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NEW QUESTION 41
Which of the following statements is true regarding change management?
- A. To protect the production environment, changes must be managed in a repeatable, defined, and predictable manner
- B. Changes are only required by software programs
- C. Program changes generally are developed and tested in the production environment.
- D. The degree of risk associated with a proposed change determines whether the change request requires authorization
Answer: A
NEW QUESTION 42
An example of secured short-term financing is:
- A. A revolving credit agreement.
- B. Commercial paper.
- C. Trade credit
- D. A warehouse receipt
Answer: D
Explanation:
A document of title is usually issued by a bailee covering goods in the bailee's possession or care UCC 1-201). It represents ownership of the goods and is ordinarily needed to obtain the goods from the bailee. The two major types of documents of title are bills of lading issued by carriers) and warehouse receipts_ A warehouse receipt is issued by a person engaged in the business of storing goods for hire. Security for short-term inventory financing can be arranged if the debtor places its inventory under the control of the lender or its agent e.g., a public warehouse), and the lender holds the warehouse receipts.
NEW QUESTION 43
A mail-order retailer of low-cost novelty items is receiving an increasing number of
complaints from customers about the wrong merchandise being shipped. The order code for items has the format The major category is ww, xx is the minor category, yy identifies the item, and zz identifies the catalog. In many cases, the wrong merchandise was sent because adjacent characters in the order code had been transposed. The best control for decreasing the number of orders with the wrong merchandise is to:
- A. Separate the parts of the order code with hyphens to make the characters easier to read.
- B. Use a master file reference for all order codes to verify the existence of items.
- C. Add check-digits to the order codes and verify them for each order.
- D. Require customers to specify the name for each item they order.
Answer: C
Explanation:
Self-checking digits may be used to detect incorrect codes. The digit is generated by applying an algorithm to the code. During the input process, the check digit is recomputed by applying the same algorithm to the code actually entered.
NEW QUESTION 44
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