Blackboard Learn

12-02-09 8:49 PM

CITM330 - Supply Chain Proc Architecture - W2012 (citm330_w12_01)

Assignments ... Textbook Quiz 4 Review Test Submission: Textbook Quiz 3

CITM330 - Supply Chain Proc Architecture W2012 (citm330_w12_01) Announcements Discussions Tools Course Documents Discussion Board Communication Assignments

Review Test Submission: Textbook Quiz 3

User Submitted Name Status Score Nasir Hussain 2/9/12 8:48 PM Textbook Quiz 3 Completed 2.7 out of 3.2 points

Time Elapsed 28 minutes, and 40 seconds out of 2 hours and Instructions

Question 1
My Groups ERPSIM Game Team CC Group Manufacturing

0.1 out of 0.1 points

Areas of Accounting includes: [1] accounting and [2] accounting. Specified Answer for: 1 Specified Answer for: 2 financial managerial
0.1 out of 0.1 points

Question 2

Financial accounting: use documented transactions to create reports for [1] parties and agencies.
Specified Answer for: 1 external
0 out of 0.1 points

Question 3

Financial accounting: reports, or financial statements, must follow prescribed [1] of various agencies
Specified Answer for: 1 rules
0 out of 0.1 points

Question 4

Common financial statements: [1] and [2].

Specified Answer for: 1 Specified Answer for: 2 balance sheets income statements
0.1 out of 0.1 points

Question 5

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 1 of 7

Blackboard Learn

12-02-09 8:49 PM

Balance sheet shows account balances such as: [1] held, amounts owed to the company by [2], [3] of raw materials and finished goods, long-term assets such as [4], amounts owed to [5], amounts owners have [6] in company. Specified Answer for: 1 Specified Answer for: 2 Specified Answer for: 3 Specified Answer for: 4 Specified Answer for: 5 Specified Answer for: 6 cash customers cost buildings vendors, banks, and other creditors invested
0 out of 0.1 points

Question 6

Income Statement, also called [1] (P&L) statement, shows company's [2], [3], and [4] for a period of time (typically a quarter or a year). Specified Answer for: 1 Specified Answer for: 2 Specified Answer for: 3 Specified Answer for: 4 Profift and Loss sales cost of sales profit or loss
0.1 out of 0.1 points

Question 7

[1]: determining costs and profitability of companys activities.

Specified Answer for: 1 Managerial Accounting
0.1 out of 0.1 points

Question 8

In traditional accounting, companys accounts are kept in a record called a [1].

Specified Answer for: 1 general ledger
0.1 out of 0.1 points

Question 9

In the SAP ERP system, input to general ledger occurs simultaneously with business [1].
Specified Answer for: 1 transactions

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 2 of 7

Blackboard Learn

12-02-09 8:49 PM

Question 10

0.1 out of 0.1 points

Credit management requires a good balance between: granting sufficient credit to [1], and making sure the company does not [2].
Specified Answer for: 1 Specified Answer for: 2 support sales lose too much money
0.1 out of 0.1 points

Question 11

Advantages of using SAP ERP to manage credit: process is [1]; data are available in [2].
Specified Answer for: 1 Specified Answer for: 2 automated real time
0.1 out of 0.1 points

Question 12

Company can configure [1] number of credit-check options in SAP ERP system.
Specified Answer for: 1 any
0.1 out of 0.1 points

Question 13

Manufactured items cost has three elements: cost of [1], cost of [2], [3] - all other costs.
Specified Answer for: 1 raw materials

Specified Answer for: labor employed directly in production of 2 item Specified Answer for: 3 Overhead

Question 14

0.1 out of 0.1 points

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 3 of 7

Blackboard Learn

12-02-09 8:49 PM

Inventory cost accounting background: direct costs include [1] and [2], can be estimated fairly accurately.
Specified Answer for: 1 Specified Answer for: 2 materials labor
0 out of 0.1 points

Question 15

Indirect costs: difficult to associate with [1].

Specified Answer for: 1 specific products
0.1 out of 0.1 points

Question 16

[1]: differences between actual costs and standard costs.

Specified Answer for: 1 cost variances
0.1 out of 0.1 points

Question 17

[1]: method for developing a product cost in an ERP system.

Specified Answer for: 1 Product cost variant
0 out of 0.1 points

Question 18

[1]: Accountants identify activities associated with [2] generation and then keep records on costs and on activities.
Specified Answer for: 1 Specified Answer for: 2 Activity-based costing (ABC) overhead
0.1 out of 0.1 points

Question 19

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 4 of 7

Blackboard Learn

12-02-09 8:49 PM

ABC requires [1] bookkeeping than traditional costing methods.

Specified Answer for: 1 more
0.1 out of 0.1 points

Question 20

With an ERP system, all transactions in all areas of a company get posted in a [1] database.
Specified Answer for: 1 centralized
0.1 out of 0.1 points

Question 21

Each transaction posted in SAP ERP gets its own unique [1], allows quick access to the data.
Specified Answer for: 1 document number
0.1 out of 0.1 points

Question 22

In SAP ERP, document numbers for [1] transactions are associated in the database, provides an electronic [2].
Specified Answer for: 1 Specified Answer for: 2 related audit trail
0.1 out of 0.1 points

Question 23

[1]: repository for data from various sources.

Specified Answer for: 1 Data warehouse
0.1 out of 0.1 points

Question 24

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 5 of 7

Blackboard Learn

12-02-09 8:49 PM

U.S. Congress passed [1] of 2002, designed to encourage top management [2] in firms that are publicly traded in the United States.
Specified Answer for: 1 Specified Answer for: 2 Sarbanes-Oxley Act accountability
0.1 out of 0.1 points

Question 25

SAP ERP software offers [1] ways to delete items.

Specified Answer for: 1 very few
0.1 out of 0.1 points

Question 26

Data are removed from SAP ERP system only [1] they have been recorded to media (tape backup, DVD-R) for [2] storage.
Specified Answer for: 1 Specified Answer for: 2 after permanent
0.1 out of 0.1 points

Question 27

SAP ERP has sophisticated [1] tools that allow different levels of authorization management, ensures that employees can perform only the transactions required for their jobs.
Specified Answer for: 1 user administration
0.1 out of 0.1 points

Question 28

[1]: Provides a simple method for selecting functions that a user should be allowed to perform.
Specified Answer for: 1 Profile Generator
Page 6 of 7

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Blackboard Learn

12-02-09 8:49 PM

Question 29

0.1 out of 0.1 points

Setting limits on the size of transaction an employee can process, is done using [1] in SAP ERP.
Specified Answer for: 1 tolerance groups
0.1 out of 0.1 points

Question 30

Tolerance Group: preset limits on an employees ability to [1], set limits on the [2] for a single item in a document as well
as the total value of document. Specified Answer for: 1 Specified Answer for: 2 post transactions dollar value
0.1 out of 0.1 points

Question 31

ERP systems provide the ability to drill down from a report to the [1] (transactions) that created it, makes it easier for auditors to confirm the [2] of reports.
Specified Answer for: 1 Specified Answer for: 2 source documents integrity
0.1 out of 0.1 points

Question 32

In Accounting, closing the books means zeroing out [1].

Specified Answer for: 1
Thursday, February 9, 2012 8:48:27 PM EST
OK

temporary accounts

https://courses.ryerson.ca/webapps/assessment/review/review.jsp?attecourse_id=_60955_1&content_id=_1800187_1&return_content=1&step=null

Page 7 of 7