EDP Multiple Choice Answers

I. EDP Terminology Questions
1. b 2. c 3. d 4. d 5. c 6. c 7. d 8. d 9. d 10. a 11. a
II. EDP Internal Control Questions
1. d 2. b 3. c 4. b 5. a 6. d 7. b 8. d 9. b 10. b 11. c 12. c 13. c
14. d 15. d 16. a 17. d 18. b 19. b 20. c 21. c 22. a 23. a 24. a 25. c

GOVERNMENT BOOKS--BIG MESSUPS


WASHINGTON -- The National Park Service says it's committed to cleaning up accounting and financial control glitches that led it to assess the value of one of its mobile radios at $79 million and price an agency fire truck at 1 cent. "We are working very hard to correct the problems," Park Service spokeswoman Florence Six said Friday, a day after government investigators criticized the agency during a joint meeting of two House subcommittees. On Thursday, the Interior Departments Office of Inspector General and the general accounting--told lawmakers that the agency does not collect enough information to tell where its limited resources can be best spent to protect the Federal property it oversees. "Overall, our information was not accurate, reliable or supported by the accounting system," Fleischman said. Park property values were overstated by more than $90 million because of accounting errors, she said. "Examples of inaccurate data in the automated system were a vacuum cleaner worth $150 that was listed at over $800,000, a dishwasher worth $350 that was listed at over $750,000, a fire truck worth $133,000 that was listed at 1 cent and a mobile radio worth $793 that was listed at over $79 million" she said. But Fleischman believes Park officials are well on their way to straightening out their records. "We are encouraged by the commitment of the current director of the park service to devote the necessary resources to make needed changes to the accounting system," she said Thursday.

FINAL EXAM

At Duke University, there were four sophomores taking Organic Chemistry. They did so well on all the quizzes, midterms and labs, etc., that each had an "A" so far for the semester. These four friends were so confident that the weekend before finals, they decided to go up to the University of Virginia and party with some friends there. They had a great time -- however, after all the hearty partying, they slept all day Sunday and didn't make it back to Duke until early Monday morning. Rather than taking the final then, they decided to find their professor after the final and explain to him why they missed it. They explained that they had gone to UVA for the weekend with the plan to come back in time to study, but, unfortunately, they had a flat tire on the way back, didn't have a spare, and couldn't get help for a long time. As a result, they missed the final. The professor thought it over and then agreed they could make up the final the following day. The guys were elated and relieved.

They studied that night and went in the next day at the time the professor had told them. He placed them in separate rooms and handed each of them a test booklet, and told them to begin. They looked at the first problem, worth five points. It was something simple about free radical formation. "Cool," they thought at the same time, each one in his separate room, "this is going to be easy." Each finished the problem and then turned the page...

On the second page was written: (For 95 points): Which tire?