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BUAD 342 - Exam 1 Questions With Complete Solutions
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BUAD 342 - Exam 1 Questions With Complete Solutions
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BUAD 342 - Exam 1 Questions WithComplete Solutions
1. Delivering goods/services to customers and collecting payment describes which
business process? CORRECT ANSWERS Order to Cash cycle
Which of the following is one of the key information processing steps?
-Providing source data
-Generating inputs
-Progressing
-Maintaining reference data CORRECT ANSWERS Maintaining reference data
Which of the following is an event in the Procure to pay process?
-Store and Maintain Goods
-Select and Inspect Goods
-Negotiate terms of sales order
-Deliver Goods/Services CORRECT ANSWERS Store and Maintain Goods
Data regarding a recent customer order would be found in what type of file?
-Master File
-Reference File
-Suspense File
-None of the above CORRECT ANSWERS None of the above
Which of the following is an example of a master file?
-Order file
-Inventory file
-Shipping file
-Volume pricing list CORRECT ANSWERS Inventory File
Acquire and pay for resources describes which business process?
-Procure to Pay
-Information Processing
-Order to cash
-Conversion CORRECT ANSWERS Procure to Pay
Which of the following is not one of the key information processing steps?
-Input
-Delivering
-Processing
-Output CORRECT ANSWERS Delivering
Which of the following is an event in the Order to Cash Process?
-Converting
, -Pay Vendor
-Select and Inspect Goods
-Store and Maintain Goods CORRECT ANSWERS Pay Vendor
Data regarding a new employee would be found in what type of file?
-Transaction File
-Suspense File
-Master File
-Reference File CORRECT ANSWERS Master File
Which of the following is an example of a transaction file?
-Order File
-Inventory File
-Shipping File
-Both A and C CORRECT ANSWERS Order File & Shipping File (D)
Which of the following describes the Order to Cash Process? CORRECT ANSWERS
Selling Things
Typically, what is the first step of the Procure to Pay process? CORRECT ANSWERS
Identifying a Need
During the Procure to Pay process a company would Select and Inspect goods? (T/F)
CORRECT ANSWERS False
Data such as "Customer Name" and "Customer Address" would be found in what type
of file? CORRECT ANSWERS Master File
Transaction data that is collected and processed at a scheduled time is an example of?
CORRECT ANSWERS Batch Processing
Which of the following requires real time processing? CORRECT ANSWERS Ticket
Sales
Name one of the Information Processing Steps? CORRECT ANSWERS -Capturing
Source Data (Input)
-Maintaining Source Data (Processing)
-Reporting Data (Output)
In the Order to Cash process, which event is considered the point of sale? CORRECT
ANSWERS Delivery of Goods/Services
In the Procure to Pay process, which event is considered the point of purchase?
CORRECT ANSWERS Receiving Goods/Services
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