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Exam 2: Overview of Business Processes

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Question 31

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Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she prints and delivers payroll checks to her clients,her work is part of her firm's

A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.

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Question 32

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Concerning processing,which of the following statements is true?

A) Batch processing ensures that stored information is always current.
B) Batch input is more accurate than on-line data entry.
C) On-line batch processing is a combination of real-time and batch processing.
D) Batch processing is almost never used.

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Question 33

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The chart of accounts of a corporate retail bookstore would probably include

Pre-numbered checks,invoices and purchase orders are examples of

Inventory items are often coded with these

In an effort to measure and evaluate the productivity of word processing specialists,the office manager at Four-Q Consulting acquired a software package that counts the number of keystrokes per day by each employee.Some weeks later,the manager observed several of the employees sitting at their workstations during lunch and randomly punching keys.This is an example of:

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,the price of a figure is a(an)

Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she sends bills out to her clients,her work is part of her firm's

The set of fields that contain data about various attributes of the same entity forms a

Common source documents for the revenue cycle include all of the following except

One of the steps in the data processing cycle is data input.What is the catalyst for data input into a system?

Source documents are usually generated in the process of conducting common business activities.Name a source document connected with the revenue cycle.

Source documents are usually generated in the process of conducting common business activities.Name a source document connected with the human resources cycle.

Something about which information is stored is

Coding systems are used throughout accounting information systems.Describe some useful guidelines that will result in a better coding system.

An agreement between two entities to exchange goods or services or any other event that can be measured in economic terms by an organization is

The transaction cycles approach leads to efficient processing of large number of transactions because

In Petaluma,California,electric power is provided to consumers by the Power To The People Electrical Company,a local co-op.Each month PTTP mails bills to 70,000 households and then processes payments as they are received.What is the best way for this business to ensure that payment data entry is efficient and accurate?

Phlogiston Pharmaceuticals,Ltd.,is a manufacturer of generic drugs with a worldwide market for its products.In order to determine the amount of each drug to produce,it is essential that the following be available on a timely basis:

The Cape Fear Rocket Club heads out to the dunes of Kittyhawk,North Carolina,every August to pierce the sky with their fiery projectiles.An enterprising seller of t-shirts has devised a series of products that capture the spirit of the event in silk-screened splendor.His employees can be found on many of the major intersections hawking his wares out of the backs of station wagons and pickup trucks.What is the best way for this business to ensure that sales data entry is efficient and accurate?