Question 1

Job rotation is when more than one person should be familiar with each transaction cycle in the business where possible. Rotation of jobs helps prevent over reliance on a single individuals and reduces the chances of ___________.
A) Push-throughs
B) Interactive data
C) Fraud
D) Taxonomy

Accepted Answer

Job rotation helps prevent fraud by reducing the chances of an individual being able to commit fraudulent activities without detection.

Question 2

__________ on LinkedIn, a professional social networking site, has become very popular because it is more effective and efficient than traditional approaches.
A) Risk management
B) Distribution
C) Recruitment
D) Forecasting

Accepted Answer

LinkedIn has become a popular platform for recruitment as it allows employers to easily search for potential candidates based on their skills and experience, as well as connect with them directly. This is more efficient and effective than traditional approaches such as job postings and newspaper ads.

Question 3

________________ is the process of analyzing and selecting investments expenditures) with the highest ROI for the company.
A) Capital budgeting
B) Localized budgeting
C) Interactive data
D) Marketing strategy

Accepted Answer

Capital budgeting is the process of analyzing and selecting the most profitable investment projects for a company. It involves evaluating the cash inflows and outflows of potential projects and selecting the ones that will provide the highest return on investment (ROI). Localized budgeting refers to budgeting at a regional or departmental level, while interactive data is a method of presenting data that allows users to interact with it. Marketing strategy refers to the overall plan to promote a product or service and meet business objectives.

Question 4

The U.S. GAAP Financial Reporting ___________ is an electronic dictionary of business reporting elements used to report business data.
A) Directory
B) Taxonomy
C) Tax laws
D) Tax audit

Accepted Answer

The U.S. GAAP Financial Reporting Taxonomy is an electronic dictionary of business reporting elements used to report business data. It is used for tagging financial statements and other financial data that are filed with the SEC in XBRL format, which makes financial reporting more efficient and accurate. The other options, directory, tax laws, and tax audit, are not accurate descriptions of the U.S. GAAP Financial Reporting Taxonomy.

Question 5

Providing flexibility in selecting benefits is viewed as a competitive advantage in large organizations. Employees can self-register for specific benefits using menus from a __________ or __________.
A) Corporate portal; voice technology
B) Blog; wiki
C) Social network; extranet
D) Mobile or Payroll app

Accepted Answer

The answer of Providing flexibility in selecting benefits is viewed...

Question 6

Improved relationships with employees result in better retention and higher productivity. Therefore, companies invest in __________, which includes self-services such as tracking personal information and online training.
A) Benefits management
B) Employee relationship management
C) Budgeting management
D) Intelligent agents

Accepted Answer

Employee relationship management (ERM) focuses on improving interactions between an organization and its employees. By investing in ERM, which includes self-services like tracking personal information and online training, companies aim to enhance employee satisfaction, leading to better retention and higher productivity.

Question 7

A system of policies and procedures to prevent and detect illegal acts committed by managers, employees, customers, or business partners is called ________________________.
A) Check and balances
B) Regulatory compliance
C) Internal fraud
D) Fraud risk management

Accepted Answer

Fraud risk management involves implementing policies and procedures to prevent and detect fraudulent activities within an organization. This includes measures to identify potential fraud risks, establish controls to prevent fraud, and develop procedures to investigate allegations of fraud. Choices A, B, and C are not specific to fraud prevention and detection.

Question 8

Human resources information systems HRISs), which were implemented on company networks since the late 1990s, have been moved to intranets and __________; and HR apps are leased in __________ arrangements.
A) Social networks; vendor
B) Proprietary databases; ERM
C) Cloud computing; software as a service SaaS)
D) Virtual worlds; intelligent agent

Accepted Answer

Human resources information systems (HRISs) have been moved to cloud computing and are now mostly provided through software as a service (SaaS) arrangements. This allows for easier access and integration with other systems, as well as reduced IT costs for the organization. Alternative options such as social networks or virtual worlds are not commonly used for HRISs, and proprietary databases and ERM are not as flexible and scalable as cloud-based solutions.

Question 9

Each level of management has its own data needs, decision making responsibilities, and time horizons.

Accepted Answer

This statement is true. Each level of management, whether it is top-level, middle-level, or lower-level, requires different types of data, has distinct decision-making responsibilities, and operates on different time horizons. This is because each level of management has a different scope of authority and responsibility.

Question 10

_____________________ can provide investors quicker access to the data they want in a form that's easily used and can help companies pre- pare the information more quickly and more accurately.
A) Interactive investments
B) Interactive data
C) Marketing
D) Tax audit

Accepted Answer

The term "interactive data" refers to a machine-readable format for financial data that enables investors to quickly and easily access and analyze the information they need. This can help companies prepare their financial information more quickly and accurately, and provides investors with quicker access to the data they want in a form that's easily used. The other options (interactive investments, marketing, tax audit) are not directly related to this concept.

