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MULTIPLE CHOICE
2. Which of the following is not true about knowledge in the business environment?
a. It is the same as data and information.
b. It is the value added from shared information.
c. It includes both quantitative and qualitative information.
d. It must be managed in order for a company to remain competitive.
ANS: A PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB: Analytic |
3. Which of the following statements is not true regarding enterprise resource planning (ERP)?
a. It integrates traditional accounting information systems with other information systems.
b. It can be customised to provide specific and relevant information to different types of
users.
c. It has evolved in the past few years to address the shortcomings of traditional accounting
information systems.
d. It captures quantitative but not qualitative information.
ANS: D PTS: 1 DIF: Easy OBJ: 1.1
NAT: AACSB: Use of technology |
17. Mary Ann is trying to decide whether to fly to Florida or New York. The cost of her ticket will be the
same either way. The cost of the ticket is an example of a(n):
a. sunk cost.
b. opportunity cost.
c. relevant cost.
d. irrelevant cost.
ANS: D PTS: 1 DIF: Easy OBJ: 1.3
NAT: AACSB: Reflective thinking |
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A true copy from the original deposited in the office of the General
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John Stewart, Keeper of Rolls.
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Edmund Bullock, S. H. R.
John Campbell, S. P. T.
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