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Chapter 14

Study Guide

Multiple Choice

Multiple Choice

This activity contains 12 questions.

	Who should be allowed to enter adjusting entries through the general journal?   Purchasing Sales Payroll Controller None of the above

	Which of the following integrate the functional subsystems of an AIS?   EFT EDI ERP FEDI None of the above

	Which of the following are used to document journal entries that are made in the general journal?   Vouching packets Bank reconciliation Journal vouchers General authorizations None of the above

	If one wished to search for unusual patterns in massive amounts of data, one would use a(n) __________ tool.   online analytical processing data mining worm none of the above

	Kaplan and Norton introduced the concept of a balanced scorecard. A balanced scorecard involves analyzing a company's performance from four perspectives. Which one of the following in not a perspective in a balanced scorecard?   Financial Internal operations Innovation and learning Customer perspectives of the organization All of the above are perspectives in a balanced scorecard.

	Which type of adjusting entry is reflective of events that have occurred but for which cash has not yet been received or disbursed?   Accrual Deferral Estimate Revaluation Correction None of the above

	Which type of adjusting entry is reflective of a portion of expenses that occur over a number of accounting periods?   Accrual Deferral Estimate Revaluation Correction None of the above

	Which type of adjusting entry is reflective of a change of accounting principles?   Accrual Deferral Estimate Revaluation Correction None of the above

	What are the benefits of an integrated data model?   Improve the support provided for managerial decision making Reduction in information overload Integration of financial and nonfinancial information Enabling the exploitation of the virtual value chain Two of the above Three of the above

	What are the threats of an integrated data model?   Opens additional lines of communication outside the organization Provides easier access for competitors to retrieve company data. Through efficiency, enables one individual to perform multiple steps in a business process Allows "mirroring" (second stage in the virtual value chain) Two of the above Three of the above

	Which element of the balanced scorecard would be represented by the current ratio?   Financial Internal operations Innovation and learning Customer perspectives of the organization Not represented in the balanced scorecard.

	Which element of the balanced scorecard would be represented by setup time?   Financial Internal operations Innovation and learning Customer perspectives of the organization Not represented in the balanced scorecard

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