1.15 In addition to accounting systems, which of the following are members of enterprise systems? a. SCM and OPS b. CRM and SCM c. HRM and Financial d. SCM, OPS, CRM, and HR 1.16 The value chain is useful for: a. Coordinating accounting system activities. b. Coordinating activities with suppliers and customers c. Linking business values like a chain. d. Everything we do in a business. 1.17 In businesses, the system that supports financial and accounting activities in an organization is often called: a. Accounting system b. General ledger c. Enterprise accounting system d. All of the above 1.18 In which of the baseline accounting system modules are pay employee and pay payroll liabilities included? a. Employee module b. Reports module c. Banking module d. All of the above 1.19 Which of the following modules are included in the purchasing cycle? a. Vendors and customers b. Vendors and banking c. Employees and vendors d. Vendors, banking, and reports 1.20 In the accounting systems context, which of the following is NOT correct? a. To understand accounting, the accountant today must understand databases. b. Most accounting information is not entered using debits and credits. c. The accounting information system is used to perform accounting activity faster. d. Business intelligence provides organizations with a competitive advantage. 1.21 The three key factors that impact the accounting system are: a. Customer, supplier, and employee b. People, technology, and accounting processes c. Computers, networks, and accounting software d. Business processes, database, technology 1.22 An accounting system does all the following except: a. Capture accounting information about a transaction b. Reduce the cost of accounting transactions c. Generate financial reports d. Process the captured accounting information 1.23 Which of the following is not an accounting transaction? a. Payroll cycle b. Purchasing cycle c. Accounting cycle d. Sales cycle 1.24 When IT professionals say business processes, they mean: a. Computer programs b. Accounting cycles c. Accounting modules d. Accounting system