Question 1

Buyers for Payton Corporation may make purchases from any available vendor. If a vendor may combine orders received from different buyers at Payton Corporation into a single shipment to Payton, the participation cardinalities for the relationship between Purchase and Buyer for Payton Corporation must be

Accepted Answer

The answer of Buyers for Payton Corporation may make purchases...

Question 2

Which of the following events is not part of the Acquisition/Payment business process?

Accepted Answer

The Acquisition/Payment business process involves activities related to acquiring goods and services and making payments for them. Processing a customer's payment for merchandise inventory is part of the sales process, not the acquisition/payment process.

Question 3

Regardless of the type of good or service being acquired, the following are typical operating events in the acquisition/payment business process

Accepted Answer

The acquisition/payment business process involves activities related to acquiring goods or services and making payments to suppliers, such as paying a supplier for goods or services. The other options relate to the sales/collection process.

Question 4

Given the G&A Service Acquisition, Cash Disbursement and CashDisbforG&A Service Acquisition tables below, which of the following approaches would be the most valid one to create a query for accounts payable for G&A services as of July 15, 2003?

Accepted Answer

The answer of Given the G&A Service Acquisition, Cash Disbursement...

Question 5

Given the Inventory-Purchase table, a query design, and five possible query results below, which of the query results represents the answer you would obtain if you applied the query design to the Inventory-Purchase table?

Accepted Answer

The answer of Given the Inventory-Purchase table, a query design,...

Question 6

The following conceptual model representation is consistent with which statement below?

Accepted Answer

The answer of The following conceptual model representation is consistent...

Question 7

Which of the following financial statement balances is NOT affected by events that occurred in the acquisition/payment business process?

Accepted Answer

Cost of goods sold is affected by events that occurred in the production/fulfillment business process.

Question 8

Which of the following sentences best describes the depicted minimum participation of

Accepted Answer

The answer of Which of the following sentences best describes...

Question 9

The document that initiates activities in the Acquisition/Payment process and is used solely within an enterprise is the

Accepted Answer

A purchase requisition is an internal document used to request the purchase of goods or services within an organization, initiating the acquisition/payment process.

Question 10

Which of the following attributes is NOT typically assigned to the entity that represents a mutual commitment in the acquisition/payment process?

Accepted Answer

The dollar amount paid for the goods or services is typically associated with the actual economic increment event (e.g., receiving goods or services) rather than the mutual commitment event itself.

Question 11

Wildwood Enterprises has a Purchases table in its database as follows:  When a purchase is entered upon the receipt of goods, values for some of these attributes are typically left blank, at least temporarily. Which attributes are they?

Accepted Answer

The answer of Wildwood Enterprises has a Purchases table in...

Question 12

In the acquisition/payment business process, what underlying real activity does the acquisition event represent?

Accepted Answer

The acquisition event represents the act of a receiving clerk receiving goods or the act of an enterprise receiving services from a vendor.

Question 13

In the REA enterprise ontology, the act of a shipping clerk sending defective or unwanted goods back to a supplier is a(an)

Accepted Answer

An economic increment reversal event is an event that reverses an economic increment event. In this case, the shipping clerk sending defective or unwanted goods back to a supplier is an economic increment reversal event because it reverses the economic increment event of the supplier sending the goods to the customer.

Question 14

In the REA enterprise ontology, the act of an accounts payable clerk receiving a vendor invoice that summarizes information regarding the transfer of goods or services from the vendor to the enterprise is a(an)

Accepted Answer

The act of receiving a vendor invoice is an information event that provides details about a previous economic increment event, which is the receipt of goods or services.

Question 15

Which of the following entities are usually paired in a reservation relationship in the acquisition/payment business process?

Accepted Answer

The answer of Which of the following entities are usually...

Question 16

What entities and relationships from the acquisition/payment business process are likely needed for a query to identify the receiving clerk name and date associated with a specific purchase?

Accepted Answer

To identify the receiving clerk name and date associated with a specific purchase, you need the Purchase entity to identify the specific purchase, the Receiving Clerk entity to get the clerk's name, and the Participation relationship to link the purchase with the receiving clerk and date.

Question 17

What claim accrues if a cash disbursement occurs without corresponding purchases that total the cash disbursement amount?

Accepted Answer

The answer of What claim accrues if a cash disbursement...

Question 18

Which entities and relationships are typically needed to determine weighted average unit costs for purchased inventory items?

Accepted Answer

To determine weighted average unit costs for purchased inventory items, both the purchase details and the stockflow (movement of inventory) are needed to calculate the average cost based on quantities and costs.

Question 19

Which of the following entities and relationships are typically needed to fully specify a set of queries to identify unfilled (including partially filled) inventory purchase orders?

Accepted Answer

To identify unfilled or partially filled inventory purchase orders, you need entities like Purchase Order and Purchase, and relationships such as Fulfillment (to track completion status), Reservation (to track inventory allocation), and Stockflow (to track inventory movement).

Question 20

Which of the following information needs focuses on a reservation relationship in the acquisition/payment business process?

Accepted Answer

The answer of Which of the following information needs focuses...

Quiz 9: The Acquisitio/Payment Business Process