Chapter 13 - Test Bank (MCQ)

Chapter 13 - Test Bank (MCQ) - TEST BANK CHAPTER 13...

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TEST BANK – CHAPTER 13 – MULTIPLE CHOICE 1. Data is A. The interpretation of facts that have been processed. B. The set of facts collected from transactions. C. The set of facts pertaining to accounts payable. D. The set of facts pertaining to accounts receivable. 2. Information is the: A. Interpretation of data that have been processed. B. Set of facts collected from transactions. C. Set of facts pertaining to accounts payable. D. Set of facts pertaining to accounts receivable. 3. Data collected would be all but the: A. Name of the customer. B. Selling company’s name. C. Address of the customer. D. Credit card number of the customer. 4. Examples of data collection events are A. Transactions that fill customer orders. B. Transactions to replenish inventory. C. Neither A nor B are examples of data collection. D. Both A and B are examples of data collection. 5. The reason that detailed data must be collected and stored is: 1. The data must be stored for future transactions or follow-up. 2. The data must be incorporated into the accounting system so that regular financial statements can be prepared. 3. Management needs to examine and analyze data from transactions to operate the organization. A. Only 1. B. Only 1 and 2. C. Only 1, 2, and 3. D. Include 1, 2, and 3 among other reasons.
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6. Structured data: A. Includes data collected from transactions. B. Easily fit into rows and columns C. Include accounting data D. All of the above are true of structured data 7. Detailed information from a sale may be used by: 1. The sales department. 2. The accounts receivable section. 3. The inventory department. 4. General ledger accountants. 5. Customer service. A. Only 1, 3, and 5. B. Only by 1, 2, 3, and 5. C. Only by 1, 2, and 3. D. Only by 1, 2, 3, and 4. 8. Which of the following statements is true of unstructured data? 1. Unstructured data does not easily fit into rows and columns of fixed length 2. An example of unstructured data is the free-form text of an online customer’s review of a product 3. Accounting data is unstructured data 4. An example of unstructured data would be a 10-digit phone number A. Only 1. B. Only 1 & 2. C. Only 1, 2, & 3. D. Only 1 & 4. 9. The reasons for storing data to complete a customer sales transactions include all of the following EXCEPT: 1. Taking the order. 2. Pulling the items from the warehouse. 3. Shipping the items to the customer. 4. Billing the customer. 5. Providing feedback to the customer on the order. 6. Updating the customer account for payment. A. 1. B. 1 and 5. C. 2 and 3. D. 5.
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10. The reasons to store customer names, addresses, and other similar information include all but: A. To follow up with the customer. B. To create financial reports. C. To expedite future orders. D. To ease the customer’s follow-on ordering processes. 11. Storage media and methods of processing are: A. Sequential and random access storage with random and batch data processing.
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