Reference no: EM132621492

Question 1: Accounting systems wary according to the need of the business and industry. Which of the following statements regarding accounting systems is not true?

Select one:

A. Large organisations will find simple accounting system hard to satisfy their needs.

B. ERP systems are also suitable for small organisations.

C. Medium-sized organisations are better off using mid-range accounting systems.

D. None of the options is correct.

Question 2: It is important to protect customer information. Ideally, a website should not store any data of the potential customer during the customer registration process until the customer has:

Select one:

A. agreed to relevant Terms and Conditions.

B. elected to press the 'Submit' button on the electronic registration form.

C. reviewed all information entered in previous steps of registration.

D. all of the options are correct.

Question 3: There has been a huge growth in online transactions in the past few decades. Do electronic Accounting Information Systems pose more of a threat to customer privacy than paper-based systems?

Select one:

A. No because the data cannot be read by a human.

B. Yes because organisations always sell the data onto marketing companies.

C. No because there are laws that protect the privacy of customers.

D. Yes because organisations can collect more data about more people than ever before.

Question 4: Several steps are necessary to complete sales transaction. A salesperson is processing a credit sale. As per company policy, the salesperson should conduct the credit check and forward the result to a supervisor, who would then make a decision on the creditworthiness of the applicant and send this back to the salesperson. This scenario is more likely to happen in:

Select one:

A. functionally based organisation.

B. business process-based organisation

C. both functionally based organisation and business process-based organisation

D. neither functionally based organisation nor business process-based organisation.

Question 5: A well-controlled expenditure cycle can provide a competitive advantage by providing high quality products and services. Which of the following is NOT a concern of the expenditure cycle?

Select one:

A. Favourable settlement terms are negotiated with the supplier.

B. Payments match supplier invoice, purchase order and delivery docket.

C. Payments are made by authorised employees

D. There are sufficient goods in the finished goods inventory to fulfil the customer's order