Management Information Systems

1.Which of the following is(are) true of the EDP auditors?

they should have computer expertise they will be replaced by traditional auditors in the near future two of the above currently, there is a very high demand for them, particularly from firms that use personal computers

2.Controls of data communication deal with

the communication channel the computer terminals All of the above

3.A lockbox service is used for

depositing cash when bank is closed paying bank customer bills automatically storing papers in a bank vault depositing payments to bank customers

4.Critical path of the PERT chart is:

path which takes the longest time to complete the project the shortest path both of the above path which takes the shortest time to complete the project

5. Inventory is also referred to as:

stock warehouse capacity materials materials in hand