MCQs - Chapter 2
Chapter 2 - Automated Business Processing
MCQ Type Questions:
(1)Which
of the following is not a part of Inventory Master
Data?
(a)Storage Units
(b)Stock Items
(c)Warehouse
(d)Payroll Details
(2)Which of the
following is wrong statement about Back End?
(a)direct
communication with user
(b)involved in data processing
(c)direct communication with frond end
(d)report generation
(3)What is the
impact if Cash ledger is grouped under other income:
(a)It will appear in balance-sheet as it is cash ledger.
(b)It will appear
in profit and loss account
(c)It will not appear anywhere. It shall still be considered in balance sheet as it is a cash
ledger
(d)Software will prevent such error.
(4)Which of the
following is the first step of accounting flow process ?
(a)posting
(b)trial balance
(c)transactions
(d)voucher entry
(5)Which of the
following is not the voucher type of payroll module?
(a)attendance
(b)payroll
(c)purchase
(d)none of the above
(6)Which of the following is a foremost feature of Integrated ERP
System?
(a)Decentralised data maintenance by each department
(b)Centralised
Database
(c)Lack of direct inter department communication
(d)Not able to integrate various business modules
(7)What is the
full form of ERP?
(a)Employee Resource Policy
(b)Enterprise Resource Points
(c)Enterprise Resource Policy
(d)Enterprise
Resource Planning
(8)Software
application is installed in:
(a)hard disk of
the computer
(b)Web server
(c)cloud
(d)Website
(9)Which of the
following is not the advantage of ERP system?
(a)ability to integrate different modules.
(b)ability to customize as per requirement.
(c)reduced data
security and application controls.
(d)strong reporting capabilities.
(10)Which of the
following is not the risk in an ERP environment?
(a)Risk of unauthorised changes in data.
(b)Risk of data leakage.
(c)Risk of
decentralized database.
(d)Risk of loss of data.
(11)Which of the following is not the benefit of CRM module?
(a)Optimize marketing
(b)Better communication
(c)Improve cross-selling
(d)Estimate
re-order level
(12)Which of the following is not the function of Human Resource
module?
(a)Employee database
(b)Database of
high value customers
(c)Attendance record
(d)Payroll record
(13)Which of the following is not the sales & distribution process?
(a)Sales order
(b)Material delivery
(c)Purchase
requisition from production department
(14)Which of the following module tracks financial data across
organization?
(a)Sales & distribution module
(b)Material management module
(c)Financial
accounting module
(d)Human Resource Module
(15)Which of the following module is somehow connected with all other
modules?
(a)Human Resource Module
(b)Purchase Module
(c)Financial
accounting module
(d) Sales & distribution module
(16)Extract, Transform
& Load (ETL) is a process followed in:
(a)Enterprise
Reporting
(b)Stock Management
(c)Sales Accounting
(d)Financial Accounting
(17)Which of the following is not an attribute of Information?
(a)Availability
(b)Confidential
(c)Accurate
(d)Inadequate
(18)Which of the following is not a criteria for making information
useful?
(a)Relevant
(b)Numerical
(c)Accurate
(d)Timely
(19)Which of the following is a criteria for making information useful?
(a)Qualitative data
(b)Numerical data
(c)Structured data
(d)Quantitative data
(20)Full form of OLAP
is:
(a)Online Analytical Price
(b)Offline Analytical Price
(c)Online Analytical
Processing
(d)Offline Analytical Processing
(21)Which of the following is not an advantage of data analytics initiatives?
(a) driving new revenues
(b)improves operational
efficiency
(c)improves decision making
(d)loosing competitive advantage
(22)Which of the following is not a BI tool?
(a)data mining
(b)predictive analysis
(c)data capturing
(d)text mining
(23)Which of the following is not an advantage of BI tool?
(a)improved decision making
(b)improved business processes
(c)driving new revenues
(d)improved
employee turnover
(24)Which of the
following uses XBRL:
(a)Regulatory bodies only
(b)Data providers only
(c)Analyst & Investors only
(d)All of above
(25)What is XBRL
tagging?
(a)XBRL Tagging is the process by which any financial data is tagged with the most relevant element in an accounting taxonomy.
(b) XBRL Tagging is the
process by which any financial data is tagged in ascending order of appearance.
(c) XBRL Tagging is the
process by which any financial data is tagged in descending order of
appearance.
(d)XBRL Tagging is the process
by which any financial data is tagged with random element in an accounting
taxonomy.
(26)Which of the
following is not a feature of XBRL?
(a)Clear Definitions
(b)Single language
support
(c)Testable business rules
(d)Strong software support
(27)Generally, organizations do not communicate with their all
stakeholders about:
(a)mission, vision,
objectives, and strategy
(b)risk management &
governance structure
(c)confidential business documents
(d)financial, social, and
environmental performance.
(28)Which of the
following is an advantage of integrated accounting & tax software ?
(a)more ease of operation as compared to only tax compliance software.
(b)more system
features as compared to only tax compliance software.
(c)more accurate
flow of information as compared to only tax compliance software.
(d)less costly as compared to only tax compliance
software.
(29)What is not a
part of Inventory Master Data?
(a)Stock Item
(b)Stock Group
(c)Salary
Structure
(d)Godowns
(30)Which of the
following is a main characteristic of Integrated ERP System?
(a)Separate data maintenance by each department
(b)Centralised
Database
(c)No direct inter department communication
(d)None of the above
(31)ERP stands for
.
(a)Enterprise Resource Policy
(b)Enterprise Rating Points
(c)Enterprise Report Presentation
(d)Enterprise
Resource Planning
(32)Which of the
following about Back End is false?
(a)communicates
with user directly
(b)Processes the data
(c)Communicates with front end directly
(d)Generates the report
(33)XBRL is used
by
.
(a)Government only
(b)Accountants only
(c)Investors only
(d)All of above
(34)If Cash ledger
is grouped under Indirect income, .
(a)It shall be
displayed in profit and loss account
(b)It shall still be considered in balance sheet as it is
a cash ledger
(c)Software shall show error message
(d)None of above
(35)Which sentence
is true about installed software application?
(a)It is installed
on the hard disc of the computer of the user
(b)It is installed on the web server
(c)It is installed on cloud
(d)It is installed on a website
(36)Extract
Transform Load (ETL) is a part of .
(a)Business
Reporting
(b)Inventory Accounting
(c)Financial Accounting
(d) Payroll Accounting
(37)OLAP stands
for .
(a)Offline Analytical Processing
(b)Online
Analytical Processing
(c)Online Analytical Product
(d)Offline Analytical Product
(38)Which of the following
is not an attribute of Information?
(a)Availability
(b)Mode and Format
(c)Completeness
(d)Inadequacy