Question 1

Which of the following is not an example of a source document?

Accepted Answer

A) Receiving report 
B) Purchase order 
C) Sales order 
D) Aging report 
A) Receiving report 
B) Purchase order 
C) Sales order 
D) Aging report

Question 2

A company's chart of accounts is used to organize its general ledger.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a benefit to corporate executives when a process is outsourced?

Accepted Answer

A) Day-to-day process management responsibilities are deleted 
B) More time to explore new revenue generation activities 
C) More time to focus on recruiting and training personnel 
D) Changing customer demands are no longer a problem 
A) Day-to-day process management responsibilities are deleted 
B) More time to explore new revenue generation activities 
C) More time to focus on recruiting and training personnel 
D) Changing customer demands are no longer a problem

Question 4

The bill of lading:

Accepted Answer

A) Signifies release of goods for shipment to customers 
B) Is sent to the customer with the purchase invoice 
C) Is used to control inventory 
A) Signifies release of goods for shipment to customers 
B) Is sent to the customer with the purchase invoice 
C) Is used to control inventory

Question 5

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

Accepted Answer

A) True 
 B)False

Question 6

Block codes consist of a combination of a sequence code and a mnemonic code.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following Business Process Management (BPM)software solutions is most often associated with the sales process?

Accepted Answer

A) Enterprise resource management 
B) Integrated management 
C) Customer relationship management 
D) Supply chain management 
E) none of the above 
A) Enterprise resource management 
B) Integrated management 
C) Customer relationship management 
D) Supply chain management 
E) none of the above

Question 8

The sales process begins with:

Accepted Answer

A) Placing an order with a vendor 
B) A customer order for goods or services 
C) Production of goods or services 
D) Delivery of goods or services 
A) Placing an order with a vendor 
B) A customer order for goods or services 
C) Production of goods or services 
D) Delivery of goods or services

Question 9

The primary objective in processing revenue transactions is to:

Accepted Answer

A) Achieve timely and efficient cash collection 
B) Maximize an organization's sales orders 
C) Only sell goods to customers who can pay their bills 
A) Achieve timely and efficient cash collection 
B) Maximize an organization's sales orders 
C) Only sell goods to customers who can pay their bills

Question 10

Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty.These software solutions are called:

Accepted Answer

A) Customer relations data solutions 
B) Customer relationship management solutions 
C) Sales data management solutions 
D) none of the above 
A) Customer relations data solutions 
B) Customer relationship management solutions 
C) Sales data management solutions 
D) none of the above

Question 11

When companies outsource business processes to other countries, such as India, and the Philippines, it is often the case that workers in those countries:

Accepted Answer

A) Gain job prestige 
B) Enjoy a better quality of life 
C) Have higher income 
D) all the above 
A) Gain job prestige 
B) Enjoy a better quality of life 
C) Have higher income 
D) all the above

Which of the following is not an example of a source document?

A company's chart of accounts is used to organize its general ledger.

Which of the following is a benefit to corporate executives when a process is outsourced?

The bill of lading:

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

Block codes consist of a combination of a sequence code and a mnemonic code.

Which of the following Business Process Management (BPM)software solutions is most often associated with the sales process?

The sales process begins with:

The primary objective in processing revenue transactions is to:

Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty.These software solutions are called:

When companies outsource business processes to other countries, such as India, and the Philippines, it is often the case that workers in those countries:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 8: Accounting Information Systems and Business Processes: Part I

Which of the following is not an example of a source document?

A company's chart of accounts is used to organize its general ledger.

Which of the following is a benefit to corporate executives when a process is outsourced?

The bill of lading:

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

Block codes consist of a combination of a sequence code and a mnemonic code.

Which of the following Business Process Management (BPM)software solutions is most often associated with the sales process?

The sales process begins with:

The primary objective in processing revenue transactions is to:

Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty.These software solutions are called:

When companies outsource business processes to other countries, such as India, and the Philippines, it is often the case that workers in those countries:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters