Question 1

Which one of the following statements best defines datagovernance?

Options :

A : Procedures implemented by the board of directors to manage data.

B : A framework used to oversee the availability, usability and integrity of data

C : The company-s framework for supervising and managing the IT function

D : The corporate records retention policy setting out the contents of the system data records

Answer: C

Question 2

Which one of the following items is included in accumulated other comprehensive income?

Options :

A : Gains and losses on the sale of equipment

B : Effect of a change in accounting method

C : Realized gains on available-for-sale securities

D : Foreign currency translation adjustments

Answer: D

Question 3

Which one of the following is not considered to be a Benefit of participative budgeting?

Options :

A : Managers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.

B : Budget estimates are prepared by those in direct contact with various activities

C : individuals at all organizational levels are recognized as being pan of the team resulting in greatersupport of the budget

D : When managers set the final targets for the budget, it reduces top management-s concerns about theprofitability of operations

Answer: D

Question 4

Which oneof the following best describes the difference between a normal costing system and an actual costing system?

Options :

A : Direct labor cost is estimated using a predetermined rate under a normal costing system, while it is the actual value under an actual costing system.

B : Direct material cost is estimated using a predetermined rate under a normal costing system while it is the actual value under an actual costing system

C : Factory overhead cost is estimated using a predetermined rate under a normal costing system,while it is me actual value under an actual costing system.

D : Both direct labor cost and direct material cost are estimated using a predetermined rate under a normal costing system, while they are the actual value under an actual costing system

Answer: C

Question 5

Which one of the following activities is not a pan of the data mining process?

Options :

A : Applying statistical techniques to derive information from large sets of data

B : Using artificial intelligence to identify patterns in large data sets

C : Generating recommendations based on insights derived from large databases

D : Creating valid and useful information from large data sets using statistical methods

Answer: C

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