Multiple Choice Questions (16 Questions, 8 Marks) Choose the one alternative that best completes the statement or answers the question 1.A specialized journal would be most likely to be used to enter: A) monthly depreciation B) stock issuance C) sales transactions. D) annual closing adjustments. transactions. entries. 2.From the advantages of ERP is the complexity of the system. A) True B) False 3.In an ERP system, the module used to record data about transactions in the production cycle is called: A) order to cash. B) manufacturing. C) purchase to pay. D) logistics. 4.The final step in the data processing cycle is the storage. A) True B) False 5.On-line batch processing is a combination of real-time and batch processing. A) True B) False 6.What is the first step in the data processing cycle? A) purchasing B) input C) output D) storage 7.Data about the attributes of a customer are stored in ………. A) files B) records C) fields D) database 8.The total of the subsidiary ledgers must equal the control account. A) True B) False 9.The coding technique most likely used for sales orders or checks is: A) block code. B) group code. C) sequence code. D) data code. 10. All data attributes about a single customer represent a/an: A) entity B) database C) record D) file 11. In manual systems, monthly or quarterly depreciation transactions are recorded in the specialized journal. A) True B) False 12. A subsidiary ledger records all detailed data for any general ledger account that has individual sub-accounts. A) True B) False 13. A typical source document could be A) a computer data entry B) some type of C) the company's D) A and B are screen. paper document. financial statements. correct choices. 14. All of the following are reasons that implementing a new ERP may fail EXCEPT: A) ERPs can take B) Employees may C) Employees D) ERPs may require years to fully refuse to share sensitive may resist using procedures and reports implement. information with the ERP system. to be standardized different departments. across business units. 15. An ERP provides ………. enterprise wide- view covering most of the organization data and activities. A) Different B) multiple C) integrated D) unique 16. Which of the following documents would be found in the expenditure cycle? A) sales invoice B) employee timecard C) purchase order D) receiving report
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