Question 1

Which of the following techniques analyzes all incremental costs associated with acquiring and carrying particular items of inventory?

Accepted Answer

A) cyclical reordering 
B) reorder point analysis 
C) EOQ models 
D) ABC analysis 
A) cyclical reordering 
B) reorder point analysis 
C) EOQ models 
D) ABC analysis

Question 2

A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to:

Accepted Answer

A) send a "blind" copy of the purchase order to receiving 
B) establish a "tickler" file for completed purchase orders 
C) send copies of a receiving report to accounts payable 
D) establishing "blanket orders" in purchasing 
A) send a "blind" copy of the purchase order to receiving 
B) establish a "tickler" file for completed purchase orders 
C) send copies of a receiving report to accounts payable 
D) establishing "blanket orders" in purchasing

Question 3

Which of the following process bubbles would you not expect to see in the Purchasing Process - Level 0 Diagram?

Accepted Answer

A) make payment 
B) order goods and services 
C) receive goods and services 
D) determine requirements 
A) make payment 
B) order goods and services 
C) receive goods and services 
D) determine requirements

Question 4

In a purchasing process, once requirements are determined and a vendor selected, the next step is:

Accepted Answer

A) the purchase requisition 
B) the purchase order 
C) receive goods and services 
D) a vendor acknowledgment 
A) the purchase requisition 
B) the purchase order 
C) receive goods and services 
D) a vendor acknowledgment

Question 5

The ____________________ manager usually performs major buying activities as well as performing the administrative duties of running a department.

Accepted Answer

The answer of The ____________________ manager usually performs major buying...

Question 6

The warehouse number is the primary key for the relational table for inventory.

Accepted Answer

A) True 
 B)False

Question 7

In the Purchasing Process - Level 0 Diagram, a data flow called "inventory purchase requisition" most likely would be sent by the inventory management process to which of the following processes?

Accepted Answer

A) order goods and services 
B) receive goods and services 
C) determine requirements 
D) none of the above 
A) order goods and services 
B) receive goods and services 
C) determine requirements 
D) none of the above

Question 8

Inventory carrying costs include all of the following except:

Accepted Answer

A) clerical cost of ordering goods 
B) opportunity cost of investment funds 
C) insurance costs 
D) obsolescence and deterioration 
A) clerical cost of ordering goods 
B) opportunity cost of investment funds 
C) insurance costs 
D) obsolescence and deterioration

Question 9

The purchasing process--receive goods and services--normally would be triggered by the data flow:

Accepted Answer

A) purchase order 
B) vendor acknowledgment 
C) vendor packing slip 
D) purchase requisition 
A) purchase order 
B) vendor acknowledgment 
C) vendor packing slip 
D) purchase requisition

Question 10

Which of the following most likely would be "blinded" on a copy of the purchase order sent to the receiving department?

Accepted Answer

A) inventory descriptions 
B) vendor identification 
C) quantities 
D) freight terms 
A) inventory descriptions 
B) vendor identification 
C) quantities 
D) freight terms

Question 11

Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a

Accepted Answer

A) purchase order 
B) receiving report 
C) stock notice 
D) inventory notice 
A) purchase order 
B) receiving report 
C) stock notice 
D) inventory notice

Question 12

Purchase orders are sent to:

Accepted Answer

A) customers 
B) vendors 
C) carriers 
D) managers 
A) customers 
B) vendors 
C) carriers 
D) managers

Question 13

Outputs of a purchasing process normally might include all of the following except:

Accepted Answer

A) purchase order 
B) a purchase order inventory notification sent to the inventory system 
C) receiving report 
D) vendor invoice 
A) purchase order 
B) a purchase order inventory notification sent to the inventory system 
C) receiving report 
D) vendor invoice

Question 14

Supply chain management

Accepted Answer

A) helps to ensure delivery of goods and services to customers of the highest value but increases costs. 
B) helps to ensure delivery of goods and services to customers of the highest value at the lowest costs. 
C) helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality. 
D) increases inventory across the supply chain. 
A) helps to ensure delivery of goods and services to customers of the highest value but increases costs. 
B) helps to ensure delivery of goods and services to customers of the highest value at the lowest costs. 
C) helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality. 
D) increases inventory across the supply chain.

