[TEST BANK] ACCOUNTING INFORMATION SYSTEMS, 15THEDITION BY ROMNEY, STEINBART, SUMMERS, WOOD Chapter 1 Overview of Transaction Processing and Enterprise Resource Planning Systems 2.1 Describe the four parts of the data processing cycle and the major acti

[TEST BANK] ACCOUNTING INFORMATION SYSTEMS, 15THEDITION BY ROMNEY, STEINBART, SUMMERS, WOOD Chapter 1 Overview of Transaction Processing and Enterprise Resource Planning Systems 2.1 Describe the four parts of the data processing cycle and the major activities in each. 1) Which of the following commonly initiates the data input process? A) a business activity B) automatic batch processing C) an accounting department source document D) a trial balance query Answer: A 2) A typical source document could be A) some type of paper document. B) a computer data entry screen. C) the company's financial statements. D) both A and B Answer: D 3) Which step below is not considered to be part of the data processing cycle? A) data input B) feedback from external sources C) data storage D) data processing Answer: B 4) John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company's A) revenue cycle. B) expenditure cycle. C) financing cycle. D) production cycle. Answer: A