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ACC 497 FINAL EXAM GUIDE

ACC 497 FINAL EXAM GUIDE

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ACC 497 FINAL EXAM GUIDE

1) The uniform law, issued in 1984 by the Committee on Corporate Laws of the American Bar Association, that regulates the formation, operation, and termination of corporations is

2) Which of the following statements is true?

3) Which of the following statements is true?

4) What effect would a decrease in interest rates by the Federal Reserve most likely have in the nation’s manufacturing sector, all other factors remaining constant?

5) A table that shows the relationship between the price of a good and the quantity demanded of that good is called

6) If policymakers increase aggregate demand, the price level

7) Which table would show the largest factor for an interest rate of 8% for five periods?

8) Financial service

9) As the interest rate increases for any given period, the future value interest factor will

10) The specific cost of each source of long-term financing is based on ________ and ________ costs.

11) At the operating break-even point, ________ equals zero.

Section 4: Information Technology (IT) Implications in the Business Environment

12) Justifying expenditures for new technologies is especially difficult because

13) The hardware of a computer system includes the computer itself and other devices that help the computer perform its tasks. These other devices are commonly also called

14) Software that enables businesses and government agencies to transmit and manipulate financial data on an organization-wide basis best describes

15) A simple diagram that shows estimated completion times versus actual completion times for the various activities in a systems implementation project

16) What would be the best explanation for the absence of complete information on computer crime?

17) Which of the following processes would be accounted for using a job order cost system?

18) In traditional costing systems, overhead is generally applied based on

19) If standard costs are incorporated into the accounting system

20) Generally accepted accounting principles are

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