1. All of the following cycles are part of the Transaction Processing System, ex
ID: 2423797 • Letter: 1
Question
1. All of the following cycles are part of the Transaction Processing System, except:
The revenue cycle
The administration cycle
The expenditure cycle
None of these answers are correct
The conversion cycle
2. Which of the following is a major difference between the Financial Reporting System (FRS) and the Management Reporting System (MRS)?
FRS provides information to internal and external users; the MRS provides information to internal users
FRS provides discretionary information; the MRS provides nondiscretionary information
FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System
None of these answers are correct
FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are prepared in standardized, formal formats
3. All of the following are tools for systems development, except _____________.
object-oriented development
prototyping
component-based development
OLAP
CASE tools
4. All of the following are characteristics of effective information, except:
Structure
Relevance
None of these answers are correct
Summarization
Completeness
5. ____________ makes an adjustment to accounting records to reflect the decrease in inventory due to a sale being made.
The Billing department
The Shipping department
The Warehouse department
The General Ledger department
The Inventory Control department
6. Which of the following is false?
ERP systems are designed to integrate business processes.
Functional area information systems easily communicate with each other.
Functional area information systems were usually developed independently.
ERP systems use a common database.
ERP systems integrate functional areas within an organization.
Explanation / Answer
1) The administrative cycle
2)FRS provides information to internal and external users; the MRS provides information to internal users
3)prototyping
4)Structure
5)inventory control department
6)Functional area information systems easily communicate with each other
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