According to IIA guidance, which of the following best describes the activities that occur during the conversion phase of an IT project?

• A.Conversion of user requirements into system specifications
• B.Conversion of data from the old system into the new system
• C.Conversion of user requirements into program codes
• D.Conversion of test data into production data

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Which of the following budgets serves as a basis for the budgeted income statement?

• A.All operating budgets
• B.All financial budgets
• C.Only the sales and production budgets
• D.Only the cash budget and budgeted balance sheet

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Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?

• A.Accounts receivable turnover, return on assets, and the current ratio.
• B.Inventory turnover in days, the current ratio, and return on equity.
• C.Times interest earned, return on assets, and inventory turnover.
• D.Accounts receivable turnover, inventory turnover in days, and the current ratio.

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Which of the following statements accurately describes one of the characteristics that distinguishes a multinational company from a domestic company?

• A.A multinational company uses raw materials and components from more than one country.
• B.A multinational company has stockholders in other countries.
• C.A multinational company operates outside of its country of origin.
• D.A multinational company exports its products to other countries.

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Which of me following is true of matrix organizations?

• A.A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager
• B.A combination of product and functional departments allows management lo utilize personnel from various functions
• C.It is best suited for firms with scattered locations or for multi-lira. large-scale firms
• D.Authority responsibility and accountability of the units involved may vary based on the project's life, or the organization's culture

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