1. Western University just obtained a link to Internet2. Researchers at Western intend to make very heavy use of their new link for various forms of collaboration, for videoconferencing, and for running complex simulations. Unlike the regular Internet, the more bandwidth Western's researchers use on Internet2, the more the university will have to pay.

a. Ture

b. false

4. One advantage of networked computers is that they offer much greater computer security than the older mainframe systems.

a. True

b. False

7. Bennett just got started using a storage method called Dropbox. He stores most of his information with this service. Bennett is using cloud computing.

a. True

b. False

9. Ransomware only infects individuals' personal computers. Big organizations have too many firewalls in place to allow the virus in.

a. True

b. False

10. Tee Time Golf Resorts currently has an intranet and is considering making use of an extranet. One of the main reasons Tee Time may want an extranet is to allow a select group of outside customers to have access to information on its intranet.

a. True

b. False

15. A company that wanted to provide a single, unified entry point to its network that would allow different types of users access to different types of resources could do so by establishing a(n)

a. enterprise portal.

b. broadband interface.

c. intranet.

d. mainframe network.

22. When valuing items in inventory for financial reporting purposes, generally accepted accounting principles (GAAP) requires firms to value the cost of goods sold by assuming that the items that have been in inventory the longest are the ones that are sold first.

a. true

b. false

26. The steps in the accounting cycle do not need to be followed in the order stated. Monthly financial statements can be prepared with a good amount of accuracy, prior to posting in the ledger or preparing the trail balance.

a. true

b. false

30. The best way for a firm to avoid serious cash flow problems is to sustain a rapid growth in sales.

a. true

b. false

43. Accountants truly represent the financial managers of a business.

a. true

b. false