Question 1

An extensible markup language designed specifically for financial reporting is:

Accepted Answer

A) Internet DI 
B) XML 
C) XBRL 
D) XFRL
TEST BANK - CHAPTER 14 - MULTIPLE CHOICE 
A) Internet DI 
B) XML 
C) XBRL 
D) XFRL
TEST BANK - CHAPTER 14 - MULTIPLE CHOICE

Question 2

Companies that engage in e-commerce, B2C sales with consumers:

Accepted Answer

A) Have the legal obligation of complying with the AICPA Trust Services Principles. 
B) Have the same kind of obligations to conduct their business ethically as companies transacting business any other way. 
C) Have legal obligations that suggest that customers should be so informed regarding customer privacy. 
D) Are required by law to have a local presence for the resolution of customer complaints.
TEST BANK - CHAPTER 14 - TRUE / FALSE 
A) Have the legal obligation of complying with the AICPA Trust Services Principles. 
B) Have the same kind of obligations to conduct their business ethically as companies transacting business any other way. 
C) Have legal obligations that suggest that customers should be so informed regarding customer privacy. 
D) Are required by law to have a local presence for the resolution of customer complaints.
TEST BANK - CHAPTER 14 - TRUE / FALSE

Question 3

When a company has an e-business transaction with a supplier, it could be using

Accepted Answer

A) The Internet. 
B) An intranet. 
C) An extranet. 
D) Either the Internet or an extranet. 
A) The Internet. 
B) An intranet. 
C) An extranet. 
D) Either the Internet or an extranet.

Question 4

Because intranets do not transmit information through the Internet or WWW they do not use protocols such as TCP/IP.

Accepted Answer

A) True 
 B)False

Question 5

The AICPA's Trust Services Principles practice that states that all customer data collected remains "accurate, complete, current, relevant, and reliable" is under the title of:

Accepted Answer

A) Choice and consent. 
B) Quality. 
C) Monitoring and enforcement. 
D) Use and retention. 
A) Choice and consent. 
B) Quality. 
C) Monitoring and enforcement. 
D) Use and retention.

Question 6

An intranet is a:

Accepted Answer

A) Private network accessible only to the employees of a company. 
B) Public network accessible by the customers and vendors of a company. 
C) Public network accessible by the entire supply chain of a company. 
D) Private network accessible by the entire supply chain of a company. 
A) Private network accessible only to the employees of a company. 
B) Public network accessible by the customers and vendors of a company. 
C) Public network accessible by the entire supply chain of a company. 
D) Private network accessible by the entire supply chain of a company.

Question 7

The network lines that are used to connect regional ISPs to the backbone are usually:

Accepted Answer

A) T3 Lines 
B) T1 Lines 
C) LAN Lines 
D) NAPs 
A) T3 Lines 
B) T1 Lines 
C) LAN Lines 
D) NAPs

Question 8

The type of organization that serves as the main trunk line of the Internet is called a

Accepted Answer

A) Local ISP. 
B) Regional ISP. 
C) Global ISP. 
D) Backbone provider. 
A) Local ISP. 
B) Regional ISP. 
C) Global ISP. 
D) Backbone provider.

Question 9

A protocol is required so that:

Accepted Answer

A) Computers from the same manufacturer can communication with each other. 
B) Computers from different manufacturers can communicate with each other. 
C) So that communications within the network can be routed properly. 
D) Answers A, B, and C are all correct. 
A) Computers from the same manufacturer can communication with each other. 
B) Computers from different manufacturers can communicate with each other. 
C) So that communications within the network can be routed properly. 
D) Answers A, B, and C are all correct.

Question 10

Which of the following function to store, index, and provide the IP address for each domain name?

Accepted Answer

A) Domain name servers 
B) IP protocols 
C) Domain protocols 
D) Domain name databases 
A) Domain name servers 
B) IP protocols 
C) Domain protocols 
D) Domain name databases

Question 11

The supply chain is the linked processes from the raw material vendor through the manufacturer ending at the stage of finished goods.

Accepted Answer

A) True 
 B)False

Question 12

E-commerce is electronically enabled transactions between a business and its customers.

Accepted Answer

A) True 
 B)False

Question 13

The AICPA Trust Services Principles state that the customer should be given the choice regarding the collection and retention of data.

Accepted Answer

A) True 
 B)False

Question 14

E-commerce provides the potential for much richer marketing concepts that include video, audio, product comparisons, and product testimonials or product tests.

Accepted Answer

A) True 
 B)False

Question 15

TCP/IP is:

Accepted Answer

A) Trunk controlling protocol/intranet protocol. 
B) Transmission control protocol/intranet protocol. 
C) Trunk controlling protocol/Internet protocol. 
D) Transmission control protocol/Internet protocol. 
A) Trunk controlling protocol/intranet protocol. 
B) Transmission control protocol/intranet protocol. 
C) Trunk controlling protocol/Internet protocol. 
D) Transmission control protocol/Internet protocol.

