Exam (elaborations)
MIS FINAL (2).
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Exam of 21 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (MIS FINAL (2).)
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MIS FINALA(n) _____ is central to individuals and organizations of all sizes and ensures that information
can be shared across all business functions and all levels of management to support the
running and managing of a business.
a.
transaction processing system
b.
enterprise system
c.
procurement system
d.
batch processing system - ANS-Enterprise Systems
Accounts payable is an example of a(n) _____.
a.
enterprise resource planning system
b.
supply chain system
c.
transaction processing system
d.
value chain system - ANS-Transaction Processing Systems
With _____, business transactions are accumulated over a period of time for processing in a
single unit
a.
online transaction processing systems
b.
real-time transaction processing systems
c.
on-demand processing systems
d.
batch processing systems - ANS-Batch Processing Systems
The essential characteristic of a(n) _____ is that there is delay between an event and the
eventual processing of the related transaction to update an organization's records
,a.
online processing system
b.
order processing system
c.
transaction processing system
d.
batch processing system - ANS-Batch Processing System
With _____, each transaction is processed immediately without the delay of accumulating
transactions into a batch
a.
unit batch processing
b.
online transaction processing
c.
data editing
d.
data mining - ANS-Online Transaction Processing
Which of the following types of processing is essential for businesses that require access to
current data such as airlines, ticket agencies, and stock investment firms
a.
Batch processing
b.
Multiple unit processing
c.
Business intelligence processing
d.
Online transaction processing - ANS-Online Transaction Processing
In the context of purchasing systems involved in the traditional transaction processing systems,
when a(n) _____ arrives from a supplier, it is matched to the original order and the receiving
report, and a check is generated if all data is complete and consistent.
a.
order
b.
pick list
, c.
invoice
d.
request for quotation - ANS-Invoice
As an organization's purchasing systems generate purchase orders and the items ordered are
received, information is sent to the _____ system to manage the amounts owed by the
organization
a.
accounts receivable
b.
accounts payable
c.
invoicing
d.
inventory control - ANS-Accounts Payable
A small and medium-sized enterprise (SME) is legally independent enterprise with _____
employees.
a.
up to 500
b.
more than 500 but less than 1000
c.
more than 1000
d.
up to 700 - ANS-Up to 500
_____ involves capturing and gathering all data necessary to complete the processing of
transactions
a.
Data manipulation
b.
Data editing
c.
Date input
d.
Data collection - ANS-Data Collection
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