1. From the perspective of an expenditure cycle, the presence of automation, as well as re-engineering are related to both the purchase order processing and cash disbursement processes. * 1 point

a. True

b. False 2. In consideration to a companys payroll system, time cards are used by the accounting department to assign labour costs to work-in-process accounts. * 1 point

a. True

b. False

3. The process of automation in accounting functions, such as an expenditure cycle, decreases the requirement for verifications since it lowers the probability of fraudulent activities and errors. * 1 point

a. True

b. False

4. The manager has asked an accountant at Hewlett-Packard Company - a renowned manufacturer of laptops, to prepare a report with a list of cash payments which are required to be disbursed in the following month for the credit purchases made by the company over the last three months. In order to prepare such report, the accountant will refer to the: * 1 point

a. Accounts payable master file.

b. Cash disbursement file.

c. Supplier/Vendor master file.

d. Merchandise inventory master file