ACCT 3222 Capstone Quiz with complete solutions |Latest 2024/2025

ACCT 3222 Capstone Quiz with complete solutions. In which cycle does a company ship goods to customers? a. Production cycle b. Financing cycle c. Revenue cycle d. Expenditure cycle ️ c Which of the following documents is most likely to be used in the expenditure cycle? a. Sales order b. Credit memo c. Receiving report d. Job time ticket ️ c Which of the following is NOT an advantage of the ERP system? a. Better access control b. Standardization of procedures and reports c. Improved monitoring capabilities d. Simplicity and reduced costs ️ d Recording and processing information about a transaction at the time it takes place is referred to as which of the following? a. Batch processing b. Online, real-time processing c. Captured transaction processing d. Chart of accounts processing ️ b Which of the following statements is FALSE? a. A flowchart is an analytical technique used to describe some aspect of an information system in a clear, concise, and logical manner. b. Flowcharts use a standard set of symbols to describe pictorially the flow of documents and data through a system. c. Flowcharts are easy to prepare and revise when the designer utilizes a flowcharting software package. d. A system flowchart is a narrative representation of an information system. ️ d