True-Or-False - Chapter10 To Chapter20

Home Chapter 10 Study Guide True or False
True or False
This activity contains 5 questions.
Billing errors include pricing mistakes and sending the wrong merchandise to the customer.
True
False
A back order is created when inventory doesn't exist to fill a customer order.
True
False
A sales order triggers the shipping process.
True
False
A write-off to a customer account is different than a credit memo.
True
False
A credit memo is generated by the receiving department after a customer has returned merchandise.
True
False
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True or False
The primary objective of the expenditure cycle is to minimize the total cost of acquiring inventories and
supplies.
True
False
A key decision with respect to the expenditure cycle does not include the optimal level of inventory.
True
False
The EOQ model does not consider carrying costs.
True
False
Obsolescence is a disadvantage associated with JIT inventory systems.
True
False
Kickbacks are a threat associated with the ordering of goods.
True
False
True or False
Product Planning is the first step in production cycle.
True
False
Process costing would be applied to mass produced items because it would not be cost effective to trace
product costs to each individual item produced.
True
False
Segregation of functions will generally not be an effective internal control for inventories
True
False
Activity Based Costing is an appropriate mechanism for allocating overhead for all entities.
True
False
Because equipment is generally a large, easily identifiable asset, no recording and tracking internal
controls are necessary.
True
False
True or False
AIS has traditionally been involved with measuring the status of human resources.
True
False
Employee morale has no financial impact.
True
False
Edit checks apply to the payroll process.
True
False
An earnings statement is usually accompanied by a deduction register.
True
False
Flexible benefits plans are also referred to as cafeteria plans.
True
False
True or False
Accruals reflect events that have occurred but no cash has been received or disbursed.
True
False
A trial balance is where journal entries are posted.
True
False
Flexible budgets do not take into consideration unforeseen changes in the operating environment.
True
False
An audit trail tracks a transaction from the source document through the general ledger.
True
False
Data mining is the process of accessing data stored in a data warehouse.
True
False
True or False
Conceptual design is the first stage of database design.
True
False
Data modeling is a means of defining a database so it faithfully represents all aspects of the organization.
True
False
The first step in developing a REA diagram is developing the cardinalities of each relationship.
True
False
The REA data model describes how resources and agents relate to each other.
True
False
Cardinalities describe the nature of the relationship between two entities by indicating how many instances
of one entity can be linked to each specific instance of another entity.
True
False
True or False
One of the steps needed to implement an REA diagram in a relational database is to assign attributes to
the appropriate tables.
True
False
In a relational database, 1:1 relationships can be implemented in relational databases with foreign keys.
This can be done by establishing that the primary key of the entity be linked to multiple instances of the
other entity, which must be the foreign key in that other entity.
True
False
Completed REA diagrams can facilitate the retrieval of information to evaluate performance.
True
False
REA diagrams for individual cycles provide complete information about the resources controlled by an
organization.
True
False
An integrated REA diagram must satisfy the rule that every event must be linked to at least one resource.
True
False
True or False
REA models depict resources, events and agents that are involved in financial transactions, but do not
depict non-financial events such as calling on a customer.
True
False
The REA model focuses primarily on the revenue and expenditure cycles and does not extend well to
additional activities and special situations.
True
False
Not every organization needs a Track Time Used entity.
True
False
Performance can be evaluated by comparing the data in event entities such as Raw Materials or Machine
Operations with the standards stores in the corresponding information entities.
True
False
The REA feature known as Locations is used to store information about where resources are stored and
where certain events take place.
True
False
True or False
In the conceptual design phase the company translates the broad, user-oriented requirements into detailed
specifications.
True
False
Systems development planning is an important step because it enables the system's goals and objectives
to correspond to the organization's overall strategic plan.
True
False
The critical path is the path which requires the least amount of time under PERT analysis.
True
False
The payback method utilizes the time value of money of money concept.
True
False
The internal rate of return method determines which project has a positive net present value.
True
False
True or False
A benefit of end-user computing is that it frees up systems resources.
True
False
Prototyping is the analysis and redesign of business processes and information systems to achieve
significant performance improvements.
True
False
The first step in developing a prototype is to develop an initial prototype that meets the agreed-on
requirements.
True
False
CASE tools are used to maintain an information system.
True
False
A consequence of the application of CASE tools is reduced program quality.
True
False
True or False
Preparing design specifications is a part of conceptual systems design.
True
False
Demand reports have a pre-specified content and format but are prepared only in response to abnormal
conditions.
True
False
Structured programming involves the division of programs into small, well-defined modules to reduce
complexity.
True
False
User documentation includes operating schedules, files and databases accessed.
True
False
Walkthroughs determine if a program operates as designed.
True
False

True-Or-False - Chapter10 To Chapter20

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Home Chapter 10 Study Guide True or False

This activity contains 5 questions.

A sales order triggers the shipping process.

A write-off to a customer account is different than a credit memo.

This activity contains 5 questions.

The EOQ model does not consider carrying costs.

Obsolescence is a disadvantage associated with JIT inventory systems.

Kickbacks are a threat associated with the ordering of goods.

This activity contains 5 questions.

Product Planning is the first step in production cycle.

This activity contains 5 questions.

Employee morale has no financial impact.

Edit checks apply to the payroll process.

An earnings statement is usually accompanied by a deduction register.

Flexible benefits plans are also referred to as cafeteria plans.

This activity contains 5 questions.

A trial balance is where journal entries are posted.

Data mining is the process of accessing data stored in a data warehouse.

This activity contains 5 questions.

Conceptual design is the first stage of database design.

This activity contains 5 questions.

This activity contains 5 questions.

Not every organization needs a Track Time Used entity.

This activity contains 5 questions.

This activity contains 5 questions.

A benefit of end-user computing is that it frees up systems resources.

CASE tools are used to maintain an information system.

A consequence of the application of CASE tools is reduced program quality.

This activity contains 5 questions.

Preparing design specifications is a part of conceptual systems design.

User documentation includes operating schedules, files and databases accessed.

Walkthroughs determine if a program operates as designed.

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