Accounting Information Systems: The Processes and Controls, 2nd Edition

END OF CHAPTER MATERIAL

CONCEPT CHECK

1. Manufacturing has changed in recent years as a result of each of the following factors except
   1. globalization
   2. technological advances
   3. increased competition
   4. lack of economic prosperity
2. The term conversion processes is often used synonymously with
   1. operations
   2. production
   3. manufacturing
   4. all of the above
3. Which of the following activities is not part of the planning component of the logistics function?
   1. Research and development
   2. Capital budgeting
   3. Human resource management
   4. Scheduling
4. Which of the following activities is an inventory control activity?
   1. Engineering
   2. Maintenance
   3. Routing
   4. Quality control
5. Which of the following statements concerning an operations list is true?
   1. It is an engineering document that describes the chain of events within a company's conversion process.
   2. It is an engineering document that specifies the descriptions and quantities of component parts within a product.
   3. It is a capital budgeting document that describes the chain of events within a company's conversion process.
   4. It is a capital budgeting document that specifies the descriptions and quantities of component parts within a product.
6. Which of the following terms relates to the control of materials being held for future production?
   1. Routing
   2. Work-in-process
   3. Stores
   4. Warehousing
7. Which of the following questions is most likely to be found on an internal control questionnaire concerning a company's conversion processes?
   1. Are vendor invoices for materials purchases approved ...