Question

 

1- Block Codes consist of a combination of a sequence code and a mnemonic code:

True

False

2- Business process reengineering efforts sometimes fail because

a- Employees will never accept change

b- Management gets too involved in the process

c- Management support can never overcome employee resistance

d- Management is too optimistic regarding its expectations from its implementation

3- RFIDS allow firms

a- Track inventory more effectively

b- Eliminate the use of databases

c- Reduce the costs of ERP systems

d- all of the above

4- Which of the following is not a concern of the financing process?

a- Minimizing an organization's borrowings

b- Projecting cash flows

c- Optimizing an organization's cost of capital

d- Effective cash management

5- The financial accounting cycle ends with

a- The production of financial statements

b- Development of cash forecasts

c- The production of an adjusted trial balance

d- The production of a post closing trial balance

6- Which of the following statements best describes a business process?

a- it is an economic event in the life of an organization

b- it is an activity that increases and/or decreases dollar amounts on the financial statements

c- it is a collection of activities in an organization that creates value

d- The nature and type of processes might vary from industry to industry

7- Performance reports are

a- Reports that show any exceptional conditions in an organization

b- Transaction listings

c- Reports that compare budgets with actual performance

d- never presented in an exception format

8- Why do firms like Walmart and Proctor & Gamble create supply chain partnership?

a- Supply Chains make database designs more efficient

b- These firms are chain stores, and they need supply chains

c- Supply Chains allow the firms to be more independent

d- Supply chains make inventory management more efficient

9- Well-designed output reports are characherized by all but which of the following?

a- They are usefull

b- They are conveniently formatted

c- They never include graphs

d- They are easily identifiable

10- Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty. These software solutions are called

a- Sales data management solutions

b- Customer relations data solutions

c- Customer relationship management solutions

d- none of the above

11- One distinguishing feature of organizations in the professional service industry is the difficulty in measuring the quantity and quality of their output

True

False

12- Effective cash management is not an objective of the financing process

True

False

13- The human resources management process is the same thing as the payroll process

True

False

Answer 1

1) Block Codes consist of a combination of a sequence code and a mnemonic code

Solution: False

Explanation: Blocks consist of one or more statements and declarations

　

2) Solution: Management is too optimistic regarding its expectations from its implementation

Explanation: When management is too optimistic about its expectations from its implementation usually the reengineering efforts in business process fails

　

3) Solution: Eliminate the use of databases

Explanation: RFID technology allows firms to manage inventories more efficiently and reduce tracking expenditure by providing accurate, up-to-date, and timely data

　

4) Solution: Minimizing an organization's borrowings

Explanation: Financing process consists of efficient cash management; optimizing the cost of capital of an organization ; and projecting cash flows

　

5) Solution: The financial accounting cycle ends with the post closing trial balance

Explanation: The production of a post closing trial balance

　

6) Solution: It is a collection of activities in an organization that creates value

Explanation: Business process refers to a collection of activities that creates value

　

7) Solution: Reports that compare budgets with actual performance

Explanation: Performance reports in a firm compare budgets in respect to actual performance

　

8) Solution: Supply chains make inventory management more efficient

Explanation: Since the supply chains make inventory management more effective thus Walmart and Procter & Gamble prefer supply chain partnerships

　

9) Solution: They never include graphs

Explanation: Well-designed output reports does not include graphs

　

10) Solution: Customer relationship management solutions

Explanation: Customer relationship management solutions gather, maintain, and use firm's data to give better service