a. Financial
shadowing

b. Managerial
trace technique

c. Concatenation

d. Audit
trail

20. The
essential steps in performing a systems study are (in order of occurrence):

a. Analysis,
design, implementation and initial operation, follow up

b. Design,
planning, follow up, analysis, and implementation

c. Planning,
system specification, analysis, production, implementation

d. Planning,
analysis, design, implementation, and follow up

21. What is
the first step to be performed by most organizations in their accounting
cycles?

a. Recording
business transactions in a journal

b. Preparing
a trial balance

c. Recording
closing entries in a journal

d. Preparing
transaction source documents

e. none of
the above

22. Another
name for an Internet domain address is its:

a. URL

b. ISP

c. email
address

d. IETF

23. Retail
sales on the Internet:

a. Are
growing rapidly

b. Were
growing at first, but are now declining

c. Are not
possible on the Internet

d. Have only
been achieved by major retailers such as Wal-Mart

24. This
company is one of the largest “auction houses” on the web:

a. Wal-Mart

b. Sears,
Roebuck

c. E-Bay

d. Forester

25. The
purpose of a company firewall is to:

a. Guard
against spoofing

b. Assist
the IETF

c. Deny
computer hackers access to sensitive data

d. all of
the above

26. A system that enables users to input data directly into
a computer, typically from a remote site, is conventionally called a(n):

a) Remote
input system

b) On line
job entry system

c) Remote
site input system

d) none of
these

27. A general
ledger:

a. Is a
chronological listing of an organization’s transactions

b. Is a
listing of an organization’s transactions, organized by account

c. Does not
include every account in an organization’s chart of accounts

d. Is the
same thing as a transaction listing

28. The
financial accounting cycle ends with:

a. The
production of financial statements

b. Closing
journal entries

c. The
production of an adjusted trial balance

d. Development
of cash forecasts

29. Information
overload:

a. Refers to
a problem that can result when an AIS produces too many reports

b. Refers to
the situation that occurs when a company’s database is too large

c. Almost
always results when an AIS is computerized

d. Cannot be
avoided in the Information Age

30. Which of
the following is not an example of a source document?

a. Receiving
report

b. Purchase
order

c. Sales
order

d. Aging
report

31. The sales
process begins with:

a. Placing
an order with a vendor

b. A
customer order for goods or services

c. Production
of goods or services

d. Delivery
of goods or services

32. The
primary objective in processing revenues is to:

a. Sell as
many goods as possible

b. Achieve
timely and efficient cash collection

c. Maximize
an organization’s sales orders

d. Only sell
goods to customers who can pay their bills

33. An
important input to the sales process is:

a. A
customer sales order

b. The cash
forecast

c. Aged
accounts receivable information

d. A
receiving report