1) Which is a true statement regarding document flowchart?

A) A document flowchart is particularly useful in analyzing the adequacy of internal control procedures.

B) A document flowchart illustrates the sequence of logical operations performed by a computer.

C) A document flowchart is more useful than a data flow diagram.

D) A document flowchart is not normally used in evaluating internal control procedures.

4) Identify the statement below that best describes a Gantt chart.

A) a network of arrows and nodes representing project activities.

B) a bar chart with project activities on the left-hand side and units of time across the top.

C) a scatterplot diagram with activities on the Y access and dots representing the potential

expenditures of each activity.

D) a pie chart with the size of estimated expenditures represented as slices.

E) noneoftheabove

5) Relating to assignment 2, i.e. the system implementation (MYOB) assignment, which of the following is(are) false?

I. You need to input the opening balances of profit & loss and balance sheet accounts in the setup.

II. You need to create the inventory items and input the quantity on hand.

III. You need to input the open balances of outstanding supplier invoices.

IV. You need to input the open balances of outstanding sales invoices.

A) I, II and III

B) II and IV

C) IV only

D) II and III

E) I only

6) The decision of whether to sell an in-stock item (i.e. the item is available) to a customer will depend on:

A) inventory availability

B) backorder approval

C) the dependability of the supplier

D) the customers credit status

E) noneoftheabove

7) If you close your financial year in computerized accounting system, which of the following is (are) true?

I. The balance of your current-year earnings account is transferred to your retained earnings account.

II. The balances of your assets and liabilities accounts are returned to zero.

III. The balances of your income, cost of sales, expense, other income and other expense

accounts are returned to zero.

A) I and III only

B) I,IIandIII

C) IIonly

D) II and III only

E) Noneoftheabove

8) MYOBs account receivable (debtor) aging report is not used in which of the following?

A) Follow up on account receivable amounts.

B) Decide whether to accept a new customer.

C) Remind customers of the payment due dates.

D) Decide on the amount of allowance for doubtful accounts.

E) Decide whether to sell to an existing customer.

10) What is the correct sequence of the phases in systems development life cycle?

A) initial investigation, systems survey, feasibility study, information needs and system requirements, systems analysis report

B) conceptual design, physical design, system analysis, implementation and conversion, and operations and maintenance

C) system analysis, physical design, conceptual design, operations and maintenance, and implementation and conversion

D) system analysis, conceptual design, physical design, implementation and conversion, and operations and maintenance

E) conceptual design, system analysis, physical design, implementation and conversion, and operations and maintenance