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Question 33 FLAG QUESTION (1 Mark) Consider the following two accounts, cost of goods sold (COGS) and inventory Answers A-D A Their amounts are the same, except that COGS is found in the income statement while inventory is found in the balance sheet B The COGS amount is always larger than that of inventory C The inventory amount is always larger than that of COGS. The COGS amount is the same as the change in the amount of inventory Result Competitor Competitor ID T Event Event ID Y Result IDY Competitor ID Event D Round ID Heat ID Country Country 10 Y English Name Flag ID Event Name Given Name Family Name Legal Full Name Country ID Birth Date Gender Code Event Description Placing Code Elapsed Time (3 marks) The diagram above models the structure of data relating to a sports competition involving multiple competitors and events. Which of the fe TRUE? Answers A-E A A competitor must be associated with a country B An event must have at least one result recorded. C it is possible for a country to have no competitors D A result is uniquely identified by the combination of the Competitor ID and Event ID attributes E Every competitor must have a result recorded. MacBook Pro STIONS VERSION 2M92 (1 mark) How has the adoption of information technology changed the role of accountants? Answers A-E A It has increased the need for business insights B It has increased the need for analytical insights C It has increased the need for technical skills. D It has increased the need for customer service. E All of the above. Which statement(s) about the Business Model Canvas is/are TRUE? Answers A-E A The Business Model Canvas can be used to test start-up ideas. B The Business Model Canvas is used for the same purposes as the Business Process Model and Notation C The Business Model Canvas is used for automated simulations to improve business models. D On this Canvas, you can define as many components as you want. E All of the above (1 mark) Which of the following statements about information systems is TRUE? Answers A-E A Decision support systems are used by executives and managers to analyse data and help them make decisions B A transaction processing system is an example of a functional area information system C Every information systern is used solely within a single organisation D Computer networking means that any two information systems can easily communicate and exchange information E A financial planning information system is an example of an operational information system