Question 11

Within the organization, business functions are connected by the data and reports they share or generate.

Accepted Answer

Data and reports serve as a means of communication and coordination between different business functions within an organization. They provide insights and information that are essential for decision-making and goal achievement. Therefore, it is true that business functions are connected by the data and reports they share or generate.

Question 12

__________ is the field that deals with policies, procedures, compliance requirements associated with acquiring and keeping people in organizations.
A) Accounting
B) Human resources
C) Marketing
D) Payroll

Accepted Answer

Human resources is the field that deals with policies, procedures, compliance requirements associated with acquiring and keeping people in organizations.

Question 13

Fraud is a crime with severe consequences. _______________ fraud is a term that refers to a variety of criminal behaviors perpetrated by an organization's own employees or contractors.
A) Insider trading
B) White collar
C) Computer
D) Internal

Accepted Answer

The sentence specifically refers to "an organization's own employees or contractors," indicating that the term being described is related to internal behavior. Therefore, the best choice is D, Internal fraud. The other options listed (insider trading, white collar, and computer fraud) may also be types of fraud, but they do not fit the specific context described in the sentence.

Question 14

Some of the most innovative HR developments are in the area of live online training LOT) using or other online meeting software.
A) CIM
B) TUN
C) VIS
D) WebEx

Accepted Answer

Among the given options, WebEx is the most commonly used and widely known web conferencing software for live online training. It offers a range of features like screen sharing, recording, and polling to make the training interactive and effective.

Question 15

What is the markup language that was developed for business and financial reporting?
A) XBRL
B) XBOX
C) HTML
D) JAVA

Accepted Answer

XBRL was developed specifically for business and financial reporting, allowing for more efficient and accurate analysis and comparison of financial data across companies and industries. HTML is a markup language used more for web page design, while Java is a programming language used for creating applications and software. XBOX is a gaming console and has no relevance to markup languages.

Question 16

Training activities that are part of HRM may involve __________ issues in recruiting and selecting employees and in evaluating performance, in part because these activities make use of private confidential information.
A) Strategic
B) Operational
C) Ethical
D) Budget

Accepted Answer

The statement mentions that training activities in HRM make use of private confidential information in the context of recruiting, selecting, and evaluating employees. This implies that HRM training activities involve ethical issues, since the handling of confidential information requires ethical considerations such as maintaining privacy and confidentiality, avoiding discrimination, and ensuring fairness in decision-making. The other options, strategic, operational, and budget, do not necessarily relate to the issue of confidential information and thus are less relevant to this statement.

Question 17

Information systems are used to protect companies against fraud. Which of the following is not one of the fraud risk factors identified in your textbook?
A) A high level of trust in employees without sufficient oversight to verify that they are not stealing from the company
B) Relying on informal processes of control
C) A mindset belief) that internal controls and fraud prevention systems are too expensive to implement
D) Assigning a narrow range of duties to employees limiting their opportunities to commit fraud

Accepted Answer

Assigning a narrow range of duties to employees, also known as segregation of duties, is actually a fraud prevention measure rather than a risk factor. It limits the opportunities for an individual to commit fraud because it requires collusion with another employee to circumvent controls.

Question 18

Which of the following is not one of the factors holding companies back from implementing HR SaaS solutions to efficiently transform and improve the HR function?
A) Security
B) Lower costs
C) Quality of service
D) Concern about integration with in-house applications

Accepted Answer

Lower costs is not a factor holding companies back from implementing HR SaaS solutions; in fact, it is often one of the main drivers for adopting such solutions. The other options (security, quality of service, and concern about integration with in-house applications) are legitimate concerns that companies may have when considering HR SaaS solutions.

Question 19

To aid the SEC in regulating the securities industry, publically traded firms are required to use a new _______________________, where data items are tagged to make them easily searchable.
A) Internal network
B) Financial statement
C) Data disclosure compliance system
D) Financial dashboard

Accepted Answer

Publicly traded firms are required to use a data disclosure compliance system that uses eXtensible Business Reporting Language (XBRL) to tag financial data items. This makes it easier for the SEC to analyze and regulate the securities industry.

Question 20

A major reason organizations fail is their inability to ____________ and/or secure sufficient cash flow
A) Forecast
B) Manage
C) Strategize
D) Budget

Accepted Answer

The answer of A major reason organizations fail is their...

Quiz 9: Functional Area and Compliance Systems

Job rotation is when more than one person should be familiar with each transaction cycle in the business where possible. Rotation of jobs helps prevent over reliance on a single individuals and reduces the chances of ___________.

