Joe’s Quikmart has just installed a new software that automatically links the ca

Question

Joe’s Quikmart has just installed a new software that automatically links the cash register to the inventory and general ledger files. This software is most likely: (Points : 2)        A POS system.
       A master file maintenance system.
       An EDI system.
       An e-commerce system. Question 4.4. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) internal control framework consists of five interrelated components. Which of the following is NOT a factor pertaining to the control environment component? (Points : 2)        Ethical values.
       Personnel development.
       Management integrity.
       Operating performance reviews. Question 5.5. A disaster recovery plan usually has all of the following elements EXCEPT: (Points : 2)        identifying key personnel responsible for handling recovery operations.
       identifying key applications.
       documentation and training.
       identifying the culprits responsible for disaster. Question 6.6. A futures contract is not: (Points : 2)        Illiquid.
       Standardized.
       Backed by the clearinghouse.
       Regulated. Question 7.7. As the number of compounding periods increases, what is the effect on the annual percentage rate (APR) and the effective annual rate (EAR)? (Points : 2)        APR remains the same, EAR remains the same.
       APR increases, EAR remains the same.
       APR increases, EAR increases.
       APR remains the same, EAR increases. Question 8.8. When markets are perfectly competitive, consumers: (Points : 2)        Must search for the lowest price for the products they buy.
       Have goods and services produced at the lowest cost in the long run.
       Do not receive any consumer surplus unless producers choose to overproduce.
       Must choose the brands they buy solely on the basis of informational advertising. Question 9.9. The primary advantage of outsourcing is to: (Points : 2)        reduce costs.
       increase transportation costs.
       increase control.
       increase quality. Question 10.10. Gandy Company has 5,000 obsolete desk lamps that are carried in inventory at a manufacturing cost of $50,000. If the lamps are reworked for $20,000, they could be sold for $35,000. Alternatively, the lamps could be sold for $8,000 to a jobber located in a distant city. In a decision model analyzing these alternatives, the sunk cost would be: (Points : 2)        $15,000.
       $50,000.
       $8,000.
       $20,000. Joe’s Quikmart has just installed a new software that automatically links the cash register to the inventory and general ledger files. This software is most likely: (Points : 2)        A POS system.
       A master file maintenance system.
       An EDI system.
       An e-commerce system.

Explanation / Answer

Answer:-

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An e-commerce system.

4.4.Personnel development.

6.6. Standardized.

7.7. APR remains the same, EAR increases.

8.8. Have goods and services produced at the lowest cost in the long run.

9.9. reduce costs.

10.10. $50,000.

5.5.identifying the culprits responsible for disaster.

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