Question details

CIS430 Unit 2 Self Quiz C2 Latest 2017
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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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