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NEW QUESTION: 1
An internal auditor was performing an operational audit of the purchasing and accounts payable system. The audit objective was to identify changes in processes that would improve efficiency and effectiveness. Which of the following statements support the auditor's recommendation that electronic data interchange EDI) be implemented within a company?
I. There is a small number of transactions.
II. There is a time-sensitive just-in-time purchase environment.
III. There is a large volume of custom purchases.
IV.
There are multiple transactions with the same vendor.
A. I and Ill.
B. II and IV only.
C. I only.
D. II, Ill, and IV.
Answer: B
Explanation:
EDI is advantageous in a JIT environment because it provides the capacity for instantaneous ordering. Moreover, a JIT environment already is characterized by the close vendor-purchaser cooperation required by an EDI system. Another reason for implementing an EDI system is that the purchaser has a large volume of transactions with the same vendor(s). Otherwise. EDI may not be cost efficient.

NEW QUESTION: 2
The "centralized collateral management service" offers which of the following services for its clients?
A. The valuation and transfer of collateral in any type of repo
B. The valuation and transfer of collateral in tri party repos only
C. The valuation and transfer of collateral in special repos only
D. The valuation and transfer of collateral in general collateral (GC) repos only
Answer: B

NEW QUESTION: 3
A technician is implementing a new network that contains eight Ethernet routing switch (ERS) 8600 switches and uses advanced features. Where are two possibilities for generating license? (Choose two)
A. one individual advanced feature license for each ERS 8600 chassis
B. one advanced feature license for the network
C. one multi-chassis license using multiple MAC addresses
D. one site license per ERS 8600
E. one premier feature license for the network
Answer: B,D