Exam 2: Overview of Business Processes

A formal expression of goals and objectives in financial terms is called a(n)

Which of the following is not a type of report provided to decision makers by the typical AIS?

Businesses usually use some type of documents in the data input step of the data processing cycle.Documents that are sent to customers or suppliers and then sent back to the organization in the course of a business transaction are known as

Which managerial tool below is used to provide the organization with financial control?

Concerning a master file,which of the following statements is false?

Which step below is not considered to be part of the data processing cycle?

All transaction cycles feed information directly into the

A specialized journal

Callow Youth Clothing is a boutique retailer located in Estes Park,Colorado.It is a sole proprietorship that stocks an inventory of between 80 and 160 different items,each of which is tracked in real time by the AIS.In designing a chart of accounts for this business,what is the minimum number of digits necessary to represent the account codes,including subsidiary ledgers?

In transaction processing,generally which activity comes first?

Which of the following is conceptually similar to a journal in a manual AIS?

What is a primary example of source data automation?

A chart of accounts is an example of (select all that apply)

Once data are entered into files,the files are processed.File processing includes all of the following except

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

The premier buyer and seller of vintage action figures in the San Francisco Bay area is Vini Vidi Geeky.Since 1996,the owner,Glamdring Elfthrall,has leveraged computer technology to provide a superior level of customer service.In particular,the store's database system was designed to make detailed information about each individual action figure's characteristics easily accessible.Price information and condition are also provided for each inventory item.In this database,an individual figure is a(an)

The chart of accounts for a manufacturing corporation would include

A listing of general ledger accounts by account number is called the

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the expenditure cycle would be

The systematic assignment of numbers or letters to items to classify and organize them is known as