Invoice and Revenue Cycle
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Chap 10 Revenue Cycle ANGEL AVAKIAN | Started: May 5, 2012 11:45 AM | Questions: 35 | | |
1. ais11r 10-2 (Points: 1) | | The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for those sales. With whom is the primary external exchange of information?
a. competitors
b. customers
c. marketing organizations
d. creditors
| | Save Answer | | 2. ais11r 10-15 (Points: 1) | | The maximum allowable account balance for a given customer is called the
a. credit limit.
b. backorder point.
c. credit checkpoint.
d. reorder point.
| | Save Answer | | 3. ais11r 10-66 (Points: 1) | | Which of the following is an example of a wireless technology used to increase the efficiency of picking and packing products for shipment?
a. laser scans
b. RFID
c. Bar codes
d. OCR
| | Save Answer | | 4. ais11r 10-65 (Points: 1) | | In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. The customers are provided with a remittance advice, which is a
a. confirmation of the firm 's privacy policy.
b. turnaround document.
c. warning that failure to pay by the due date will result in a late charge.
d. bill.
| | Save Answer | | 5. ais11r 10-22 (Points: 1) | | Once a customer order has been approved, which document is produced next?
a. the packing slip
b. the sales invoice
c. the purchase order
d. the remittance advice
| | Save Answer | | 6. ais11r 10-28 (Points: 1) | | A company uses an invoice method whereby customers typically
Top of Form
Chap 10 Revenue Cycle ANGEL AVAKIAN | Started: May 5, 2012 11:45 AM | Questions: 35 | | |
1. ais11r 10-2 (Points: 1) | | The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for those sales. With whom is the primary external exchange of information?
a. competitors
b. customers
c. marketing organizations
d. creditors
| | Save Answer | | 2. ais11r 10-15 (Points: 1) | | The maximum allowable account balance for a given customer is called the
a. credit limit.
b. backorder point.
c. credit checkpoint.
d. reorder point.
| | Save Answer | | 3. ais11r 10-66 (Points: 1) | | Which of the following is an example of a wireless technology used to increase the efficiency of picking and packing products for shipment?
a. laser scans
b. RFID
c. Bar codes
d. OCR
| | Save Answer | | 4. ais11r 10-65 (Points: 1) | | In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. The customers are provided with a remittance advice, which is a
a. confirmation of the firm 's privacy policy.
b. turnaround document.
c. warning that failure to pay by the due date will result in a late charge.
d. bill.
| | Save Answer | | 5. ais11r 10-22 (Points: 1) | | Once a customer order has been approved, which document is produced next?
a. the packing slip
b. the sales invoice
c. the purchase order
d. the remittance advice
| | Save Answer | | 6. ais11r 10-28 (Points: 1) | | A company uses an invoice method whereby customers typically