Exam (elaborations)
Exam 2 (1)
- Institution
- Chapter 5: Time Value Of Money
Exam of 51 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (Exam 2 (1))
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Exam 2"Pricing, promoting, selling, and distributing the organization's goods and services pertain to
which of the following functions?
A) marketing
B) production
C) accounting
D) research" - ANS-Marketing
"Creating finished goods and services using raw materials and personnel pertains to which of
the following functions?
A) marketing
B) research
C) production
D) human resources" - ANS-Production
"Who is responsible for operational matters and monitoring day-to-day events?
A) supervisors
B) middle management
C) stockholders
D) top management" - ANS-Supervisors
"This level of management is concerned with long-range planning and uses information that will
help them plan the future growth and direction of the organization.
A) top management
B) middle management
C) supervisors
D) stockholders" - ANS-Top management
"This level of management is involved with tactical planning and implementing the long-term
goals within an organization.
A) top management
B) middle management
C) supervisors
D) stockholders" - ANS-Middle management
"________ systems help supervisors by generating databases that act as the foundation for
other information systems.
A) Decision support
B) Management information
C) Transaction processing
D) Executive support" - ANS-Transaction processing
,"Which of the following refers to a system that summarizes detailed data from the transaction
processing systems in standard reports for middle-level managers?
A) data processing system (DPS)
B) management information system (MIS)
C) decision support system (DSS)
D) executive support system (ESS)" - ANS-Management information system (MIS)
"Who uses management information systems?
A) employee-level workers
B) supervisors
C) middle-level managers
D) top-level managers" - ANS-Middle-level managers
"Which system presents information in a highly summarized form?
A) transaction processing system (TPS)
B) management information system (MIS)
C) decision support system (DSS)
D) executive support system (ESS)" - ANS-Executive support system (ESS)
"A transaction processing system is also referred to as a ________.
A) sales order processing
B) data processing system
C) management information system
D) database management" - ANS-Data processing system
"The ________ activity records the customer requests for products or services.
A) payroll
B) sales order processing
C) inventory
D) accounts receivable" - ANS-Sales order processing
"Money collected from or owed by customers is called ________.
A) accounts payable
B) inventory
C) accounts receivable
D) sales order processing" - ANS-Accounts receivable
"The ________ keeps records of the number of each kind of part or finished good in the
warehouse.
A) payroll
B) inventory control system
C) sales order processing
D) general ledger" - ANS-Inventory control system
,"What documentation shows the income, expenses, and difference between them for a
company during a specific time period?
A) income statements
B) balance sheets
C) accounts payable
D) purchase order" - ANS-Income statements
"This lists the assets, liabilities, and the equity of an organization.
A) balance sheet
B) accounts payable
C) income statement
D) payroll" - ANS-Balance sheet
"Regional managers can compare their regular sales reports with that of the other regional
managers by using ________.
A) management reports
B) periodic reports
C) exception reports
D) demand reports" - ANS-Periodic reports
"An example of this type of report would be a sales report that shows that certain items are
selling significantly above or below forecasts.
A) periodic
B) demand
C) inventory
D) exception" - ANS-Exception
"This system is a flexible tool for data analysis, since its reports do not have a fixed format.
A) management information system
B) decision support system
C) transaction processing system
D) executive support system" - ANS-Decision support system
"In a GDSS, the ________ is generally the decision maker.
A) programmer
B) technician
C) group
D) client" - ANS-Group
"This typically consists of transactions from the transaction processing system.
A) system software
B) external data
C) decision model
, D) internal data" - ANS-Internal data
"This decision model helps middle-level managers control the work of the organization, such as
financial planning and sales promotion planning.
A) strategic model
B) corporate model
C) tactical model
D) operational model" - ANS-Tactical model
"Some of these systems have the ability to retrieve information from databases outside the
company, such as business-news services.
A) transaction processing system (TPS)
B) decision support system (DSS)
C) management information system (MIS)
D) executive support systems (ESS)" - ANS-Executive support systems (ESS)
"These systems are used in managing documents, communicating, and scheduling.
A) office automation systems
B) transaction processing systems
C) knowledge work systems
D) executive support systems" - ANS-Office automation systems
"Project resources can be scheduled, planned, and controlled using ________.
A) project managers
B) operational managers
C) knowledge work systems
D) CAD/CAM systems" - ANS-Project managers
"Which system is a type of artificial intelligence that uses a database, containing facts and rules,
to provide assistance to users?
A) CAD/CAM system
B) expert system
C) knowledge work system
D) office automation system" - ANS-Expert system
"Effective operation within any organization requires an efficient and coordinated flow of
________ throughout the organization.
A) research
B) market awareness
C) information
D) accounting data" - ANS-Information
"The ________ department tracks all sales, payments, and transfers of funds.
A) marketing
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