Class notes
Exam notes for INFS2005 Chapter 5
- Course
- Institution
- Book
INFS2005 Exam Notes with Practice Questions and answer
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
AUI3702 Assignment 2 Semester 1 - DUE 8 April 2024
-
AUI3702 Assignment 2 (COMPLETE ANSWER) Semester 1 2024 - DUE 8 April 2024
-
ACCOUNTING INFORMATION SYSTEMS THE PROCESSES AND CONTROL 2ND EDITION BY LESLIE TURNER – TEST BANK
Seller
Follow
ingrid9061
Content preview
Chapter 6: Technology conceptsMultiple-choice questions
1. What does MRP stands for?
a. Manufacturing Resources Planning.
b. Money Resources Planning.
c. Material Return Program.
*d. Material Requirements Planning.
Correct answer: d
Learning Objective 6.1 - recommend why organisations are motivated to implement or
upgrade enterprise resource planning (ERP) systems.
2. Please indicate what is a hybrid accounting information system?
*a. A system which includes accounting functions as well as modules for sales
and human resources.
b. A dynamic system that exhibits both continuous and discrete dynamic
behaviour.
c. A cost accounting system that includes features of both a job costing and
process costing system.
d. A way of working, organising or doing something that is composed of
elements of two separate systems.
Correct answer: a
Learning Objective 6.1 - recommend why organisations are motivated to implement or
upgrade enterprise resource planning (ERP) systems.
3. What is the main advantage of a hybrid information system?
*a. The ability to integrate an organisation’s operations with its financial
functions.
b. The ability to use both cash basis and accrual basis of accounting.
c. The ability to interact real valued states and finite valued states.
d. None of the above.
Correct answer: a
Learning Objective 6.1 - recommend why organisations are motivated to implement or
upgrade enterprise resource planning (ERP) systems.
, Chapter 6: Technology concepts
4. Why ERP system is attractive to businesses?
*a. These systems link the typical major functions of an organisation and the
organisation’s suppliers and customers in the value chain.
b. It is an integrated system that operates in real time without relying on periodic
updates.
c. An ERP system can support all applications of an organisation.
d. None of the above.
Correct answer: a
Learning objective 6.2 – categorise the key business processes that ERP systems support.
5. What is the main reason for the design of ERP systems?
*a. ERP systems are designed to capture a wide range of information about all
business transactions and processes related to the typical four major areas of
an organisation.
b. ERP systems are designed to advance various functions of the business.
c. ERP systems are designed to have multi-facilities e.g. work in multi-
currencies and multi-platforms.
d. None of the above.
Correct answer: a
Learning objective 6.2 – categorise the key business processes that ERP systems support.
6. Please indicate the four major areas in an organisation:
*a. sales and marketing, finance, manufacturing and human resources.
b. functional, divisional, matrix and marketing.
c. sales and marketing, processing, purchase and human resources.
d. a and c are both correct.
Correct answer: a
Learning objective 6.2 – categorise the key business processes that ERP systems support.
7. Which one of the following ERP systems is the dominant player in the ERP market?
a. MYOB.
b. Epicor.
c. Infor.
*d. SAP.
Correct answer: d
Learning objective 6.3 – describe the main modules in an ERP system through using SAP as
an example.
6.1
, 8. What are the core modules of the SAP Business Suite?
a. Financial accounting.
b. Controlling and profitability analysis.
c. Human resources, sales and distribution.
*d. All of the above.
Correct answer: d
Learning objective 6.3 – describe the main modules in an ERP system through using SAP as
an example.
9. What type of functions are included in the materials management module of the SAP
Business Suite?
*a. Functions related to payment or purchase to pay processes, including the
management of products while they are in stock.
b. Functions related to the revenue or sales order to cash process.
c. Functions related to recruitment, management and administration of personnel.
d. None of the above.
Correct answer: a
Learning objective 6.3 – describe the main modules in an ERP system through using SAP as
an example.
10. What does XBRL stand for?
a. Exchangeable Business Reporting Language.
*b. Extensible Business Reporting Language.
c. Executable Business Reporting Language.
d. Extensive Business Reporting Language.
Correct answer: b
Learning objective 6.4 – explain how XBRL is used in reporting systems.
11. By attaching meaning to strings of text, XBRL adopts a __________.
*a. semantic approach
b. non semantic approach
c. referencing to data approach
d. none of the options are correct
Correct answer: a
Learning objective 6.4 – explain how XBRL is used in reporting systems.
6.2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ingrid9061. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60904 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now