Chapter 2 Overview Of Transaction Processing And Resource Planning

Question 0

What are the data input steps?

Answer 0

1. capture transaction data triggered by business activity
2. Make sure captured data are accurate and complete
3. Ensure company policies are followed

Question 1

What are the four data process cycle parts

Answer 1

Data input
Data processing
Data storage
Information output

Question 2

What is captured in data capture?

Answer 2

Activity of interest- sale
Resource affected- inventory cash
People who participated- customer and employee

Question 3

How is data stored?

Answer 3

Transaction journals -sales
Subsidiary ledger- accounts receivable
General ledger

Question 4

What are the four kinds of data processing?

Answer 4

Creating new records
Reading existing data
Updating previous record or data
Deleting database

Question 5

What is info output

Answer 5

How stored data can be viewed
Online
Printed out

Question 6

What are some advantages of enterprise resource plans?

Answer 6

Better flow of info
Data only needs to be captured once
Security settings
Standardization

Question 7

What are some disadvantages of erp?

Answer 7

Costly
Time
Complex
Hard to learn