CIS430 Unit 2 Self Quiz C2 Latest 2017 - $12.49   Add to cart

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CIS430 Unit 2 Self Quiz C2 Latest 2017

Question 1 Directing work-in-process through its various stages of manufacturing is part of the conversion cycle. True False Question 2 Real time systems process transactions individually at the moment the event occurs. There are no time lags between occurence and recording. True False Question 3 Management is responsible for evaluating and reporting on a company's controls. True False Question 4 Bat Batch processing of non-critical accounts improves operational efficiency. True False Question 5 Which system is not part of the expenditure cycle? Cash Disbursements Cash Receipts Payroll Cash Disbursements Fixed Assets Question 6 Which of the following is NOT an advantage of real-time processing files over batch processing? Incorrect shorter transaction processing time reduction of inventory stocks improved customer service all are advantages Question 7 Which of the following is NOT a true statement? Infrequent transactions are recorded in the general journal. An audit trai is provided to trace transactions from source documents to the financial statements. Transactions are recorded in journals and are posted to ledgers. Infrequent transactions are recorded in the general journal. Frequent transactions are recorded in special journals. Correct All of the above are true. Question 8 The principal advantage of a hashing system is access speed. True False Question 9 Real time systems processes transactions in batches. True False Question 10 In contrast to a batch processing system, in a real-time system a lag occurs between the time of the economic event and when the transaction is recorded relatively fewer hardware, programming, and training resources are required a lesser resource commitment per unit of output is required processing takes place when the economic event occurs Question 11 In contrast to a real-time system, in a batch processing system there is a lag between the time when the economic event occurs and the financial records are updated relatively more resources are required a greater resource commitment per unit of output is required processing takes place when the economic event occurs Question 12 The type of transaction most suitable for batch processing is airline reservations credit authorizations payroll processing adjustments to perpetual inventory Question 13 Sequential storage means data is stored on tape access is achieved through an index access is direct reading record 100 requires first reading records 1 to 99 Question 14 The most important advantage of an alphabetic code is that meaning is readily conveyed to users sorting is simplified the capacity to represent items is increased missing documents can be identified

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