Question

67)

Which one of the following is a sub-process of the Purchasing Process that does not update the Inventory Master Data?

(2pts)

Receive Goods and Services

Determine Requirements

Check Customer Credit

Order Goods and Services

None of the above

68)

Which one of the following items is least likely to be part of an approved configuration plan?

(2pts)

Chosen hardware type, manufacturer, and model

Items to be included in the hadrware contracts

Results of testing alternative software design and hardware resouces

The direct and indirect costs (benefits) attributable to the system change.

69)

In a normalized database for the B/AR/CR process, Customer number would least likely appear as a foreign key in the _____ table.

(2pts)

Customers

Shipments

Sales Orders

Sales Invoices

None of the above

70)

The B/AR/CR process comprises three different but related processes—namely, billing, accounts receivable, and cash receipts. Which of the following would not be an operations process goal for these three processes?

(2pts)

ensure efficient employment of resources

ensure security of resources

ensure effectiveness of operations

ensure AR master data update accuracy

None of the above

71)

The typical information flows in a purchasing process might include all of the following except:

(2pts)

the purchase order is sent to the vendor

goods or services are received from the vendor

a copy of a receiving report is sent to the cashier

a purchase requisition is sent from inventory control to the purchasing department

72)

Invoices are prepared immediately on acceptance of a customer order in a ______.

(2pts)

Concurrent-billing system

Pre-shipment system

Post-billing system

Pre-billing system

All of the above

None of the above

73)

A raw materials quantity or usage variance is calculated by ________.

(2pts)

multiplying multiplying the difference between the actual and standard raw materials unit cost by the actual quantity of raw materials used

multiplying the difference between actual and standard quantities by the actual raw materials unit cost

multiplying the difference between actual and standard quantities by the standard raw materials unit cost

multiplying the difference between the actual and standard raw materials cost by the standard quantity of materials allowed

All of the above

None of the above

74)

The purchasing process—receive goods and services—normally would be triggered by the data flow:

(2pts)

purchase order

purchase requisition

vendor packing slip

vendor acknowledgment

None of the above

75)

Discriminatory pricing is a violation of the _______.

(2pts)

Robinson-Patman Act

Taft-Hartley Act

Racketeering and Corrupt Organizations Act

Sherman Antitrust Act

None of the above

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Answer 1

Ans to Q67

Option b) Determine Requirements

Ans to Q68

Option c) Results of testing alternative software design and hardware resources

Ans to Q69

Option b) Shipments

Ans to Q70

Option e) None of the above

Ans to Q71

Option c) a copy of a receiving report is sent to the Cashier

Ans to Q72

Option d) pre billing system

Ans to Q73

Option C) multiplying the difference between actual and standard quantities by the standard raw materials unit cost

Ans to Q74

Option b) Purchase requisition

Ans to Q75

Option d) Sherman Antitrust Act