Answer the following and explain it why

1.) Is a collection of information pertinent to the organization's business practices and operations.

a. Procedure and Instructions

b. People

c. Processors

d. Database

2.) Individual boxes where in data inputted in formula bar shows are called _____________ *

a. Tabs

b. Cells

c. Formula Bar

d. Graphs

3.) A Corp. produced 20,000 units. With the following costs: Direct Materials: P 50,000, Direct Labor: P 30,000, Variable Factory Overhead: P 20,000, Fixed Factory Overhead : P 25,000, Variable Admin costs: P 5,000, Fixed Admin costs: P 10,000. Under the Full Costing Method, what is the cost of goods manufactured if the work in process inventory increased by 20,000 *

a. P 85,000

b. P 110,000

c. P 120,000

d. P 105,000

4.) ____________ is a new technology where in storage is housed through the internet where physical equipment for storage is owned by the owner of such.

a. Hard Drive

b. Cloud Storage

c. Disk Drive

d. Floppy Disks

5.) Information that is complete, free from error and neutral provides ___________ in information.

a. Relevance

b. Usefulness

c. Reliability

d. Transparency

6.) ______________ an all-encompassing management software that integrates the function of each component of your business.

a. MIS

b. AIS

c. Block Chain

d. ERP

7.) What mixed cost segregation technique requires the use of observation and judgment to split variable and fixed components of a mixed cost

a. Scattergraph Method

b. Least Squares Regression

c. High Low Method

d. Top down Method

8.) Is a spreadsheet an ERP System?

a. Yes, due to the fact that it organizes data into digestible information

b. Yes, because of it is a software

c. No, Because it is only catered to the organization of data and not the process of it into information

d. No, I hate meme

9.) A contract is voidable due to?

a. Dolo Incidente

b. Dolo Causante

c. Compensatio Morae

d. Those undertaken by a guardian

10.) One other important thing to consider when selecting a business management ERP system is ___________________.

a. The name of the system

b. The interface with the Gaming Computer

c. The people who will see the system

d. The interface with spreadsheet software

11.) Primary purpose of _________________ is to organize and categorize data into a logical format.

a. Excel

b. Google Sheets

c. Spreadsheet

d. Microsoft Word

12.) Internal Control Serves as a _________________________________.

a. support the stewardship function of management.

b. support management decision making.

c. preventive and detective measure for reliability of data

d. preventive and detective measure for relevance of data

13.) Determine the invalid statement amongst the 4.

a. A general partner can become a limited partner upon agreement of the partners

b. A limited Partner can be an industrial Partner

c. A limited partner can be admitted to a general partnership

d. An industrial partner can be exempted from loses but not the profits

14.) Exporting Data entails _________________________

a. Transferring data from one ERP to another

b. Transferring Information from one ERP to a Spreadsheet

c. Transferring data from one software to another

d. Transferring source codes from one app to another

15.) ________ is anything we wish to embed in a system for some process into information.

a. Input

b. Output

c. Data

d. Process

16.) DAUD, DAIF, NSF are terms related to?

a. Rescinding of Contracts

b. Extinguishment of Obligation

c. Corporate Cheques

d. Rights of a stock owner

17.) A owes B Php.11,000 due on July 2, 2016. B owes A Php 6,000 due on July 3, 2016 and Php 4,000 due on July 10, 2016. B owes C Php 11,000 due on July 3, 2016. On July 3 2016 B cannot pay C so B assigns to C her credit of Php 11,000 against A, without the knowledge of A. On July 10, 2016 C tries to collect from A the 11,000. What type of extinguishment of obligation did B did for his obligation to C.

a. Cession

b. Confusion or Merger of Rights of debtor and creditor

c. Application of Payments

d. Compensation

18.) The body of the spreadsheet is called _________ *

1 point

a. Tab

b. Excel

c. Worksheet

d. Data

19.) Can you hyperlink data online that can perpetually update itself using a spreadsheet?

a. Yes

b. No

c. Maybe

d. Dunno

20.) _________ is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data.

a. Management Information System

b. Accounting Information System

c. Oracle E-Business Suites

d. Enterprise Resource Planning

21.) A owns a property which he rents out to tenants. On April 2019 he left the PH to Us without appointing and administrator/ caretaker. B a friend of A's concerned about the state of the property manages it in his absence. The obligation of A to B to compensate him is called _____________

a. Culpa Acquillana

b. Mora Accipiendi

c. Quasi Contract

d. Solutio Indebiti

22.) What can a company do if it's ERP system cannot provide the report they need?

a. Get a new system that can create such report

b. Force the developers to add the function

c. Use another readily available system that can create the report

d. Do not make the report

23.) Place or specific tab for inputting of data or formula

a. Formula Bar

b. Sheet

c. Tab

d. Worksheet

24.) In order to double check the veracity and accuracy of data inputted, duplicates must be eliminated. How can one identify duplicate data from thousands of raw data?

