Case 2: Answer the following questions on the Scantron sheet, using the information contained in the following case materials (narrative and flowchart). Big, Inc. Big is a major manufacturer of automobiles. This narrative describes the purchasing, accounts payable and cash disbursement process for original equipment windshields for its only supplier of windshields, Glass. Big'inventory system request the purchasing department to reorder windshields. When the PO is created a record is added to the Po file (all data is stored on magnetic disks) and an electronic transmission is sent to Glass Glass acknowledges the order (also electronically). Glass ships the order and sends an electronic invoice to Big. The electronic Invoice data is recorded to a pending invoices file When the goods arrive at Big's warehouse, a receiving clerk examines the goods and keys in the receiving data. The keying operation creates a receiving record on the receiving file and updates the PO record to reflect the receipt. Each morning, the AP clerk accesses the pending invoices file to identify invoices for which there are receiving reports and POs. The computer matches the invoice data to the PO and receiving data and displays them to the clerk. If the data does not match the clerk follows up with Glass to resolve discrepancies. If the data matches, the clerk enters the date the invoice should be paid and an authorization code for the bank to transfer payment to Glass on that date. The payment authorization is encrypted and transmitted electronically to Big's bank where it is stored until the payment date. Big Co. Computer AP Clerk CHI 31) Effectiveness goals of the accounts payable/cash disbursement system include all of the following except: a) Enough cash on hand to pay bills b) Optimize cash discounts c) Protect cash resource d) Input accuracy 32) For Big Company the control plan "Match invoice to receiving report for quantity received" is a) Present b) Missing 33) For Big Company the control plan "Encrypted data transmissions" is a) Present b) Missing 34) For Big Company the control plan "Independent authorization to make payment is a) Present b) Missing 35) The goal of the control "Independent authorization to make payment" is a) To ensure the purchase is within an applicable budget b) To ensure that the purchase is for goods the company needs c) To ensure security of resources d) To ensure there is enough cash on hand to pay the bill 36) For Big Company the control plan Match invoice to PO for authorized prices, terms, freight and discounts is a) Present b) Missing 37) For Big Company the control plan "Follow up on rejected data (rejection procedures)" is a) Present b) Missing 38) The goal of the control "Follow up on rejected data (rejection procedures)" is a) To ensure the purchase is within an applicable budget b) To ensure that the purchase is for goods the company needs c) To ensure security of resources d) To ensure there is enough cash on hand to pay the bill e) To ensure Input completeness Big Co. Computer AP Clerk Hacing Scan Inventory Route order to suppler to 's Create recling record Update POS Maleted data cena Key dates and coco Owind die ime , PO and payment into