ADMS 2511 Chapter Notes - Chapter 8: In Essence, Material Requirements Planning, Cash Flow

Question 1

Identify the item below that is not one of the four different types of data processing activities.

Question 2

All of the following are advantages of an ERP system except

Question 3

Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records. The audit has been unable to reproduce financial reports that were prepared by Sam. While there is no evidence of wrongdoing, the auditors are concerned that the discrepancies might contribute to poor decisions. Which of the following characteristics of useful information is absent in the situation described above?

Question 4

An ERP system might facilitate the purchase of direct materials by all of the following except

Question 5

Antia Carmie is the largest collector and retailer of Japanese fans in the St. Louis area. Antia uses computer technology to provide superior customer service. The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers. Accordingly, the fan price and condition are provided for each fan, along with many pictures of each fan. In Antia's database, the price of the Japanese fans is a(n)

Question 6

Which of the following is not considered a source document?

Question 7

In an ERP system, the module used to record data about transactions in the disbursement cycle is called

Question 8

Baggins Incorporated identifies new product development and product improvement as the top corporate goals. An employee developed an innovation that will correct a shortcoming in one of the company's products. Although Baggins current Return on Investment (ROI) is 12%, the product innovation is expected to generate ROI of only 10%. As a result, awarding bonuses to employees based on ROI resulted in

Question 9

________ are examples of activities that constitute inbound logistics.

Question 10

In which transaction cycle would information for inventory purchases be most likely to pass between internal and external accounting information systems?

Question 11

The collection of customer payment is part of which transaction cycle?

Question 12

Which of the following is an example of source data automation?

Question 13

All of the following are guidelines for developing a good coding system except

Question 14

What is a key decision that needs to be made with regards to borrowing money from lenders?

Question 15

Identify the false statement below.

Question 16

The chart of accounts of a fast-food restaurant would probably include

Question 17

Which statement below regarding the AIS is false?

Question 18

In Petaluma, California, electric power is provided to consumers by Pacific Power. Each month Pacific Power mails bills to 186,000 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?

Question 19

Data must be converted into information to be considered useful and meaningful for decision making. There are seven characteristics that make information both useful and meaningful. If the same information can be reproduced by two independent and knowledgeable people, it is representative of the characteristic of

Question 20

Antia Carmie is the largest collector and retailer of Japanese fans in the St. Louis area. Antia uses computer technology to provide superior customer service. The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers. Accordingly, the fan price and condition are provided for each fan, along with many pictures of each fan. In Antia's database, the data about each Japanese fan represents a(n)