ACCT 4240A CHAPTER 6 PURCHASES AND PAYMENTS BUSINESS PROCESS EXAM QUESTIONS AND ANSWERS. VERIFIED 2025/2026.

ACCT 4240A CHAPTER 6 PURCHASES
AND PAYMENTS BUSINESS PROCESS
EXAM QUESTIONS AND ANSWERS.
VERIFIED 2025/2026.




Business activities related to buying inventory from suppliers and making payments to suppliers
is called the purchases and ____ process. - ANS payments



The accounting transaction that records the purchase of inventory involves a debit to inventory
and a credit to accounts ____. - ANS payable



List the basic activities in a BPMN activity diagram in sequence.

-Receive Items

-Send Payment

-Request Prices

-Place Orders - ANS 1. Request Prices

2. Place Orders

3. Receive Items

4. Send Payment




1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.

, True or false: The purpose of swimlanes in a BPMN activity diagram of the purchase and
payments process is to show different organizational responsibilities. - ANS True.

Reason: Swimlanes show responsibility



Which of the following would be present in a BPMN collaboration model of the purchases and
payments process?

-Start events

-Sequence flows

-Two pools

-Message flows - ANS -Two pools

-Message flows



Which of the following is not a basic element of the purchases and payments process?

-Receiving inventory

-Paying employees

-Paying suppliers

-Ordering inventory - ANS Paying employees



In a BPMN activity diagram of the purchase and payments process, which of the following best
indicates why Place Order is modeled as a subprocess, but Receive Items, Assess Items, etc., are
modeled as activities?

-Place Order is more complex

-Receive Items is more complex

-Place Order occurs first

-Place Order is performed by the buying function - ANS Place Order is more complex




2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.