Answers
What is the final step in the data processing cycle? - CORRECT ANSWER✔✔output
Pre-numbered shipping documents and pre-numbered invoices are examples of - CORRECT
ANSWER✔✔sequence codes.
Data must be collected about three facets of each business activity. What are they? - CORRECT
ANSWER✔✔the business activity, the resources it affects, the people who participate
Street Smarts is a retailer located in Naperville, Illinois. During the peak tourist season, it has
average daily cash and credit card sales in excess of $10,000. What is the best way for Street
Smarts to ensure that sales data entry is efficient and accurate? - CORRECT ANSWER✔✔source
data automation
When printed on paper, data output is referred to as - CORRECT ANSWER✔✔hard copy.
Which of the following is not usually a consideration when designing a coding system? -
CORRECT ANSWER✔✔government coding regulations
All of the following are disadvantages of an ERP system except - CORRECT ANSWER✔✔an ERP
provides an integrated view of the organization's data.
All of the following are disadvantages of an ERP system: - CORRECT ANSWER✔✔- ERP software
and hardware can cost midsized companies between $10 million and $20 million dollars.
- ERPs frequently cause organizations to change their business processes to standardized ones.
, - ERPs are relatively complex.
The efficiency of recording numerous business transactions can be best improved by the use of -
CORRECT ANSWER✔✔specialized journals.
In an ERP system, the module used to record data about transactions in the revenue cycle is
called - CORRECT ANSWER✔✔order to cash.
A specialized journal would be most likely to be used to enter - CORRECT ANSWER✔✔sales
transactions.
The general ledger account that corresponds to a subsidiary ledger account is known as a(n) -
CORRECT ANSWER✔✔control account.
Which of the following is not usually a consideration when designing a coding system? -
CORRECT ANSWER✔✔government coding regulations
Which of the following is an example of source data automation? - CORRECT ANSWER✔✔POS
(point-of-sale) scanners in retail stores
In an ERP system, the module used to record data about transactions in the revenue cycle is
called - CORRECT ANSWER✔✔order to cash.
The collection of employee time sheets is part of which transaction cycle? - CORRECT
ANSWER✔✔the human resources cycle
The chart of accounts of a fast-food restaurant would probably include - CORRECT
ANSWER✔✔a list of financial statement accounts.