1 | Page
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WGU D217 EXAM QUESTIONS WITH
CORRECT ANSWERS
Which of the following is a problem usually associated with the
| | | | | | | | | |
flat-file approach to data management? - correct answer- data
| | | | | | | | |
redundancy
|
Which problem is characteristically associated with the flat-file
| | | | | | |
approach to data management? - correct answer- the inability
| | | | | | | | |
to determine what data is available
| | | | | |
A description of the physical arrangement of records in the
| | | | | | | | |
database is - correct answer- the internal view.
| | | | | | | |
Which of the following may provide many distinct views of the
| | | | | | | | | |
database? - correct answer- the user view
| | | | | | |
The update anomaly in unnormalized tables - correct answer-
| | | | | | | |
occurs because of data redundancy.
| | | | |
,2 | Page
| | | | | |
The deletion anomaly in unnormalized tables - correct answer-
| | | | | | | |
may result in the loss of important data.
| | | | | | | |
Which document triggers the revenue cycle? - correct answer- the
| | | | | | | | |
customer purchase order
| | |
Which department is least likely to be involved in the revenue
| | | | | | | | | |
cycle? - correct answer- The accounts payable department is
| | | | | | | | |
least likely to be involved in the revenue cycle. Accounts payable
| | | | | | | | | | |
is charged with managing the segment of the expenditure cycle
| | | | | | | | | |
that involves payments to vendors and creditors.
| | | | | | |
The purpose of the sales invoice is to - correct answer- The
| | | | | | | | | | |
purpose of the sales invoice is to bill the customer. The sales
| | | | | | | | | | | |
invoice will be sent to the customer for payment. At the same time
| | | | | | | | | | | | |
the invoice will also update inventory, send a journal to the general
| | | | | | | | | | | |
ledger, and record the sales journal.
| | | | | |
Which type of control is considered a compensating control for
| | | | | | | | |
customer payments? - correct answer- Supervision is a
| | | | | | | |
compensating control for customer payments. Compensating
| | | | | |
controls are put in place when more effective controls are
| | | | | | | | | |
deemed too difficult or costly to implement. Supervision is the
| | | | | | | | | |
simplest and most common form of compensating control.
| | | | | | | |
,3 | Page
| | | | | |
Commercial accounting systems have fully integrated modules. | | | | | |
The word "integrated" means that - correct answer- The word
| | | | | | | | | |
"integrated" means that the transfer of information among
| | | | | | | |
modules occurs automatically. In a fully integrated system, the
| | | | | | | | |
shipping advice will generate the request for invoice
| | | | | | | |
automatically. This eliminates the risk that the invoice request is
| | | | | | | | | |
not processed or is processed for a different amount.
| | | | | | | | |
A copy of the purchase order (PO) is sent to the - correct
| | | | | | | | | | | |
answer- A copy of the purchase order (PO) is sent to the
| | | | | | | | | | | |
vendor. The purchase order is the formal document that tells
| | | | | | | | | |
the vendor what material is needed, at what price, in what
| | | | | | | | | | |
quantity and on what date.
| | | | |
The departments involved in the purchasing process are
| | | | | | |
purchasing, receiving, inventory control and - correct answer-
| | | | | | | |
The departments involved in the purchasing process are
| | | | | | | |
purchasing, receiving, inventory control and accounts payable.
| | | | | | |
Accounts payable completes the purchasing process by
| | | | | | |
authorizing and executing the cash disbursement based on a
| | | | | | | | |
signal from receiving or inventory control.
| | | | | |
When a cash disbursement in payment of an accounts payable is
| | | | | | | | | |
recorded - correct answer- When a cash disbursement in
| | | | | | | | |
payment of an accounts payable is recorded the liability
| | | | | | | | |
, 4 | Page
| | | | | |
account is decreased. On the Balance Sheet, accounts payable is | | | | | | | | |
a current liability. When a cash disbursement is recorded, the
| | | | | | | | | |
liability will be reduced.
| | | |
The greatest risk of misappropriation of funds occurs in - correct
| | | | | | | | | |
answer- The greatest risk of misappropriation of funds occurs in
| | | | | | | | | |
accounts payable. This may take the form of payments for goods
| | | | | | | | | | |
not ordered or received and to vendors
| | | | | | |
that do not exist. The risk can be reduced through supervision,
| | | | | | | | | |
segregation of duties, independent verification, or automated
| | | | | | |
processes.
|
In a firm with proper segregation of duties, adequate supervision
| | | | | | | | |
as a compensating control is still necessary in - correct answer- In
| | | | | | | | | | | |
a firm with proper segregation of duties, adequate supervision is
| | | | | | | | | |
most critical in receiving. Every day
| | | | | |
materials arrive on the receiving dock. Until those receipts are | | | | | | | | |
recorded in the system, they are invisible to anyone but the
| | | | | | | | | | |
receivers and their supervisors. Supervision is a compensating
| | | | | | | |
control appropriate before more automated controls take effect.
| | | | | | | |
Scanning technology and automated three-way match are
| | | | | | |
technological controls that reduce risk.
| | | | |
The fixed asset system records the - correct answer- The fixed
| | | | | | | | | |
asset system records the purchase of a new plant. The fixed
| | | | | | | | | | |
asset system records property, plant, and equipment used in
| | | | | | | | |
the operation of the business. These represent the largest
| | | | | | | |
investments of the firm.
