quiz 2 - 1....

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1.   Which step below is  not  considered to be part of the data processing cycle?    Student Response Value Correct Answer Feedback A. data input      B. feedback from  external sources 100%       C.  data storage      D.  data processing       Score: 4/4    2.   Basic data storage concepts define both entities and attributes. An entity is something about which information  is stored. Which item below would  not  be considered an entity?    Score: 4/4    3.   Data must be collected about three facets of each business activity. What are they? 
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  Score: 4/4    4.   The general ledger    Score: 4/4    5.   Computers store data by organizing smaller units of data into larger units, which have meaning to users. Data  values that are stored in a physical space are called a   
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  Score: 4/4    6.   Hector Sanchez works in the accounting department of a multinational manufacturing firm. A large part of his  job involves updating accounts payable based on purchase reports and payments made by the firm. His  responsibilities are part of the firm's    Score: 4/4    7.   The basic "give and take" functions of a business have been grouped into transaction cycles. The cycle that  includes the events of hiring employees and paying them is known as the   
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  Score: 4/4    8.   Source documents are usually generated in the process of conducting common business activities. Name a source document con Student Response: Sample Correct Answer General Feedback: Score:   9.   Which of the following is  not  a transaction cycle?    Score: 4/4    10.
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  In transaction processing, generally which activity comes first?    Score: 0/4    11.   What is the major difference between the revenue and the expenditure cycle?    Score: 4/4    12.   Transaction cycles can be summarized on a high level as "give-get" transactions. An example of "give-get" in  the expenditure cycle would be 
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  Score: 0/4  New score: 3/4  This score has been adjusted by the grader.     13.   A specialized journal    Score: 4/4    14.   The systematic assignment of numbers or letters to items to classify and organize them is known as 
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  Score: 4/4    15.   Concerning a master file, which of the following statements is false?    Score: 4/4    16.   The transaction cycles approach leads to efficient processing of large number of transactions because   
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  Score: 4/4    17.  
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quiz 2 - 1....

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