__________ on LinkedIn, a professional social networking site, has become very popular because it is more effective and efficient than traditional approaches.

________________ is the process of analyzing and selecting investments expenditures) with the highest ROI for the company.

The U.S. GAAP Financial Reporting ___________ is an electronic dictionary of business reporting elements used to report business data.

Providing flexibility in selecting benefits is viewed as a competitive advantage in large organizations. Employees can self-register for specific benefits using menus from a or .

Improved relationships with employees result in better retention and higher productivity. Therefore, companies invest in __________, which includes self-services such as tracking personal information and online training.

A system of policies and procedures to prevent and detect illegal acts committed by managers, employees, customers, or business partners is called ________________________.

Human resources information systems HRISs) , which were implemented on company networks since the late 1990s, have been moved to intranets and ; and HR apps are leased in arrangements.

Each level of management has its own data needs, decision making responsibilities, and time horizons.

_____________________ can provide investors quicker access to the data they want in a form that's easily used and can help companies pre- pare the information more quickly and more accurately.

Within the organization, business functions are connected by the data and reports they share or generate.

__________ is the field that deals with policies, procedures, compliance requirements associated with acquiring and keeping people in organizations.

Fraud is a crime with severe consequences. _______________ fraud is a term that refers to a variety of criminal behaviors perpetrated by an organization's own employees or contractors.

Some of the most innovative HR developments are in the area of live online training LOT) using or other online meeting software.

What is the markup language that was developed for business and financial reporting?

Training activities that are part of HRM may involve __________ issues in recruiting and selecting employees and in evaluating performance, in part because these activities make use of private confidential information.

Information systems are used to protect companies against fraud. Which of the following is not one of the fraud risk factors identified in your textbook?

Which of the following is not one of the factors holding companies back from implementing HR SaaS solutions to efficiently transform and improve the HR function?

To aid the SEC in regulating the securities industry, publically traded firms are required to use a new _______________________, where data items are tagged to make them easily searchable.

A major reason organizations fail is their inability to ____________ and/or secure sufficient cash flow

Quiz 9: Functional Area and Compliance Systems

Job rotation is when more than one person should be familiar with each transaction cycle in the business where possible. Rotation of jobs helps prevent over reliance on a single individuals and reduces the chances of ___________.

__________ on LinkedIn, a professional social networking site, has become very popular because it is more effective and efficient than traditional approaches.

________________ is the process of analyzing and selecting investments expenditures) with the highest ROI for the company.

The U.S. GAAP Financial Reporting ___________ is an electronic dictionary of business reporting elements used to report business data.

Providing flexibility in selecting benefits is viewed as a competitive advantage in large organizations. Employees can self-register for specific benefits using menus from a __________ or __________.

Improved relationships with employees result in better retention and higher productivity. Therefore, companies invest in __________, which includes self-services such as tracking personal information and online training.

A system of policies and procedures to prevent and detect illegal acts committed by managers, employees, customers, or business partners is called ________________________.

Human resources information systems HRISs) , which were implemented on company networks since the late 1990s, have been moved to intranets and __________; and HR apps are leased in __________ arrangements.

Each level of management has its own data needs, decision making responsibilities, and time horizons.

_____________________ can provide investors quicker access to the data they want in a form that's easily used and can help companies pre- pare the information more quickly and more accurately.

Within the organization, business functions are connected by the data and reports they share or generate.

__________ is the field that deals with policies, procedures, compliance requirements associated with acquiring and keeping people in organizations.

Fraud is a crime with severe consequences. _______________ fraud is a term that refers to a variety of criminal behaviors perpetrated by an organization's own employees or contractors.

Some of the most innovative HR developments are in the area of live online training LOT) using or other online meeting software.

What is the markup language that was developed for business and financial reporting?

Training activities that are part of HRM may involve __________ issues in recruiting and selecting employees and in evaluating performance, in part because these activities make use of private confidential information.

Information systems are used to protect companies against fraud. Which of the following is not one of the fraud risk factors identified in your textbook?

Which of the following is not one of the factors holding companies back from implementing HR SaaS solutions to efficiently transform and improve the HR function?

To aid the SEC in regulating the securities industry, publically traded firms are required to use a new _______________________, where data items are tagged to make them easily searchable.

A major reason organizations fail is their inability to ____________ and/or secure sufficient cash flow

Providing flexibility in selecting benefits is viewed as a competitive advantage in large organizations. Employees can self-register for specific benefits using menus from a or .

Human resources information systems HRISs) , which were implemented on company networks since the late 1990s, have been moved to intranets and ; and HR apps are leased in arrangements.