ACCO 20143 – IT Application Tools in Business and Accounting

Quiz – Enterprise Systems | Business Intelligence and Analytics

For questions #1-4, identify the corresponding a) Value chain b) Business process
information inputs for each processing system: c) Business routines d) None of the above
a) Summary transaction b) Optimized for data 17. To be considered a Tier II ERP vendor, its target
data; high-volume analysis, analytic customers are medium-sized firms with annual
data; simple models model, and data gross profit in the $50M to $1B range operating out
analysis tool of one or more locations.
c) Aggregate data; d) Transactions; daily a) True b) False
external, internal events 18. The following are primary activities of a supply
1. TPS - D chain except:
2. MIS - A a) IT b) Logistics
3. DSS - B c) Sales d) Services
4. ESS - C 19. It is a series of activities that an organization
For questions #5-8, the supply the expected information performs to transform inputs into outputs in such a
output for each processing system: way that the value of the input is increased.
a) Interactive; b) Detailed reports; lists; a) Value chain b) Business process
simulations; analysis summaries c) Business routines d) None of the above
c) Projections; responses d) Summary and 20. Peeling a fresh potato’s skin for cutting into
queries exception reports shoestring fries falls under SCM.
5. TPS - B a) True b) False
6. MIS - D 21. In developing a production plan, the demand
7. DSS - A management must consider the production capacity
8. ESS – C and any seasonal variability in demand.
9. ______ is/are defined as having precise rules, a) True b) False
procedures and practices developed to cope with 22. SCM shares information about the delivery of
virtually all expected situations. products and services.
a) Processes b) None of the above a) True b) False
c) Firm d) Routines 23. Determining the right amount of products to
10. Decision making is more crucial for front-line destination with _____ amount of time and _____
personnel rather than managers. cost is the objective of the SCM systems.
a) True b) False a) lengthier, cheapest b) least, lowest
11. In data correction processing activity, codes c) longer, highest d) None of the above
associated with an individual transaction are 24. CRM systems help firms identify, attract and retain
modified against a database containing valid codes. suppliers who offer the least cost but high-quality
a) True b) False materials.
12. After being manipulated, data cannot be further a) False b) True
processed and manipulated by any other systems. 25. Demand forecasting is used to match production to
a) True b) False consumer demand.
13. The mark to market (MTM) revaluation report, a) True b) False
which reflects the current unrealized gain/loss for 26. TPS support ________ operations associated with
foreign currency conversions of a bank, falls under business processes.
this type of processing activity: a) non-routine b) routine
a) Data collection b) Data manipulation 27. The essential characteristic of this TPS is that it
c) Document d) Data processing processes transactions as they occur.
production a) OLTP b) Batch
14. All organizations must have an enterprise system to For questions #28-31, identify the most relevant
achieve competitive advantage; CBA does not apply statement for each processing systems:
since having an intact enterprise system is required. a) Revenue on ‘after b) Toyota Altis sold on
a) First statement is true; b) First statement is sales’ increased by 4% 1/15/2020 for P800k
Second statement is false; Second on Y-Y through bank
false statement is true financing
c) Both statements are d) Both statements are c) Discontinuing the d) Assessing the impact
true false manufacture of of giving P100k
15. It is a set of integrated programs that manage a Toyota Hilux by Q2 discount on spot
company’s vital business operations for an entire 2021 cash payment
organization. 28. TPS - B
a) CRM b) SCM 29. MIS - A
c) PLM d) None of the above 30. DSS - D
16. It is a set of coordinated and related activities that 31. ESS - C
takes one or more kinds of input and creates an 32. TPS capture and process the fundamental data
output of value to the customer of that process. about events that affect the organization called
ACCO 20143 – IT Application Tools in Business and Accounting
Quiz – Enterprise Systems | Business Intelligence and Analytics

