurdle or discount rate) is often determined through the use of the weighted average cost of capital of debt and equity financing.
  14. The --------------------------------------------- is often determined through the use of the weighted average cost of capital of debt and equity financing.
    The cost of financing (hurdle or discount rate) is often determined through the use of the weighted average cost of capital of debt and equity financing.
  15. For capital budgeting purposes, management would select a high hurdle rate of return for certain projects because management:
    wants to factor risk into its consideration of projects.
  16. The ------------------------------------------------ is the desired (or “internal”) rate of return; that rate which the investment must return for the investor to “break even.”
    The hurdle rate of return (or discount rate) is the desired (or “internal”) rate of return; that rate which the investment must return for the investor to “break even.”
  17. The hurdle rate of return (or discount rate) is the desired (or “internal”) rate of return; that rate which the investment must return for the investor to “----------------.”
    The hurdle rate of return (or discount rate) is the desired (or “internal”) rate of return; that rate which the investment must return for the investor to “break even.”
  18. What is the Hurdle rate of return (or discount rate)?
    The hurdle rate of return (or discount rate) is the desired (or “internal”) rate of return; that rate which the investment must return for the investor to “break even.”
  19. What is the Net present value?
    The Net Present Value is the present value of the future cash inflows from the project minus the cost of the initial investment. 
  20. The --------------------------- is the present value of the future cash inflows from the project minus the cost of the initial investment.
    The Net Present Value is the present value of the future cash inflows from the project minus the cost of the initial investment.
  21. What is the Internal Rate of Return?
    The Internal Rate of Return is the interest that would make the present value of the future cash flows from the project equal tot he cost of the initial investment.
  22. The -------------------------- is the interest that would make the present value of the future cash flows from the project equal tot he cost of the initial investment.
    The Internal Rate of Return is the interest that would make the present value of the future cash flows from the project equal tot he cost of the initial investment.

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