Exam 3: Electronic Business E-Business Systems

______________________________ is unsolicited unwanted mail.

Vendor online catalogs can be viewed by customers through a(n):

The proper sequence of activities in a manual accounting system is:

A(n) ______________________________ is a book of original entry for recording business events.

Standing data is relatively permanent portions of master data.

This type of intranet that has been extended to limited external access is a(n) ______________________________.

SPAM is unsolicited unwanted mail.

Compare and contrast manual and automated accounting information systems.

Suggesting items to Internet customers based on their buying patterns

Master data are repositories of relatively permanent data maintained over an extended period of time.

______________________________ is a service provided for a fee to vendors in order to provide a limited assurance to users of the vendor's Web site that the site is in fact reliable and event data security is reasonable.

Batch mode is the data processing mode in which there is little or no delay between any two data processing steps.

Discuss the advantages and disadvantages of the different modes of processing (i.e., OLTE and OLRT).

Which of the following is not a benefit of electronic data interchange (EDI)?

The following is a list of 10 terms and concepts from Chapter 3: $\quad$$\quad$$\quad$$\quad$ $\underline{\text{Terms and consepts:}}$ A. Master data $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ F. Journalize B. Standing data $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ G. Subsidiary ledger C. Summarize $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ H. General ledger D. Post to subsidiary ledger $\quad$$\quad$$\quad$$\quad$ I. Information processing E. Post to general ledger $\quad$$\quad$$\quad$$\quad$$\quad$ J. Data maintenance Required: Listed below are ten descriptions of a term or concept. On the blank line to the left of each number, insert the capital letter from the list above of the term or concept that corresponds to the statement. A letter should be used only once. $\underline{\text{Answers}}$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ DESCRIPTION _______ 1. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Add a sale to a customer's account _______ 2. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Record a sales transactions in a book of original entry _______ 3. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Customer credit limit _______ 4. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Accounts Receivable and Sales accounts _______ 5. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Change inventory prices _______ 6. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Increase the balance in the Sales and Accounts Receivable account: _______ 7. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Financial statement preparation _______ 8. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Individual customer accounts receivable records _______ 9. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Accounts receivable subsidiary ledger _______ 10. $\quad$$\quad$$\quad$$\quad$ $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Prepare a trial balance.

Which of the following is not a cost of electronic data interchange (EDI)?

Online real-time (OLRT) systems gather business event data at the time of occurrence, update the master data essentially instantaneously, and provide the results arising from the business event within a very short amount of time.

______________________________ is the aggregation of several business events over some period of time with the subsequent processing of these data as a group by the information system.

Applications such as ANSI (X12) and EDIFACT are referred to as transaction software.

______________________________ is the physical and logical division between user-oriented application programs that are run at the client (user) level and the shared data that must be available through a server (separate computer) that handles centrally shared activities.