Wednesday, June 19, 2013

An overall description of a database

...Including the names of data elements, their characteristics, and their relationship to one another, would be defined by using a:

Answer: Data Definition Language (DDL) 

Used to define a database, including creating, altering, and deleting tables and establishing various constraints.

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Saturday, June 1, 2013

Which of the following techniques...

Question: Which of the following techniques consistently gives the best answer when evaluating investment projects that are mutually exclusive?
  • The payback method
  • The internal rate of return
  • Net present value
  • The accounting rate of return

Answer: Net Present Value

The net present value consistently provides the best solutions even when considering mutually exclusive projects.
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Keller Company has implemented...

Question: Keller Company has implemented an enterprise risk management system and has responded to a particular risk by adding internal controls. Such a response is characterized by COSO's Enterprise Risk Management Framework as:

  • Acceptance
  • Avoidance
  • Reduction
  • Sharing

Answer: Reduction
Reduction involves reducing the likelihood or impact by implementing controls or managing the risk.

Question: Which of the following committees of the board...

  • Which of the following committees of the board of directors generally has the responsibility of overseeing CEO succession?

Answer: The nominating/corporate governance committee

  • The nominating/corporate governance committee is responsible for overseeing CEO succession.