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ACC214 > 1ST EXAM REVIEWER > Flashcards

1ST EXAM REVIEWER Flashcards

1
Q

All of the information (name, GPA, major, etc.) about a particular student is stored in the same __

a. File
b. Record
c. Attribute
d. Field

A

b. Record

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2
Q

Which of the following documents is most likely to be used in the expenditure cycle?

a. sales order
b. credit memo
c. receiving report
d. job time ticket

A

c. receiving report

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3
Q

Letters and numbers, derived from the item description, are interspersed to identify items; usually easy to memorize

a. Block code
b. Mnemonic code
c. Group code
d. Transaction code

A

b. Mnemonic code

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4
Q

Fields containing data about entity attributes; like a row in a spreadsheet

a. File
b. Field
c. File
d. Record

A

d. Record

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5
Q

It contains summary-level data for every asset, liability, equity, revenue, and expense account-

a. General journal
b. Subsidiary ledger
c. General ledger
d. Subsidiary journal

A

c. General ledger

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6
Q

List of general ledger account numbers; allows transaction data to be coded, classified, and entered into proper accounts; facilitates preparation of financial statements and reports

a. Account title
b. Account value
c. Chart of accounts
d. T account

A

c. Chart of accounts

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7
Q

Portion of a data record that contains the data value for a particular attribute, like a cell in a spreadsheet

a. Record
b. File
c. Field
d. Attribute

A

c. Field

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8
Q

Updating each transaction as it occurs.

a. Batch processing
b. Data processing
c. Online real time processing
d. Batch real time processing

A

c. Online real time processing

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9
Q

Data differ from information in which way?

a. Data are output, and information is input.

b. Information is output, and data are input.

c. Data are meaningful bits of information.

d. There is no difference.

A

b. Information is output, and data are input.

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10
Q

Which of the following is NOT a characteristic that makes information useful?

a. It is reliable.
b. It is inexpensive.
c. It is timely
d. It is relevant.

A

b. It is inexpensive

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11
Q

Records of company data sent to an external party and then returned to the system as input are called __

a. Turnaround documents
b. Source documents
c. Source data automation documents
d. External input documents

A

a. Turnaround documents

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12
Q

This is a group of related records

a. File
b. Attribute
c. Field
d. Syntax

A

a. File

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13
Q

A listing of all the numbers assigned to balance sheet and income statement accounts.

a. General ledger
b. Specialized journal
c. Chart of accounts
d. Book of records

A

c. Chart of accounts

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14
Q

Which of the following is not one of the data processing activities?

a. Creating
b. Reading
c. Overriding
d. Deleting

A

c. Overriding

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15
Q

Contains records of individual business transactions that occur during a specific time period-

a. Master file
b. Transaction file
c. Transaction folder
d. Individual file

A

b. Transaction file

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16
Q

Recording and Processing information about a transaction at the time it takes place is referred to which of the following?

a. Batch processing
b. Captured transaction processing
c. Online, real-time processing
d. Chart of accounts processing

A

c. Online, real-time processing

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17
Q

Which of the following would contain the total value of all the fixed assets owned by an entity?

a. Delivery receipt
b. General Journal
c. General Ledger
d. Forecast Report

A

c. General Ledger

18
Q

Costing, billing, time and expense, performance units, activity management is part of what module in ERP?

a. Revenue Cycle
b. Customer Relation Management
c. Disbursement Cycle
d. Project Management

A

d. Project Management

19
Q

ERP is very costly

a. Advantage
b. Disadvantage
c. None of these

A

b. Disadvantage

20
Q

Procedures and reports are standardized across business units

a. Advantage
b. Disadvantage
c. None of these

A

a. Advantage

21
Q

Sales order entry, shipping, inventory, cash receipts and commission calculation is part of what module?

a. Disbursement cycle
b. Production Cycle
c. Revenue Cycle
d. System Tools

A

c. Revenue Cycle

22
Q

Sales and marketing, commissions, service, customer contact, and call center support is part of what module?

a. Disbursement Cycle
b. Revenue Cycle
c. Customer relationship management
d. Production Cycle

A

c. Customer relationship management

23
Q

Manufacturing plants receive new orders in real time, and the automation of manufacturing processes leads to increased productivity.

a. Advantage
b. Disadvantage
c. None of these

A

a. Advantage

24
Q

Which is not a disadvantage of ERP System

a. Resistance
b. Complexity
c. Cost
d. Standardized

A

d. Standardized

25
Q

Which is not a module in ERP system?

a. Financial
b. Query
c. Human resource
d. General ledger

A

b. Query

26
Q

Which transaction cycle includes interactions between an organization and its suppliers?

a. Revenue cycle
b. Human resources/payroll cycle
c. Expenditure cycle
d. General ledger and reporting system

A

c. Expenditure cycle

27
Q

In which cycle does a company ship goods to customers?

a. Production cycle
b. Revenue cycle
c. Financing cycle
d. Expenditure cycle

A

b. Revenue cycle

28
Q

Which of the following is NOT an advantage of an ERP system?

a. Better access control
b. Improved monitoring capabilities
c. Standardization of procedures and reports
d. Simplicity and reduced costs

A

d. Simplicity and reduced costs

29
Q

Statement 1: Top management’s involvement in the implementation of ERP is no longer needed since ERP affects only those from middle management and below.
Statement 2. By using ERP, the organization is given a better access control, standardization of procedures and reports, and improved monitoring capabilities of those in management.

a. Both statements are false
b. Statement 1 is false
c. Both statements are true.
d. Statement 2 is false.

A

b. Statement 1 is false

30
Q

Statement 1. Quickbooks and Xero are common examples of ERP software. Statement 2. Quickbooks and Xero are common examples of bookkeeping software.

a. Both statements are false.
b. Statement 1 is false
c. Both statements are true.
d. Statement 2 is false

A

b. Statement 1 is false

31
Q

Which of the following starts off with Save, Undo, and Redo and can be customized to contain the commands you use most Frequently?

a. A worksheet
b. The Quick Access Toolbar
c. The Help window
d. The ribbon

A

b. The Quick Access Toolbar

32
Q

How many worksheets does a new Excel 2016 workbook open with?

a. One
b. Two
c. Three
d. Four

A

a. One

33
Q

The Quick Access Toolbar appears on the right side of the title bar, above the
ribbon.

a. True
b. False

A

b. False

34
Q

The columns in a worksheet are identified by numbers.

a. True
b. False

A

b. False

35
Q

Which feature enables you to preview headers and footers, page breaks, and other features that will print?

a. Page Layout
b. Synchronous Scrolling
c. Print Layout
d. ScreenTips

A

c. Print Layout

36
Q

Which of the following consists of details that describe or identify a file, including the author?

a. Paste
b. Document properties
c. Copy
d. Range

A

b. Document properties

37
Q

Which command is used to insert a cut or copied selection to a cell or range of cells?

a. Paste
b. Document properties
c. Copy
d. Range

A

a. Paste

38
Q

The formula bar is found at the bottom of the Excel window.

a. true
b. false

A

b. false

39
Q

If you want to use a workbook in another kind of document, you have the option to save using which of the following?

a. File format
b. Worksheet
c. File sheet
d. File range

A

a. File format

40
Q

Which is a small green square in the lower-right corner of a selected cell or range that you can use to copy one cell to adjacent cells or to create a series?

a. Cell pointer
b. Column marker
c. Fill handle
d. Formula bar

A

c. Fill handle

ACC214 (6 decks)

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