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Accounting Expert Answers & Study Resources : Page 618

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16) Companies that specialize in processing payroll are known as A) paycheck distribution companies. B) payroll service bureaus. C) professional employer organizations. D) semi-governmental organizations. 17) Which organization provides payroll processing as well as other HRM services, like employee benefit design and administration? A) title companies B) payroll service bureau C) professional employer organization D) paycheck distribution companies 18) Which.

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  • 16) Companies that specialize in processing payroll known as A) paycheck
  • Accounting
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15.1   Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle. 1) Which activity below is not performed by Human Resources management (HRM)? A) compensation B) training C) discharge D) recruitment and hiring 2) Which department should have the sole ability to provide information.

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  • 15.1   Describe the major business activities and related information processing
  • Accounting
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14.1   Describe the major business activities and related information processing operations performed in the production cycle. 1) The AIS compiles and feeds information among the business cycles. What is the relationship between the revenue and production cycles regarding the exchange of information? A) The revenue cycle provides sales forecast and customer.

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  • 14.1   Describe the major business activities and related information processing
  • Accounting
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19.1   Develop REA data models for a variety of organizations besides retail stores. 1) Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying A) internal controls. B) job descriptions. C) proper supervision. D) segregation of duties. 2) Many companies sell software, music, or digital photographs over.

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  • 19.1   Develop REA data models for a variety of organizations
  • Accounting
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16.1   Describe the information processing operations required to update the general ledger and to produce reports for internal and external users. 1) The general ledger and reporting system consists of the ________ involved in ________ the general ledger and ________ reports. A) business transactions; updating; processing B) data processing; business transactions.

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  • 16.1   Describe the information processing operations required to update the
  • Accounting
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11) The expenses associated with disposal of defective products are ________ costs. A) prevention B) inspection C) internal failure D) external failure 12) In addition to identifying and dealing with defective products before they reach customers, quality management is concerned with initiating process changes that will reduce the number of defective units produced. All other.

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  • 11) The expenses associated with disposal of defective products ________
  • Accounting
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18.1   Integrate separate REA diagrams for individual business cycles into a single, comprehensive organization-wide REA diagram. 1) Integrating separate REA diagrams developed for individual transaction cycles into a single, comprehensive enterprise-wide data model A) is possible. B) requires understanding what the cardinalities in each separate diagram reveal about the organization's business policies.

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  • 18.1   Integrate separate REA diagrams for individual business cycles into
  • Accounting
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16.4   Discuss how tools like responsibility accounting, balanced scorecards, and graphs can be used to provide information managers need to effectively monitor performance. 1) The ________ is the managerial report that shows planned cash inflows and outflows for major investments or acquisitions. A) journal voucher list B) statement of cash flows C) operating.

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  • 16.4   Discuss how tools like responsibility accounting, balanced scorecards, and
  • Accounting
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16) At the end of each production run, preventive maintenance is done on the assembly line. The expenses associated with this maintenance are ________ overhead. A) batch-related B) product-related C) company wide D) department-based 17) Which of the following is not a benefit of activity-based costing? A) lower cost B) better decisions C) improved cost management D) identification of.

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  • 16) At the end of each production run, preventive maintenance
  • Accounting
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31) Explain a completeness check. 32) Constructing a well-structured, well-developed REA diagram eliminates which anomaly problem(s)? A) update B) insert C) delete D) all of the above 33) How many tables are needed to implement an REA data model that has four distinct entities, three M:N relationships and one 1:N relationships in a relational database? A) 5 B).

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  • 31) Explain a completeness check. 32) Constructing a well-structured, well-developed REA
  • Accounting
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16) Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as A) computer integrated manufacturing (CIM). B) lean manufacturing. C) Six Sigma. D) computer-aided design (CAD). 17) Direct labor must be tracked and accounted for as part of the production process. Traditionally, direct labor.

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  • 16) Using technology such as robots and computer-controlled machinery to
  • Accounting
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