Question 1

The ______________________________ manager usually performs major buying activities as well as the required administrative duties of running a department.

Accepted Answer

The answer of The ______________________________ manager usually performs major buying...

Question 2

The business document that accompanies the purchased inventory from the vendor and identifies the shipment and triggers the inventory receiving process is the ______________________________.

Accepted Answer

The answer of The business document that accompanies the purchased...

Question 3

In preparing a PO, buyers should ______________________________ to ensure that a purchase is being made from a suitable vendor.

Accepted Answer

use author

Question 4

The document used to record merchandise receipts is called a purchasing report.

Accepted Answer

A) True 
 B)False

Question 5

Goal congruence exists when each individual manager's goals are achieved.

Accepted Answer

A) True 
 B)False

Question 6

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

Accepted Answer

A) True 
 B)False

Question 7

______________________________ allow the vendor to determine that the sender of the message has the authority to send it and thus prevents an unauthorized purchase.

Accepted Answer

The answer of ______________________________ allow the vendor to determine that...

Question 8

The ______________________________ is a compilation of open purchase orders that includes the status of each item on order.

Accepted Answer

purchase o

Question 9

TB Figure 12.13 is the annotated systems flowchart for the purchasing process. TB Figure 12.14 is the related control matrix. Following the control matrix is a description of the first control plan, P-1.
Required:
Using the format shown for control plan P-1, write descriptions for control plans P-2 through P-6.
     P-1: APPRoUs purehas raquisition.
Furchase raquisition input validity: By dbtairing appravals far all purchase reqqusitions, we reduce the possibility that invalid (unauthorized) reqquisitions will be input.

Accepted Answer

The answer of TB Figure 12.13 is the annotated systems...

Question 10

Supply chain management:

Accepted Answer

A)  helps to ensure delivery of goods and services to customers of the highest value but increases costs. 
B)  helps to ensure delivery of goods and services to customers at the lowest costs while providing the highest value. 
C)  helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality. 
D)  increases inventory across the supply chain. 
A)  helps to ensure delivery of goods and services to customers of the highest value but increases costs. 
B)  helps to ensure delivery of goods and services to customers at the lowest costs while providing the highest value. 
C)  helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality. 
D)  increases inventory across the supply chain.

Question 11

The resources for which the purchasing process wants to ensure security for which of the following:

Accepted Answer

A)  purchase order master data 
B)  inventory 
C)  both a and b 
D)  neither a or b 
A)  purchase order master data 
B)  inventory 
C)  both a and b 
D)  neither a or b

Question 12

In selecting a vendor, a buyer may need to obtain competitive bids by means of a document called a(n) ______________________________.

Accepted Answer

request for quotatio

Question 13

As used in the purchasing process chapter, the term ______________________________ refers to raw materials, merchandise, supplies, fixed assets, or intangible assets.

Accepted Answer

The answer of As used in the purchasing process chapter,...

Question 14

The purchasing process-receive goods and services-normally would be triggered by the data flow:

Accepted Answer

A)  purchase order 
B)  vendor acknowledgement 
C)  vendor packing slip 
D)  purchase requisition 
A)  purchase order 
B)  vendor acknowledgement 
C)  vendor packing slip 
D)  purchase requisition

Question 15

In a purchasing process, receiving goods, but not a vendor invoice, from a supplier typically results in an update to all of the following data stores except the:

Accepted Answer

A)  inventory master data 
B)  vendor master data 
C)  accounts payable master data 
D)  purchase order master data 
A)  inventory master data 
B)  vendor master data 
C)  accounts payable master data 
D)  purchase order master data

Question 16

______________________________ is the use of information technology to automate significant portions of the procurement process.

Accepted Answer

The answer of ______________________________ is the use of information technology...

Question 17

Issues related to the purchasing function, such as kickbacks, bribes, conflicts of interest, and the like are often addressed by ____.

