AIS CH 9.10.11.17,AND QB

Question 1

Who in the company should have access to an employee's master data?

Accepted Answer

Only HR personnel

Question 2

What are the two inevitable events that HR must manage in the context of employee termination?

Accepted Answer

Death and retirement.

Question 3

Who is responsible for receiving and tagging fixed assets in the acquisition process?

Accepted Answer

Someone outside the purchasing department

Question 4

What is the main role of a statistician in data analytics?

Accepted Answer

Applying mathematical methods and quantitative analysis to data

Question 5

Which of the following activities does NOT result in an accounting transaction?

Accepted Answer

Selecting vendors, Negotiating contracts and payment terms, Ordering raw materials

Question 6

Which sequence of steps is followed in the accounting cycle?

Accepted Answer

Chart of Accounts, Transactions, Adjustments,, Adjusted Trial Balance, Financial Statements

Question 7

In linear regression, what is an independent variable?

Accepted Answer

The factor that may influence the dependent variable

Question 8

What is the role of the fixed asset accountant in the acquisition process?

Accepted Answer

To record fixed assets in the system

Question 9

Which of the following is a description of a production report?

Accepted Answer

A long-term production plan detailing what will be produced and when

Question 10

What is the goal of predictive analytics?

Accepted Answer

To predict future events and trends based on historical data

Question 11

Why is payroll considered the most important part of the payroll business process?

Accepted Answer

it ensures employees are paid on time and accurately

Question 12

What are the main stages in evaluating employees, and what is the purpose of onboarding?

Accepted Answer

Onboarding, performance evaluations, and termination., Onboarding helps new employees adjust to

Question 13

What is "supervised learning" in machine learning?

Accepted Answer

The algorithm uses labeled data and human intervention to classify data

Question 14

What is the correct sequence to record the sale of inventory?

Accepted Answer

Invoice > Receive payment

Question 15

What are pre-tax accounts, and can you list some examples of such accounts?

Accepted Answer

Ex: a traditional 401(k), 403(b), and IRA., Investment accounts where contributions are made with untaxed money.

Question 16

What is the best control activity to prevent unauthorized purchases from unauthorized vendors?

Accepted Answer

Separating duties related to ordering goods

Question 17

What is the primary role of a data analyst?

Accepted Answer

Collecting data and performing technical analysis of business processes

Question 18

What is the purpose of fixed asset reconciliation?

Accepted Answer

To verify that asset purchases align with company records

Question 19

What are the source documents of the production scheduling process?

Accepted Answer

Production schedule, orders, material, and production reports

Question 20

What does a Bill of Operations (BOO) describe?

Accepted Answer

The sequential steps involved in manufacturing a product

Question 21

Which of the following financial statements require adjusting entries before they can be prepared?

Accepted Answer

Income statement, balance sheet, cash flow

Question 22

What is a digital factory?

Accepted Answer

A connected, networked, fully integrated system that minimizes downtime

Question 23

What are some common reports related to employee termination, and why are they important?

Accepted Answer

type of termination (voluntary, involuntary) and turnover rate, Total number of completed terminations

Question 24

What is the primary responsibility of a business analyst?

Accepted Answer

Analyzing data to find trends and communicate key metrics to stakeholders

Question 25

What is turnover rate, and why is it a key metric in HR management?

Accepted Answer

Turnover rate is the number of employees who leave the company

Question 26

Which of the following job titles is responsible for building technological infrastructure and storing raw data?

Accepted Answer

Data Engineer

Question 27

What types of reports are important for purchasing activities?

Accepted Answer

purchase orders, vendor performance, and order status.

Question 28

What are the four main tasks in payroll processing?

Accepted Answer

Enter time, pay employees, handle payroll liabilities, process payroll

Question 29

What are the different types of employee termination processes, and how do they differ from one another?

Accepted Answer

retirement, and death., Voluntary resignation, involuntary resignation (firing or layoff)

Question 30

What are the stages of the fixed asset acquisition process?

Accepted Answer

recording, and reconciliation, Fixed asset procurement, receiving and tagging

Question 31

What is the definition of supply chain management?

Accepted Answer

this process oversees the life cycle of a product, from procuring raw materials through customer sales.

Question 32

What is the definition of the master production schedule (MPS)?

Accepted Answer

with resources and workers assigned to all resources, A schedule where every production operation is planned at a specific time

Question 33

Which of the following describes "descriptive analytics"?

Accepted Answer

Using data to explain past events

Question 34

Learn Slide 8th

Accepted Answer

True

Question 35

What does the Master Production Schedule (MPS) involve?

Accepted Answer

A build plan that compiles planned orders into a short term schedule.

Question 36

At which stage in the business process does the HR function typically fall, and why is it important within that stage?

Accepted Answer

HR falls under the acquisition and payment process stage

Question 37

Which of the following is the correct order of the manufacturing conversion process?

Accepted Answer

product development, production planning, manu operations and quality mgmt

Question 38

What is "unsupervised learning" in machine learning?

Accepted Answer

Using algorithms to analyze data without human intervention

Question 39

What distinguishes a data scientist from other data-related roles?

Accepted Answer

Data scientists design and program algorithms to handle large data

Question 40

What does a Bill of Materials (BOM) list include?

Accepted Answer

Raw materials, steps, and parts needed to manufacture a product

Question 41

What is "machine learning" in the context of data analytics?

Accepted Answer

Using algorithms and statistical models to teach an AI system through data

Question 42

In the accounting cycle, which phase requires adjusting entries?

Accepted Answer

4th

Question 43

Which tax form summarizes employee wages and tax payments?

Accepted Answer

W-2 Wage and Tax Statement

Question 44

How can companies control the risk of capitalizing an item that is not a fixed asset?

Accepted Answer

By establishing clear criteria for what constitutes a fixed asset

Question 45

Which of the following are examples of indirect factory labor?

Accepted Answer

Quality control inspectors, maintenance personnel, inventory staff

Question 46

What are payroll tax liabilities?

Accepted Answer

Taxes withheld, such as federal income tax and state tax

Question 47

What type of analytics answers the question, "Why did it happen?"

Accepted Answer

Diagnostic analytics

Question 48

Which confidence interval is preferred for forecasting?

Accepted Answer

95% confidence interval

Question 49

In a manual accounting system, which comes first: debit or credit?

Accepted Answer

debit

Question 50

What is anomaly detection (also known as outlier analysis)?

Accepted Answer

Identifying data points that deviate significantly from normal behavior

Question 51

What does geospatial analytics involve?

Accepted Answer

Using satellite imagery and geographic data to analyze spatial information

Question 52

Which list is used when entering inventory transactions?

Accepted Answer

Vendor, customer, products, and services lists

Question 53

What are the source documents used in the manufacturing operations process?

Accepted Answer

Job time tickets and production reports

Question 54

What may result from inadequate product cost recording?

Accepted Answer

Error, fraud, or financial losses

Question 55

Which list contains employee information?

Accepted Answer

employee list

Question 56

When is the bank deposit used?

Accepted Answer

When payments to deposit are selected upon receiving payment

Question 57

What are the three goals of manufacturing efficiency

Accepted Answer

Controlling the costs of resources, rate of production, and quality of finished goods

Question 58

Define the Human Resource (HR) business function. What are its primary responsibilities?

Accepted Answer

Hiring recruiting training managing employee relations, maintaining employee master data

AIS CH 9.10.11.17,AND QB

Questions 58

AIS CH 9.10.11.17,AND QB

Questions 58