| | | |
| | | | | |
WGU D217 EXAM QUESTIONS WITH
CORRECT ANSWERS
Which of the following is a problem usually associated with the
| | | | | | | | | |
flat-file approach to data management? - correct answer- data
| | | | | | | | |
redundancy
|
Which problem is characteristically associated with the flat-file
| | | | | | |
approach to data management? - correct answer- the inability
| | | | | | | | |
to determine what data is available
| | | | | |
A description of the physical arrangement of records in the
| | | | | | | | |
database is - correct answer- the internal view.
| | | | | | | |
Which of the following may provide many distinct views of the
| | | | | | | | | |
database? - correct answer- the user view
| | | | | | |
The update anomaly in unnormalized tables - correct answer-
| | | | | | | |
occurs because of data redundancy.
| | | | |
,2 | Page
| | | | | |
The deletion anomaly in unnormalized tables - correct answer-
| | | | | | | |
may result in the loss of important data.
| | | | | | | |
Which document triggers the revenue cycle? - correct answer- the
| | | | | | | | |
customer purchase order
| | |
Which department is least likely to be involved in the revenue
| | | | | | | | | |
cycle? - correct answer- The accounts payable department is
| | | | | | | | |
least likely to be involved in the revenue cycle. Accounts payable
| | | | | | | | | | |
is charged with managing the segment of the expenditure cycle
| | | | | | | | | |
that involves payments to vendors and creditors.
| | | | | | |
The purpose of the sales invoice is to - correct answer- The
| | | | | | | | | | |
purpose of the sales invoice is to bill the customer. The sales
| | | | | | | | | | | |
invoice will be sent to the customer for payment. At the same time
| | | | | | | | | | | | |
the invoice will also update inventory, send a journal to the general
| | | | | | | | | | | |
ledger, and record the sales journal.
| | | | | |
Which type of control is considered a compensating control for
| | | | | | | | |
customer payments? - correct answer- Supervision is a
| | | | | | | |
compensating control for customer payments. Compensating
| | | | | |
controls are put in place when more effective controls are
| | | | | | | | | |
deemed too difficult or costly to implement. Supervision is the
| | | | | | | | | |
simplest and most common form of compensating control.
| | | | | | | |
,3 | Page
| | | | | |
Commercial accounting systems have fully integrated modules. | | | | | |
The word "integrated" means that - correct answer- The word
| | | | | | | | | |
"integrated" means that the transfer of information among
| | | | | | | |
modules occurs automatically. In a fully integrated system, the
| | | | | | | | |
shipping advice will generate the request for invoice
| | | | | | | |
automatically. This eliminates the risk that the invoice request is
| | | | | | | | | |
not processed or is processed for a different amount.
| | | | | | | | |
A copy of the purchase order (PO) is sent to the - correct
| | | | | | | | | | | |
answer- A copy of the purchase order (PO) is sent to the
| | | | | | | | | | | |
vendor. The purchase order is the formal document that tells
| | | | | | | | | |
the vendor what material is needed, at what price, in what
| | | | | | | | | | |
quantity and on what date.
| | | | |
The departments involved in the purchasing process are
| | | | | | |
purchasing, receiving, inventory control and - correct answer-
| | | | | | | |
The departments involved in the purchasing process are
| | | | | | | |
purchasing, receiving, inventory control and accounts payable.
| | | | | | |
Accounts payable completes the purchasing process by
| | | | | | |
authorizing and executing the cash disbursement based on a
| | | | | | | | |
signal from receiving or inventory control.
| | | | | |
When a cash disbursement in payment of an accounts payable is
| | | | | | | | | |
recorded - correct answer- When a cash disbursement in
| | | | | | | | |
payment of an accounts payable is recorded the liability
| | | | | | | | |
, 4 | Page
| | | | | |
account is decreased. On the Balance Sheet, accounts payable is | | | | | | | | |
a current liability. When a cash disbursement is recorded, the
| | | | | | | | | |
liability will be reduced.
| | | |
The greatest risk of misappropriation of funds occurs in - correct
| | | | | | | | | |
answer- The greatest risk of misappropriation of funds occurs in
| | | | | | | | | |
accounts payable. This may take the form of payments for goods
| | | | | | | | | | |
not ordered or received and to vendors
| | | | | | |
that do not exist. The risk can be reduced through supervision,
| | | | | | | | | |
segregation of duties, independent verification, or automated
| | | | | | |
processes.
|
In a firm with proper segregation of duties, adequate supervision
| | | | | | | | |
as a compensating control is still necessary in - correct answer- In
| | | | | | | | | | | |
a firm with proper segregation of duties, adequate supervision is
| | | | | | | | | |
most critical in receiving. Every day
| | | | | |
materials arrive on the receiving dock. Until those receipts are | | | | | | | | |
recorded in the system, they are invisible to anyone but the
| | | | | | | | | | |
receivers and their supervisors. Supervision is a compensating
| | | | | | | |
control appropriate before more automated controls take effect.
| | | | | | | |
Scanning technology and automated three-way match are
| | | | | | |
technological controls that reduce risk.
| | | | |
The fixed asset system records the - correct answer- The fixed
| | | | | | | | | |
asset system records the purchase of a new plant. The fixed
| | | | | | | | | | |
asset system records property, plant, and equipment used in
| | | | | | | | |
the operation of the business. These represent the largest
| | | | | | | |
investments of the firm.
| | | |
