correct answer $1$ to $8.$

Question $3$

Which of the following methods would best help a company that is having trouble tracking its

open invoices and having trouble paying the invoices in time to take advantage of the

discount period?

A$.$ Utilizing three$-$way matching invoice settlement

B$.$ Utilizing specific invoicing settlement

C$.$ Utilizing tickler files for open invoices

D$.$ Utilizing a voucher system

E$.$ None of the above Question $4$

In the excerpt of the Record Cash Collections data flow diagram depicted below, which of the

following is the data flow that is not labeled?

A$.$ Sales invoice

B$.$ Payment receipt or statement

C$.$ Customer payment $($or credit card data$)$

D$.$ General ledger cash receipts data

E$.$ Both A and $B$ Question $5$

In our segregation of duties discussions, we have distinguished between custodial,

recordkeeping and authorization activities when considering information processing. The

collection of cash payments in the order$-$to$-$cash business process is considered which of the

following activities?

A$.$ Custody

B$.$ Recordkeeping

C$.$ Authorization

D$.$ Both custodial and recordkeeping

E$.$ Both recordkeeping and authorization

Question $6$

A sales order is considered closed once it is

A$.$ Paid

B$.$ Shipped

C$.$ Billed

D$.$ Both A and $B$

E$.$ Both B and CQuestion $7$

During the Process Sales Order information process, the inventory master data store is

updated to reflect

A$.$ A rejection of an order due to insufficient inventory

B$.$ A hold on the inventory promised for the order

C$.$ A shipment of inventory related to the order

D$.$ A shipment of inventory received from a vendor

E$.$ A purchase of inventory that is available to sell

Question $8$

The

is used as an authorization to obtain the goods from the warehouse facility

and prepare them for shipment to the customer.

A$.$ packing slip

B$.$ valid open sales order

C$.$ picking slip

D$.$ both $B$ and $C$ could be used

E$.$ Any of the above could be used as authorization to obtain the goods which is the correct answer?