a. By using magic

b. By highlighting each individual cell by a color

c. By filtering out each unique value and checking if there are duplicates

d. By using conditional formatting function

25.) The shortcut to highlight all cells in a spreadsheet is

a. Ctrl + A

b. Ctrl + Del

c. Alt + Shift

d. Alt + Tab

26.) These activities are implemented by department heads and supervisors, the lowest-level managers in an organization. Their aim is to achieve specific tasks assigned to them by middle management.

a. Operational Control

b. Management Control

c. Executive Control

d. Supervisory Control

27.) There shall be no reformation of contract except for:

a. In Testamentary Wills

b. Simple Donation intervivos without any conditions imposed

c. A contract of mortgage drafted as a contract of sale

d. A contract for the sale of the SUN

28.) For the purpose of internal control a company will always need an internal control department to oversee and report findings. Is this statement true?

a. Yes

b. No

c. No, It depends on the size of a company.

d. Add new option: _________________________________

29.) The methods for retrieving and processing data is called

a. Procedure and Instructions

b. People

c. Processors

d. Database

30.) The MIS can only be used by the finance department.

a. True, due to their understanding of the field

b. True, due to their acquired degree in college

c. False, management is not a finance only concern

d. False, i have no idea why

31.) IF Functions can be used to identify the characteristics of the data within a highlighted cell by _______________

a. Comparing the highlighted cell to another

b. Providing a logical test for the cell to be processed through

c. By highlighting the cell if its true or false

d. If Mali Or tama

32.) Using Google Sheet, the shortcut on your keyboard to highlight one column is ____________

a. Ctrl + Space

b. Ctrl + Space + Del

c. Ctrl + Alt + Tab

d. Mag mouse na lng

33.) There being no stipulation and if the undertaking is to deliver a determinate thing, the payment shall be made _______________________ *

a. At the domicile of the debtor

b. At the domicile of the creditor

c. Wherever the thing might be at the constitution of the contract

d. Wherever the thing might be at the fulfillment of the obligation

34.) Can you automate data process in a spreadsheet?

a. No, I don't want to

b. Yes, with formulas and function

c. No, functions and formulas are limited

d. Yes, ERP are expensive

35.) To highlight multiple cells you _____________________________________________________________ *

a. Use your mouse

b. Hold right click on the mouse and highlight required cells

c. Left click once each cell required to be highlighted

d. Hold Ctrl on your key board and navigate from cell to cell

36.) What type of document serves both the Payables Information System and the Warehousing/ Inventory Management Information System

a. Sales Order

b. Purchase Order

c. Original Receipt

d. Invoice

37.) ____________ is a repository data *

a. Input

b. Output

c. Storage

d. Process

38.) Accountants have a big role in translating processed information into digestible and useable information by management. Is it necessary for the person translating to be accountants? *

a. Yes, it is mandated by the accounting law of 2004 in the philippines

b. No, because accountants are costly

c. No, because accountants are not the only ones capable of such

d. Yes, because the expertise and knowledge required for such is only acquired by accountants

39.) The usefulness of spreadsheets are the following except:

a. Business Administrative Tasks

b. Generating Reports and Charts

c. Budgeting and Spending Help

d. Can be Pirated

40.) Within the revenue cycle, requires information in which managers will set sales targets for the objective of income to be achieved. What information is useful for this? *

a. Sales Forecasts

b. Break Even Sales for the Monthly (Inventory or Production Output)

c. Target Capital Increase

d. All of these is useful

41.) Stewardship refers to management's responsibility to properly manage, use and allocate there sources of the firm. With the introduction of _____________________. This will be automated and streamlined for *

a. Accounting Information System

b. Management Information System

c. Information Technology

d. Procedure integration

42.) The shortcut on a keyboard to highlight one entire row for excel is *

a. Ctrl + Space

b. Shift + Space

c. Ctrl + Up Arrow

d. Ctrl + Down Arrow

43.) Book-keeping activities must be __________ and ____________ from the functional areas of operations that manage and maintain custody of physical resources for use in a companies day to day operations. *

a. Separate

b. Recorded

c. Economic

d. Interdependent

e. Validated

f. Referenced

g. Originate

h. Optional

44.) There are many uses for exported data, except: *

a. Specific Management Dashboard

b. Specific Management Report

c. Improve efficiency and detail of inputs in ERP

d. Required by external Auditors

45.) In Microeconomics, what will affect the demand of a product rather than its supply? *

a. Price of the product

b. Household Income

c. Labor Efficiency

d. Costs Efficiency

46.) It is a system composed of people and computers that processes or interprets information. *

a. Information System

b. Accounting Information System

c. Management Information System

d. Dota 2

47.) By using pivot tables one can ____________________________ *

a. Summarize data into digestible information

b. Summarize data for to be able to create graphs

c. Summarize data for use in interfacing to other systems

d. Para pretty