transactions that are used to update the official to support routine occurrence of a
records of the organization. business activities business transaction
a) True b) False 45. Many multinational companies roll out standard IS
33. Which of the following is not one of the basic apps for all to use. However, standard apps often
components of a TPS? do not account for all the differences among
a) databases b) networks business partners and employees operating in other
c) procedures d) analytical models parts of the world. Which of the following is a
34. This involves providing feedback regarding a frequent modification that is needed for standard
potential data problem and enables users to change software?
the data. a) Software might need b) Users might also have
a) collection b) correction to be designed with to implement manual
c) editing d) processing local language processes and
35. This software is used to analyze the robustness and interfaces to ensure overrides to enable
performance of components and assemblies. the successful systems to function
a) PLM b) CAD implementation of a correctly.
c) CAE d) CAM new IS.
36. The hosted software model for enterprise software c) Customization might d) All of the above
helps customers acquire, use and benefit from new be needed to handle
technology while avoiding much of the associated data fields correctly.
complexity and high start-up costs. 46. It is a graphical representation that summarizes the
a) True b) False steps a consumer takes in making the decision to
37. The individual application modules included in an buy your product and become a customer.
ERP system are designed to support ________, the a) Word cloud b) Dashboard
most effective and efficient ways to complete a c) Conversion tunnel d) None of the above
business process. 47. KPI stands for key performance insights.
a) ideal practices b) common practices a) True b) False
c) best practices d) industry practices 48. Self-service analytics encourages nontechnical end
38. ERP software helps a customer manage all aspects users to make decisions based on intuition rather
of customer encounters, including marketing, sales, than facts and analyses.
distribution, accounting and customer service. a) True b) False
a) True b) False 49. ________ is an individual who combines strong
39. This involves capturing and gathering all the data business acumen, a deep understanding of
necessary to complete the processing of analytics, and healthy appreciation of their data,
transactions. tools and techniques to deliver real improvements
a) production b) manipulation in decision making.
c) storage d) collection a) Database manager b) Database
40. Small organizations were slow to adopt ERP systems administrator
because of the relative complexity and cost of c) Data scientist d) Data steward
implementing these systems. 50. Which of the following is not an essential
a) True b) False component for a highly effective BI program?
41. Business data goes through a cycle that includes a) Creative data scientist b) Strong data
data collection, editing, analysis, manipulation, management program
storage and document production. c) Strong management d) Current and powerful
a) True b) False commitment to data- BI and analytics tools
42. Unfortunately, there are few choices of software driven decision and software
packages that provide integrated TPS solutions for making
SMEs. 51. Most data scientist have computer programming
a) True b) False skills and are familiar with languages and tools used
43. The specific business needs and goals of the to process big data, such as:
organization define the method of transaction a) Hadoop, Hive, R b) Python, R and
processing best suited for the various application of Assembly
the company. c) Visual Basic, Java and d) PL/1, Hadoop, PHP
a) True b) False Cobol
44. Which of the following is not an objective of an 52. Your audit partner, who currently holds the 2019
organization’s batch TPS? FS, wants to know the rationale of the “lower of
a) Avoid processing b) Produce timely user cost or NRV” of the amount of the inventory in the
fraudulent transaction responses and reports balance sheet. He involved an interactive
examination of high-level summary data in
c) Capture, process and d) Ensure that data is
update databases of processed increasing detail to gain insight. What BI analytics
business data required immediately upon tool was used?
ACCO 20143 – IT Application Tools in Business and Accounting
Quiz – Enterprise Systems | Business Intelligence and Analytics

a) OLAP b) Drill-down analysis

c) Linear regression d) Dashboard
53. You are assigned to audit the PPE of your
manufacturing company client. An audit procedure
is to check whether the valuation of the recorded
PPE is to know the carrying amount. You requested
for the final balance of the PPE from the accounting
manager, which amounted to P50M, and to verify
the reliability of this figure, you requested for the
depreciation schedule to attest that the contra
asset account is correctly valuated. What BI
analytics tool did you use?
a) OLAP b) Drill-down analysis
c) Linear regression d) Dashboard
54. This BI analytics tool is used to explore large
amounts of data for hidden patterns to predict
future trends and behaviors for use in decision
making.
a) Drill-down analysis b) OLAP
c) Data mining d) Data visualization
55. A KPI is a measure that tracks progress in executing
chosen strategies to attain organizational objectives
and goals.
a) True b) False
For questions #56-57, utilizing goal seek of Excel is done
by:
56. First, selecting ________ in the menu bar, then
58. Assign cell/value in “set cell” field:
a) Formulas b) Insert
a) B16 b) B14
c) Validation d) Data
c) B3 d) 20
57. Then pressing ________  Goal Seek
59. Assign cell/value in “to value” field:
a) Data validation b) Scenario manager
a) B16 b) B14
c) What-if analysis d) Sort
c) B3 d) 20
For questions #58-60, determine the number of
60. Assign cell/value in “by changing cell” field:
units that must be sold in order to have a net
a) B16 b) B14
income of P20.
c) B3 d) 20
Assumptions: SP, COS and FC are constant.