Question 1

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?

Accepted Answer

A)  well-designed paper forms
B)  source data automation
C)  turnaround documents
D)  sequentially numbered sales invoicesE) A) and D)
F) All of the above

Question 2

In transaction processing,generally which activity comes first?

Accepted Answer

A)  recording data in a journal
B)  posting items to special journals
C)  capturing data on source documents
D)  recording data in a general ledgerE) A) and B)
F) A) and C)

Question 3

All of the following are advantages of an ERP system except

Accepted Answer

A)  in an ERP,data input is captured or keyed once.
B)  ERPs permit management to gain greater visibility into every area of the enterprise.
C)  it takes considerable experience and training to use an ERP system effectively.
D)  ERPs permit manufacturing plants to receive new orders in real time.E) A) and B)
F) A) and C)

Question 4

The type of journal that records large numbers of repetitive transactions such as sales,cash receipts,and cash disbursements is

Accepted Answer

A)  a general journal.
B)  a subsidiary journal.
C)  a specialized journal.
D)  a detailed transaction journal.E) B) and D)
F) B) and C)

Question 5

Pre-numbering of shipping documents helps to verify that

Accepted Answer

A)  documents have been used in order.
B)  company policies were followed.
C)  all transactions have been recorded.
D)  source data automation was used to capture data.E) A) and D)
F) None of the above

Question 6

Product items are often coded with (select all that apply)

Accepted Answer

A)  sequence codes.
B)  block codes.
C)  group codes.
D)  mnemonic codes.E) B) and C)
F) All of the above

Question 7

A properly configured enterprise resource planning (ERP)system uses a decentralized database to share information across business processes and coordinate activities.

Accepted Answer

A) True 
 B)False

Exam 2: Overview of Transaction Processing and Enterprise Resource Planning Systems

Product items are often coded with (select all that apply)

Correct Answer
verified

The type of journal that records large numbers of repetitive transactions such as sales,cash receipts,and cash disbursements is

Correct Answer
verified

In transaction processing,generally which activity comes first?

Correct Answer
verified

All of the following are advantages of an ERP system except

Correct Answer
verified

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
verified

A properly configured enterprise resource planning (ERP)system uses a decentralized database to share information across business processes and coordinate activities.

Correct Answer
verified

Pre-numbering of shipping documents helps to verify that

Correct Answer
verified

Exam 2: Overview of Transaction Processing and Enterprise Resource Planning Systems

Product items are often coded with (select all that apply)

Correct AnswerverifiedShow Answer

The type of journal that records large numbers of repetitive transactions such as sales,cash receipts,and cash disbursements is

Correct AnswerverifiedShow Answer

In transaction processing,generally which activity comes first?

Correct AnswerverifiedShow Answer

All of the following are advantages of an ERP system except

Correct AnswerverifiedShow Answer

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 AnswerverifiedShow Answer

A properly configured enterprise resource planning (ERP)system uses a decentralized database to share information across business processes and coordinate activities.

Correct AnswerverifiedShow Answer

Pre-numbering of shipping documents helps to verify that

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified