ACC 340 Final Exam Guide-acc340dotcom
For more course tutorials visit www.acc340.com Multiple-Choice Questions 1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a) Financial shadowing b) Managerial trace technique c) Concatenation d) Audit trail 2. Justifying expenditures for new technologies is especially difficult because: a) You do not know how many jobs will be affected b) Expenses are often recurring and are difficult to estimate c) Many benefits are intangible and are not easily known or measured d) Justifying a new technology is no different from any other capital budgeting problem
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Multiple-Choice Questions
1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called:
a) Financial shadowing
b) Managerial trace technique
c) Concatenation
d) Audit trail
2. Justifying expenditures for new technologies is especially difficult because:
a) You do not know how many jobs will be affected
b) Expenses are often recurring and are difficult to estimate
c) Many benefits are intangible and are not easily known or measured
d) Justifying a new technology is no different from any other capital budgeting problem
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) ISP<br />
c) email address<br />
d) IETF<br />
10. Business process reengineering efforts sometimes fail<br />
because:<br />
a) Management gets too involved in the process<br />
b) Management is too optimistic regarding its expectations<br />
from its implementation<br />
c) Management support can never overcome employee<br />
resistance<br />
d) Employees will never accept change<br />
11. The sales process begins with:<br />
a) Placing an order with a vendor<br />
b) A customer order for goods or services<br />
c) Production of goods or services<br />
d) Delivery of goods or services<br />
12. The primary objective in processing revenues is to:<br />
a) Sell as many goods as possible<br />
b) Achieve timely and efficient cash collection<br />
c) Maximize an organization’s sales orders
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