Accepted Answer

A)  job descriptions 
B)  corporate codes of conduct 
C)  computer security modules 
D)  vendor master files 
A)  job descriptions 
B)  corporate codes of conduct 
C)  computer security modules 
D)  vendor master files

Question 18

An employee has a(n) ______________________________ when he (she) has a financial interest (direct or indirect) in a company with which the employer does business.

Accepted Answer

conflict o

Question 19

In many organizations ______________________________ do the actual buying.

Accepted Answer

The answer of In many organizations ______________________________ do the actual...

Question 20

The purchase requisition is sent from the inventory control department to the purchasing department.

Accepted Answer

A) True 
 B)False

The ______________________________ manager usually performs major buying activities as well as the required administrative duties of running a department.

The business document that accompanies the purchased inventory from the vendor and identifies the shipment and triggers the inventory receiving process is the ______________________________.

In preparing a PO, buyers should ______________________________ to ensure that a purchase is being made from a suitable vendor.

The document used to record merchandise receipts is called a purchasing report.

Goal congruence exists when each individual manager's goals are achieved.

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

______________________________ allow the vendor to determine that the sender of the message has the authority to send it and thus prevents an unauthorized purchase.

The ______________________________ is a compilation of open purchase orders that includes the status of each item on order.

Supply chain management:

The resources for which the purchasing process wants to ensure security for which of the following:

In selecting a vendor, a buyer may need to obtain competitive bids by means of a document called a(n) ______________________________.

As used in the purchasing process chapter, the term ______________________________ refers to raw materials, merchandise, supplies, fixed assets, or intangible assets.

The purchasing process-receive goods and services-normally would be triggered by the data flow:

In a purchasing process, receiving goods, but not a vendor invoice, from a supplier typically results in an update to all of the following data stores except the:

______________________________ is the use of information technology to automate significant portions of the procurement process.

Issues related to the purchasing function, such as kickbacks, bribes, conflicts of interest, and the like are often addressed by ____.

An employee has a(n) ______________________________ when he (she) has a financial interest (direct or indirect) in a company with which the employer does business.

In many organizations ______________________________ do the actual buying.

The purchase requisition is sent from the inventory control department to the purchasing department.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting GLBR Process

Acquiring and Implementing Accounting Information Systems

Filters

Exam 12: The Purchasing Process

The ______________________________ manager usually performs major buying activities as well as the required administrative duties of running a department.

The business document that accompanies the purchased inventory from the vendor and identifies the shipment and triggers the inventory receiving process is the ______________________________.

In preparing a PO, buyers should ______________________________ to ensure that a purchase is being made from a suitable vendor.

The document used to record merchandise receipts is called a purchasing report.

Goal congruence exists when each individual manager's goals are achieved.

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

______________________________ allow the vendor to determine that the sender of the message has the authority to send it and thus prevents an unauthorized purchase.

The ______________________________ is a compilation of open purchase orders that includes the status of each item on order.

Supply chain management:

The resources for which the purchasing process wants to ensure security for which of the following:

In selecting a vendor, a buyer may need to obtain competitive bids by means of a document called a(n) ______________________________.

As used in the purchasing process chapter, the term ______________________________ refers to raw materials, merchandise, supplies, fixed assets, or intangible assets.

The purchasing process-receive goods and services-normally would be triggered by the data flow:

In a purchasing process, receiving goods, but not a vendor invoice, from a supplier typically results in an update to all of the following data stores except the:

______________________________ is the use of information technology to automate significant portions of the procurement process.

Issues related to the purchasing function, such as kickbacks, bribes, conflicts of interest, and the like are often addressed by ____.

An employee has a(n) ______________________________ when he (she) has a financial interest (direct or indirect) in a company with which the employer does business.

In many organizations ______________________________ do the actual buying.

The purchase requisition is sent from the inventory control department to the purchasing department.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivablecash Receipts Barcr Process

The Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting GLBR Process

Acquiring and Implementing Accounting Information Systems

Filters