Instructions: This quiz consists of 20 multiple choice questions and covers the material in Chapters 1 through 3 and 5. There are five questions from each chapter. The questions are in chapter order<\/p>\n
Question 1<\/p>\n
4 out of 4 points<\/p>\n
Which of the following is a primary activity in the value chain?<\/p>\n
A) infrastructure <\/p>\n
B) technology <\/p>\n
C) purchasing <\/p>\n
D) marketing and sales<\/p>\n
Question 2<\/p>\n
4 out of 4 points<\/p>\n
The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle?<\/p>\n
A) the revenue cycle<\/p>\n
B) the payroll cycle <\/p>\n
C) the production cycle <\/p>\n
D) the financing cycle \u2022 <\/p>\n
Question 3<\/p>\n
4 out of 4 points<\/p>\n
Paying federal payroll taxes is part of which transaction cycle?<\/p>\n
A) Human resources\/payroll<\/p>\n
B) Expenditure<\/p>\n
C) Financing<\/p>\n
D) Revenue<\/p>\n
Question 4<\/p>\n
4 out of 4 points<\/p>\n
The value chain concept is composed of two types of activities known as<\/p>\n
A) primary and support. <\/p>\n
B) primary and secondary. <\/p>\n
C) support and value. <\/p>\n
D) technology and support. <\/p>\n
Question 5<\/p>\n
4 out of 4 points<\/p>\n
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called<\/p>\n
A) transaction cycles. <\/p>\n
B) economic cycles. <\/p>\n
C) business events. <\/p>\n
D) transactions.<\/p>\n
Question 6<\/p>\n
4 out of 4 points<\/p>\n
Which of the following is an example of source data automation?<\/p>\n
A) a utility bill <\/p>\n
B) POS (point-of-sale) scanners in retail stores <\/p>\n
C) a bill of lading <\/p>\n
D) a subsidiary ledger <\/p>\n
Question 7<\/p>\n
4 out of 4 points<\/p>\n
A specialized journal would be most likely to be used to enter<\/p>\n
A) sales transactions.<\/p>\n
B) monthly depreciation adjustments.<\/p>\n
C) annual closing entries.<\/p>\n
D) stock issuance transactions.<\/p>\n
Question 8<\/p>\n
4 out of 4 points<\/p>\n
Hector Sanchez works in the accounting department of a multinational manufacturing company. His job includes updating accounts payable based on purchase orders and checks. His responsibilities are part of the company’s<\/p>\n
A) revenue cycle.<\/p>\n
B) expenditure cycle.<\/p>\n
C) financing cycle.<\/p>\n
D) production cycle.<\/p>\n
Question 9<\/p>\n
4 out of 4 points<\/p>\n
The issuing of a purchase order is part of which transaction cycle?<\/p>\n
A) the revenue cycle <\/p>\n
B) the production cycle <\/p>\n
C) the human resources cycle <\/p>\n
D) the expenditure cycle <\/p>\n
Question 10<\/p>\n
4 out of 4 points<\/p>\n
In transaction processing, generally which activity comes first?<\/p>\n
A) recording data in a journal <\/p>\n
B) posting items to special journals <\/p>\n
C) capturing data on source documents<\/p>\n
D) recording data in a general ledger <\/p>\n
Question 11<\/p>\n
4 out of 4 points<\/p>\n
Most processes on a DFD can be identified by<\/p>\n
A) data in-flows only. <\/p>\n
B) data out-flows only. <\/p>\n
C) data flows both into or out of a process. <\/p>\n
D) always being followed by a data store. <\/p>\n
Question 12<\/p>\n
4 out of 4 points<\/p>\n
In a payroll processing DFD, the “prepare reports” activity will be represented by ________, the “employee payroll file” will be represented by ________, and the “management” will be represented by ________.<\/p>\n
A) a circle; two horizontal lines; a square <\/p>\n
B) a circle; two horizontal lines; two horizontal lines <\/p>\n
C) a rectangle; a square; a circle <\/p>\n
D) a square; two horizontal lines; a circle <\/p>\n
Question 13<\/p>\n
4 out of 4 points<\/p>\n
A DFD created at the highest-level or summary view is referred to as a<\/p>\n
A) process diagram. <\/p>\n
B) overview diagram. <\/p>\n
C) content diagram. <\/p>\n
D) context diagram. <\/p>\n
Question 14<\/p>\n
4 out of 4 points<\/p>\n
In a document flowchart of a manual payroll processing system, “update employee file” will be shown by a(n) ________ symbol, and “prepare payroll check” will be shown by a(n) ________ symbol.<\/p>\n
A) input; output <\/p>\n
B) input; manual operation <\/p>\n
C) manual operation; output <\/p>\n
D) manual operation; manual operation <\/p>\n
Question 15<\/p>\n
4 out of 4 points<\/p>\n
In general, a data destination will be shown by<\/p>\n
A) an arrow pointing away. <\/p>\n
B) an arrow pointing in. <\/p>\n
C) arrows pointing both ways. <\/p>\n
D) no arrows, only two horizontal lines. <\/p>\n
Question 16<\/p>\n
4 out of 4 points<\/p>\n
In a ________ scheme, customer receipts are stolen and then subsequent payments by other customers are misapplied to cover the theft of the original receipts.<\/p>\n
A) kiting <\/p>\n
B) laundering <\/p>\n
C) bogus expense <\/p>\n
D) lapping <\/p>\n
Question 17<\/p>\n
4 out of 4 points<\/p>\n
Perhaps the most striking fact about natural disasters in relation to AIS controls is that <\/p>\n
A) many companies in one location can be seriously affected at one time by a disaster. <\/p>\n
B) losses are absolutely unpreventable. <\/p>\n
C) there are a large number of major disasters every year. <\/p>\n
D) disaster planning has largely been ignored in the literature. <\/p>\n
Question 18<\/p>\n
4 out of 4 points<\/p>\n
Which of the following is the best way to hide theft of assets? <\/p>\n
A) Creating \u201ccash\u201d through the transfer of money between banks <\/p>\n
B) Conversion of stolen assets into cash <\/p>\n
C) Stealing cash from customer A and then using customer B\u2019s balance to pay customer A\u2019s accounts receivable <\/p>\n
D) Charging the stolen asset to an expense account <\/p>\n
Question 19<\/p>\n
4 out of 4 points<\/p>\n
Why is computer fraud often more difficult to detect than other types of fraud? <\/p>\n
A) Rarely is cash stolen in computer fraud. <\/p>\n
B) The fraud may leave little or no evidence it ever happened. <\/p>\n
C) Computers provide more opportunities for fraud. <\/p>\n
D) Computer fraud perpetrators are just more clever than other types of criminals. <\/p>\n
Question 20<\/p>\n
4 out of 4 points<\/p>\n
Most frauds are detected by<\/p>\n
A) external auditors.<\/p>\n
B) internal auditors.<\/p>\n
C) accident.<\/p>\n
D) hotline tip.<\/p>\n","protected":false},"excerpt":{"rendered":"
Instructions: This quiz consists of 20 multiple choice questions and covers the material in Chapters 1 through 3 and 5. There are five questions from each chapter. The questions are in chapter order Question 1 4 out of 4 points Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-52813","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/52813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=52813"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/52813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=52813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=52813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=52813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}