Information Systems
The purpose of a(n) ________ is
to limit data transfers to certain
locations and log system use so
that managers can identify threats
to a system's security.
What is a firewall?
This is anything of value owned
or leased by a business.
What is an asset?
A financial record of a company's
revenues, expenses, and profits
over a period of time is called the
_____.
What is Income Statement?
This is sometimes referred to as
the Big Board, the most famous
and one of the oldest stock
markets in the world, having
been founded in 1792.
What is the
New York Stock Exchange?
The technique of increasing the
rate of return on an investment by
financing it with borrowed funds
is called _____.
What is leverage?
This type of computing uses
powerful servers to store
applications software and
databases for users to access via
the Web.
What is cloud computing?
A claim against a firm's assets by
a creditor is a(n) _____.
What is a liability?
This is a statement of a firm's
financial position on a particular
date.
What is a Balance Sheet?
All trading on this exchange
takes place through its intranet,
rather than on a trading floor.
What is the NASDAQ?
These are low-risk securities that
either have short maturities or
can easily be sold in secondary
markets.
What are marketable securities?
A system that allows top
managers to access a firm's
primary databases is called a(n)
_____.
What is an
executive support system?
Financial statements are prepared
according to _____, whose
principles encompass the
conventions, rules, and
procedures for determining
acceptable accounting practices
at a particular time.
What is the GAAP?
This is a planning and controlling
tool that reflects the firm’s
expected sales revenues,
operating expenses, and cash
receipts and outlays.
What is a budget?
These are cooperative financial
institutions that are owned by
their depositors, all of whom are
members.
What are credit unions?
This is a sale of assets by a
company.
What is a divestiture?
This type of software secretly
gathers user information through
the user's Internet connection
without the user's knowledge.
What is spyware?
The basic relationship that states
assets equal liabilities plus
owners’ equity is called the
_____.
What is the accounting equation?
An organization’s overall
financial performance is
measured by its _____, which
evaluates the ability to generate
revenues in excess of operating
costs and other expenses.
What is profitability ratio?
These are the largest and probably
most important financial institutions
in the United States and
in most other countries as well.
What are commercial banks?
Certificates of indebtedness sold
to raise long-term funds for a
corporation or government
agency are known as _____.
What are bonds?
A centralized integrated
collection of data resources is
known as a(n) _______.
What is a database?
A(n) _____ demonstrates his or
her accounting knowledge by
meeting state requirements for
education and experience, as well
as successfully completing a
number of rigorous tests in
accounting theory and practice,
auditing, law, and taxes.
Who is a
Certified Public Accountant
(CPA)?
This group was established to
promote worldwide consistency
in financial reporting practices.
What is the
International Accounting
Standards Committee (IASC)?
This Central Bank sets most policies
concerning U.S. Monetary Policy and
interest rates.
What is the United States
Federal Reserve Bank
Committee?
This person is an executive who
develops and implements the
firm’s financial plan and
determines the most appropriate
sources and uses of funds.
Who is financial manager?