Question 16

XBRL:

Accepted Answer

A) Is a language that allows data extraction from financial statements. 
B) Is the base or core language for XML, also a metalanguage. 
C) Requires that financial statements be submitted in printed format. 
D) Both answers B and C are correct. 
A) Is a language that allows data extraction from financial statements. 
B) Is the base or core language for XML, also a metalanguage. 
C) Requires that financial statements be submitted in printed format. 
D) Both answers B and C are correct.

Question 17

EDI via ANSI X.12 implementation is hampered by:

Accepted Answer

A) High costs. 
B) Usable only on small projects. 
C) Limited transfer of files and data formats. 
D) Both A and C above are correct answers. 
A) High costs. 
B) Usable only on small projects. 
C) Limited transfer of files and data formats. 
D) Both A and C above are correct answers.

Question 18

The AICPA Trust Services Principles do not protect the history of purchases since these are classified as "public knowledge events."

Accepted Answer

A) True 
 B)False

Question 19

The proper sequence of Internet connectivity between users is:

Accepted Answer

A) Regional ISP to national backbone provider to regional ISP. 
B) Local ISP to national backbone provider to network access point to national backbone provider to local ISP. 
C) Regional ISP to national network access points to regional ISP. 
D) Local ISP to regional ISP to national backbone provider to network access points to national backbone provider to regional ISP to local ISP. 
A) Regional ISP to national backbone provider to regional ISP. 
B) Local ISP to national backbone provider to network access point to national backbone provider to local ISP. 
C) Regional ISP to national network access points to regional ISP. 
D) Local ISP to regional ISP to national backbone provider to network access points to national backbone provider to regional ISP to local ISP.

Question 20

Regional ISPs:

Accepted Answer

A) Connect directly to the Internet backbone through network access points. 
B) Connect to the Internet backbone through local ISPs utilizing network access points. 
C) Provide the connection between local ISPs and national backbone providers. 
D) Provide end users direct connects to the Internet backbone through network access points. 
A) Connect directly to the Internet backbone through network access points. 
B) Connect to the Internet backbone through local ISPs utilizing network access points. 
C) Provide the connection between local ISPs and national backbone providers. 
D) Provide end users direct connects to the Internet backbone through network access points.

An extensible markup language designed specifically for financial reporting is:

Companies that engage in e-commerce, B2C sales with consumers:

When a company has an e-business transaction with a supplier, it could be using

Because intranets do not transmit information through the Internet or WWW they do not use protocols such as TCP/IP.

The AICPA's Trust Services Principles practice that states that all customer data collected remains "accurate, complete, current, relevant, and reliable" is under the title of:

An intranet is a:

The network lines that are used to connect regional ISPs to the backbone are usually:

The type of organization that serves as the main trunk line of the Internet is called a

A protocol is required so that:

Which of the following function to store, index, and provide the IP address for each domain name?

The supply chain is the linked processes from the raw material vendor through the manufacturer ending at the stage of finished goods.

E-commerce is electronically enabled transactions between a business and its customers.

The AICPA Trust Services Principles state that the customer should be given the choice regarding the collection and retention of data.

E-commerce provides the potential for much richer marketing concepts that include video, audio, product comparisons, and product testimonials or product tests.

TCP/IP is:

XBRL:

EDI via ANSI X.12 implementation is hampered by:

The AICPA Trust Services Principles do not protect the history of purchases since these are classified as "public knowledge events."

The proper sequence of Internet connectivity between users is:

Regional ISPs:

Introduction to AIS

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Erp Systems

Auditing Information Technology Bases Processes

Revenue and Cash Collection Processes

Expenditures Processes and Controls - Purchases

Expenditures Processes and Controls Payroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

Filters

Exam 14: Ecommerce and Ebusiness

An extensible markup language designed specifically for financial reporting is:

Companies that engage in e-commerce, B2C sales with consumers:

When a company has an e-business transaction with a supplier, it could be using

Because intranets do not transmit information through the Internet or WWW they do not use protocols such as TCP/IP.

The AICPA's Trust Services Principles practice that states that all customer data collected remains "accurate, complete, current, relevant, and reliable" is under the title of:

An intranet is a:

The network lines that are used to connect regional ISPs to the backbone are usually:

The type of organization that serves as the main trunk line of the Internet is called a

A protocol is required so that:

Which of the following function to store, index, and provide the IP address for each domain name?

The supply chain is the linked processes from the raw material vendor through the manufacturer ending at the stage of finished goods.

E-commerce is electronically enabled transactions between a business and its customers.

The AICPA Trust Services Principles state that the customer should be given the choice regarding the collection and retention of data.

E-commerce provides the potential for much richer marketing concepts that include video, audio, product comparisons, and product testimonials or product tests.

TCP/IP is:

XBRL:

EDI via ANSI X.12 implementation is hampered by:

The AICPA Trust Services Principles do not protect the history of purchases since these are classified as "public knowledge events."

The proper sequence of Internet connectivity between users is:

Regional ISPs:

Introduction to AIS

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Erp Systems

Auditing Information Technology Bases Processes

Revenue and Cash Collection Processes

Expenditures Processes and Controls - Purchases

Expenditures Processes and Controls Payroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

Filters