Chapter 2 Quiz: Overview of Transaction Processing and Enterprise Resource Planning Systems
What is the first step in the data processing cycle?
Input
Data must be collected about three facets of each business activity. These facets are
Activity of interest, the resource(s), and the people who participate
Which of the following is an example of a turnaround document
Utility bill
Which of the following is the most common source document in the expenditure cycle?
Purchase order
ERP is the abbreviation for
Enterprise resource planning
Cupcake by Emma is a dessert retailer located in Springtown, Texas. Emma is a sole proprietorship that stocks an inventory of between 30 and 50 different kinds of desserts. Inventory is updated in real time by
the company’s AIS. If Emma wishes to keep cumulative data about the company, Emma might use a
Master file
Which of the following is a benefit of implementing an ERP system at a multinational corporation?
Standardization of procedures and reports across business units
Increased productivity of employees
Customer service improves as employees can quickly access data
In an ERP system, the module used to record data about transactions in the disbursement cycle is called
Purchase to pay
Which of the following is the most effective way to segregate duties in an ERP system?
No one person should be responsible for authorization, recording, and have custody of organizational assets
Which of the following is an example of an ERP system?
Each week Emily enters all the data into a system that automatically generates purchase orders, based on predetermined inventory reorder points. Production quotas for the coming weeks are also automatically generated based on customer orders
