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.

If the Federal Reserve wanted to increase the money supply, it might: (Points : 2) Increase the reserve requirement. Buy U.S. securities directly from the Treasury. Buy U.S. securities on the open market. Sell U.S. securities on the open market.

A software program prompts the input clerk that an account number is incorrect. This prompt is most likely based on what input control? (Points : 2) Formatted input. Reasonableness test. Check digit. Hash total.

Question 18.18. The overall cost of capital is the: (Points : 2) Minimum rate a firm must earn on high risk projects. Average rate of return a firm earns on its assets. Rate of return on assets that covers the costs associated with the funds employed. Cost of the firm’s equity capital at which the market value of the firm will remain unchanged.

Which is not an example of an operating system for an information system? (Points : 2) DOS Linux BIOS VMS

Explanation / Answer

Answer 1. POS System POS System: A computerized network operated by a main computer and linked to several checkout terminals . Inventory software programs now on the market let you track usage, monitor changes in unit dollar costs, calculate when you need to reorder, and analyze inventory levels on an item-by-item basis. You can even control inventory right at the cash register with point-of-sale (POS) software systems. Answer 2. Buy U.S. securities on the open market To increase the money supply in the market, the FOMC will purchase securities from banks. The funds that the banks acquire from the sale can be used as loans to individuals and businesses. The more money that is available in the market for lending, the lower the rates on these loans become, which causes more borrowers to access cheaper capital. This easier access to capital leads to greater investment and will often stimulate the overall economy. Answer 3. Reasonableness Test Reasonableness Test : A measurement to determine the validity of an action or process. Answer 4. Rate of return on assets that covers the costs associated with the funds employed Overall Cost of Capital: The firm must earn a minimum of rate of return to cover the cost of generating funds to finance investments Answer 5. BIOS BIOS: BIOS (basic input/output system) is the program a personal computer's microprocessor uses to get the computer system started after you turn it on. It also manages data flow between the computer's operating system and attached devices such as the hard disk, video adapter, keyboard, mouse and printer.

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