1. Which of the following is the main purpose of payroll processing information systems?

   		Pay employees
   		Maintain employee earnings records
   		Comply government tax and reporting requirements
   		Report on deduction categories

1. Health-care entities share few characteristics with professional service organizations and not for profit institutions.

   True

   False

2. The financing process describes how a many acquires and uses such financial resources as the following except?

   		Fixed Assets
   		Cash
   		Liquid Assets
   		Investments

3. Which of the following is a part of the business process reengineering cycle?

   		Test Processes
   		Create New Processes
   		Document Business Processes
   		All the above

4. Which of the following shows how various production departments use materials?

   		Periodic Usage Reports
   		Production Cost Reports
   		Inventory Status Reports
   		Manufacturing Status Reports

5. Which of the following shows the quantities and timing of goods needed to meet quantities required for anticipated sales?

   		Master Production Schedule
   		Materials Requisition Form
   		Bill of Materials
   		Job Time Card

6. The __________ records the sale, trade, or retirement of fixed assets.

   		Fixed Asset Change Form
   		Repair and Maintenance Form
   		Fixed Asset requests
   		Receiving report Inputs to Fixed Asset Management Processing; Page 271

7. The primary accounting information needed by professional service organizations relates to:

   		Time
   		Inventory
   		Equipment
   		All the above

8. The term ______ market refers to markets or industries that are distinct int terms of the services they provide or goods they produce.

   		Vertical
   		Diagonal
   		Horizontal
   		Parallel

9. 10 points

   QUESTION 10

10. The resource management process includes human resources and

    		Intangible Assets
    		Inventory
    		Supplies
    		Fixed Assets