Week 4 Quiz

Week 4 Quiz - QUESTION: 1 [QUESTION BANK ID: 127631] TYPE:...

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QUESTION: 1 [QUESTION BANK ID: 127631] TYPE: MULTIPLE CHOICE CORRECT The second step in the acquisition/payment process << HIDE ANSWERS A Promotes good internal control B Ensures that no fraud can happen in the process C Does not involve information technology D Establishes that the balance sheet is accurate QUESTION: 2 [QUESTION BANK ID: 15347] TYPE: MULTIPLE CHOICE CORRECT In the acquisition/payment process, bar coding can be most effectively used to << HIDE ANSWERS A Pay vendors online B Eliminate the need for RFID C Prevent the theft of inventory D Monitor inventory levels QUESTION: 3 [QUESTION BANK ID: 50727] TYPE: MULTIPLE CHOICE CORRECT Which form of operational risk is most likely to increase with the use of information technology in the sales/collection process? << HIDE ANSWERS A Systems risk B Human error risk C Market risk D Business strategy risk QUESTION: 4 [QUESTION BANK ID: 110804] TYPE: MULTIPLE CHOICE CORRECT Bert and Rocky's is a small local ice cream shop in southern California. Their acquisition/payment process would benefit least from ___ software. << HIDE ANSWERS A Enterprise resource planning B Spreadsheet C General ledger D Relational database QUESTION: 5 [QUESTION BANK ID: 120181] TYPE: MULTIPLE CHOICE CORRECT
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In the partial data flow diagram above, symbol C is least likely to be labeled << HIDE ANSWERS A File documents B Prepare purchase order C Pay vendor invoice D Receive merchandise QUESTION: 6 [QUESTION BANK ID: 81911] TYPE: MULTIPLE CHOICE CORRECT If the partial data flow diagram below represents a portion of the sales/collection process, Symbol A could refer to << HIDE ANSWERS A Take customer order B Customer C A remittance advice D Any of the above QUESTION: 7 [QUESTION BANK ID: 55663] TYPE: MULTIPLE CHOICE CORRECT The acquisition/payment process begins by << HIDE ANSWERS A Choosing a software package B Prenumbering purchase orders C Establishing an economic order quantity for each inventory item D Requesting goods and services based on monitored need QUESTION: 8 [QUESTION BANK ID: 29424] TYPE: MULTIPLE CHOICE
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Staff at FTG Corporation use a form when taking customer orders. The form could be generated with: (i) relational database software, (ii) web development software. A i only B ii only C Both i and ii D Neither i nor ii QUESTION: 9 [QUESTION BANK ID: 89021] TYPE: MULTIPLE CHOICE CORRECT Porter's value chain comprises ___ activities and ___ activities. << HIDE ANSWERS A Sales, procurement B Sales, collection C Primary, secondary D Primary, support QUESTION: 10 [QUESTION BANK ID: 34837] TYPE: MULTIPLE CHOICE CORRECT Hall's Office Supplies is a small store in a rural area of the United States; Ian Hall is the owner. The store also employs three purchasing agents and an accountant. While the purchasing agents handle day-to-day inventory purchases, Ian makes all large purchases (equipment, furniture and computers, for example) himself. Each purchasing agent is responsible for purchasing a specific group of inventory items. For example, one purchasing agent
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This note was uploaded on 01/13/2012 for the course EAC 2221 taught by Professor Smith during the Spring '11 term at FIT.

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Week 4 Quiz - QUESTION: 1 [QUESTION BANK ID: 127631] TYPE:...

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