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NEW QUESTION 50
Most large-scale computer systems maintain at least three program libraries: production library for running programs); source code library maintains original source coding); and test library for programs which are being changed). Which of the following statements is correct regarding the implementation of sound controls over computer program libraries?
- A. Only programmers should have access to the production library.
- B. Only the program librarian should be allowed to make changes to the production library.
- C. The computer operator should have access to both the production library and the source code library to assist in diagnosing computer crashes.
- D. Users should have access to the test library to determine whether all changes are properly made.
Answer: B
Explanation:
The program librarian is accountable for, and has custody of, the programs in the production library.
NEW QUESTION 51
A company stocks, maintains, and distributes inventory. The company decides to add to the safety stock and expedite delivery for several product lines on a trial basis. For the selected product lines, the company will experience:
- A. An increase in ordering, carrying, and delivery costs.
- B. An increase in some costs but no change in the service level.
- C. A decrease in ordering, carrying, and delivery costs.
- D. A change in the service level.
Answer: D
Explanation:
Safety stocks are amounts held in excess of forecast demand to avoid the losses associated with stock outs. Holding safety stocks improves the level of service to customers at the expense of increased holding costs.
NEW QUESTION 52
When making a cost-time trade-off in CPM analysis, the first activity that should be crashed is the activity:
- A. With the largest amount of slack.
- B. On the critical path with the maximum possible time reduction.
- C. With the lowest unit crash cost.
- D. On the critical path with the lowest unit crash cost.
Answer: D
Explanation:
When making a cost-time trade-off, the first activity to be crashed (have its completion time accelerated) is one on the critical path. To select an activity on another path would not reduce the total time of completion. The initial activity chosen should be the one with the completion time that can be accelerated at the lowest possible cost per unit of time saved.
NEW QUESTION 53
Under the balanced scorecard concept, employee satisfaction and retention are measures used under which of the following perspectives?
- A. Customer.
- B. Financial.
- C. Internal business.
- D. Learning and growth.
Answer: D
Explanation:
The balanced scorecard is an accounting report that connects the firm's critical success factors CSFs) determined in a strategic analysis to measures of its performance. CSFs are financial and nonfinancial measures. For the learning, growth, and innovation perspective, the CSFs may be development of new products, promptness of their introduction, human resource development, morale, and competence of the workforce. Measures of employee satisfaction, retention, and competence may include RD personnel qualifications, hours of training, skill set levels attained, personnel turnover, and personnel complaints and survey results.
NEW QUESTION 54
Which of the following creates a valid contract between the parties?
- A. Anxious Father promised to pay Albert Niceguy US $4,000 to take his daughter to the annual Mulestone Dance. Albert agreed.
- B. Slim Polestone promised to give Mabel Abbot a wedding present.
- C. A reward was posted for the capture of Tom Jones_ Maypole Burden, the county sheriff, captured Jones and claimed the reward.
- D. Festival Fanny was drowning in her hot tub. Her boyfriend pulled her out. After the rescue, Festival's husband promised to pay her boyfriend US $4 for rescuing his wife.
Answer: A
Explanation:
A valid contract exists because Anxious Father offered to pay Albert US $4,000 for taking his daughter to the dance. This is a unilateral contract supported by the consideration of US $4,000. Albert will be entitled to the US $4,000 after he takes the daughter to the dance.
NEW QUESTION 55
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