Question 15

A(n) ____________________ copy of a document is one in which selected data are blanked out so that persons receiving that copy will not have access to the data.

Accepted Answer

The answer of A(n) ____________________ copy of a document is...

Question 16

Notification that a PO has been prepared and sent to the vendor is sent to the ___________________ , receiving and ______________________________.

Accepted Answer

original r

Question 17

A retailer could misread a demand signal doubling it's normal order, and the wholesaler could respond and also double it's order resulting in four times the retail order.This is an example of the bullwhip effect.

Accepted Answer

A) True 
 B)False

Question 18

Notifications that a PO has been prepared and sent to the vendor are sent to the receiving department, the accounts receivable process, and the department or process that requested the purchase.

Accepted Answer

A) True 
 B)False

Question 19

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

Accepted Answer

A) True 
 B)False

Question 20

Purchase requisitions are compiled in a ______________________________ data store.

Accepted Answer

purchase r

Which of the following techniques analyzes all incremental costs associated with acquiring and carrying particular items of inventory?

A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to:

Which of the following process bubbles would you not expect to see in the Purchasing Process - Level 0 Diagram?

In a purchasing process, once requirements are determined and a vendor selected, the next step is:

The ____________________ manager usually performs major buying activities as well as performing the administrative duties of running a department.

The warehouse number is the primary key for the relational table for inventory.

In the Purchasing Process - Level 0 Diagram, a data flow called "inventory purchase requisition" most likely would be sent by the inventory management process to which of the following processes?

Inventory carrying costs include all of the following except:

The purchasing process--receive goods and services--normally would be triggered by the data flow:

Which of the following most likely would be "blinded" on a copy of the purchase order sent to the receiving department?

Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a

Purchase orders are sent to:

Outputs of a purchasing process normally might include all of the following except:

Supply chain management

A(n) ____________________ copy of a document is one in which selected data are blanked out so that persons receiving that copy will not have access to the data.

Notification that a PO has been prepared and sent to the vendor is sent to the _ , receiving and ____________.

A retailer could misread a demand signal doubling it's normal order, and the wholesaler could respond and also double it's order resulting in four times the retail order.This is an example of the bullwhip effect.

Notifications that a PO has been prepared and sent to the vendor are sent to the receiving department, the accounts receivable process, and the department or process that requested the purchase.

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

Purchase requisitions are compiled in a ______________________________ data store.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters

Exam 12: The Purchasing Process

Which of the following techniques analyzes all incremental costs associated with acquiring and carrying particular items of inventory?

A control that can ensure that receiving clerks are not influenced by quantity information while actually counting incoming goods is to:

Which of the following process bubbles would you not expect to see in the Purchasing Process - Level 0 Diagram?

In a purchasing process, once requirements are determined and a vendor selected, the next step is:

The ____________________ manager usually performs major buying activities as well as performing the administrative duties of running a department.

The warehouse number is the primary key for the relational table for inventory.

In the Purchasing Process - Level 0 Diagram, a data flow called "inventory purchase requisition" most likely would be sent by the inventory management process to which of the following processes?

Inventory carrying costs include all of the following except:

The purchasing process--receive goods and services--normally would be triggered by the data flow:

Which of the following most likely would be "blinded" on a copy of the purchase order sent to the receiving department?

Assume that one of the process bubbles in the Purchasing Process - Level 0 Diagram is called "order goods and services." The data flow between "order goods and services" and the "vendor" is called a

Purchase orders are sent to:

Outputs of a purchasing process normally might include all of the following except:

Supply chain management

A(n) ____________________ copy of a document is one in which selected data are blanked out so that persons receiving that copy will not have access to the data.

Notification that a PO has been prepared and sent to the vendor is sent to the ___________________ , receiving and ______________________________.

A retailer could misread a demand signal doubling it's normal order, and the wholesaler could respond and also double it's order resulting in four times the retail order.This is an example of the bullwhip effect.

Notifications that a PO has been prepared and sent to the vendor are sent to the receiving department, the accounts receivable process, and the department or process that requested the purchase.

Supply chain management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to the customers.

Purchase requisitions are compiled in a ______________________________ data store.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters

Notification that a PO has been prepared and sent to the vendor is sent to the _ , receiving and ____________.