ACTY 3130 Chapter 6 SB
Match the functional area, eg., the swimlane, with the purchases and payments process activity normally performed by that functional area.
buying - place order receiving - assess items accounts payable - pay supplier
Which of the following best describes the purpose of the purchases event in the generic REA diagram of the purchase and payments process?
records information about individual purchase transactions
Which of the following best described the purpose of the employees agent in the generic REA pattern of the purchase and payments process?
records information about the enterprises' employees
For sunset graphics, an important objective for the purchase and payment process is to be sure that suppliers are paid on time so the can maintain positive long-term ___ with those suppliers
relationship
All of the following are valid purposes of intermediate timer events in BPMN except:
show an optional delay
Which of the following are steps in defining business rules to implement controls over the purchases and payments process?
(1) Define organization intentions (2) Identify important business events (3) determine appropriate actions
Which of the following provide the best interpretations of the multiplicities for the association between the cash disbursement event and the cash resource in the generic REA model of the purchase and payments process?
(1) Each cash disbursement is made from one account (2) each account can have many cash disbursements
Which of the following must be true to collapse the Purchase Order and Receipts events into one event?
(1) each purchase order results in a maximum of one receipt (2) every receipt is preceded by a purchase order (3) each receipt is a result of a maximum of one purchase order
Which of the following are true about the association between the suppliers agent and the purchases event in the generic REA model of the purchase and payments process?
(1) each purchase requires one supplier (2) each supplier may participate in multiple purchases
Which of the following are differences between UML class models of the sales and collections process and the purchase and payments process using the rea framwork?
(1) events are different (2) external agent is different
Which of the following would be present in a BPMN collaboration model of the purchases and payments process?
(1) message flows (2) two pools
Which of the following are business objectives for the purchases and payments process?
(1) purchase needed inventory (2) use reliable suppliers (3) pay suppliers on time
List the basic activities in a BPMN activity diagram in sequence
(1) request prices (2) place order (3) receive items (4) send payment
Which of the following are application controls for the purchase and payments process?
(1) system must provide purchase order number control (2) system must supply supplier return address
Which of the following are true about the multiplicities for the association between the Receipts event and the Cash Disbursement event in the purchase and payment process?
(1) the multiplicities on this association are not standard, but rather depend on the nature of the business (2) the minimum multiplicity next tot the cash disbursement event is zero (0) if suppliers can be paid after items are received
Which of the following are true about the basic REA pattern for UML class diagrams of the purchase and payments process?
(1) the value of the products resource is increased when items are received (2) the external agent is the supplier of the purchased items (3) there are two economic events: purchase receipts and cash disbursements
Refer to Figure 6.6. How many tables would be required in an Access database that implements this UML diagram
9
1..&* and 0..1
Each cash disbursement can pay for several purchases
1..1 and 0..&*
Each purchase can be paid for over time
1..1 and 0..1
Each purchase is paid separately and in full within 30 days
0..1 and 1..1
Purchases are fully paid in advance
Which of the following is not true about the REA framework?
The REA framework meets accounting but not broad management information requirements
The association between the "sunset partners" agent and the "product categories" type image shows the ___ of sunset employees to manage particular product categories
assignment
For the purchase and payment process, the two resources affected by the process events are the Products (inventory) and the ______ resources, as shown in Figure 6.5.
cash
In a UML class diagram of sunset graphics purchase and payment process, the ___ ___ event decreases cash and also decreases accounts payable
cash disbursement
In Figure 6.5, the UML class diagram of Sunset Graphics purchase and payment process, the "Purchase Orders" event is a ___________ event.
commitment
The intermediate timer event, the intermediate event with the clock hands, can indicate ___ until (1) a specific date, (2) a relative time such as 30 days, or (3) a relative repetitive date such as next Friday at noon.
delay
Which of the following is best interpretation of the standard multiplicities for the association between the purchase order event and the products resource in the purchase and payments process?
each product can be ordered many times
In the generic REA framework, the suppliers class is an example of an ________ agent
external
In BPMN 2.0, gateways do not represent activities, so the criteria for branching is assessed prior to the ___
gateway
Which of the following best describes the purpose of the cash disbursement event in the generic REA patter of the purchase and payments process?
records individual payments to suppliers
In Figure 6.4 (a BPMN activity model with pools and swimlanes showing Sunset Graphics purchase and payment process), the payment to the supplier is shown as a __ flow
message
For Sunset Graphics purchase and payment process, the appropriate multiplicities between the purchase order event and the products resource should indicate that each purchase order can request a __ of one product and a ___ of many products.
minimum; maximum
If Sunset Graphics paid for each purchase separately, the maximum multiplicity next to the purchases event would change from * to ___
one
In an REA model of the purchase and payment process, if each purchase involved only one high value item, such as a new automobile, the maximum multiplicity next to the inventory resource would be ___, and the maximum multiplicity next to the purchase event would also be ___
one; one
Which of the following is not a basic element of the purchases and payments process?
paying employees
In a BPMN activity diagram of the purchase and payments process, which of the following best indicates why Place Order is modeled as a subprocess, but Receive Items, Assess Items, etc., are modeled as activities?
place order is more complex
A generic REA model of the purchase and payment process would show two economic events: the ___ event and the "cash disbursement" event and the duality association between them.
purchase
Which of the following represents a deduction from accounts payable recorded at the time of payment?
purchase discounts
In a UML class diagram of Sunset Graphics purchase and payment process, the ___ event records the purchase of items and increases to accounts payable.
receipt
Which of the following is true about the typical multiplicities found on the association between the purchase orders event and the products resource in the purchase and payments process?
the maximum multiplicities on both sides are many (*)
Which of the following is true about the cash disbursements table's foreign keys based on a typical UML class model of the purchase and payments process using the REA framework?
there are always at least three foreign keys
Since Sunset Graphics categorizes their suppliers, the UML class model of Sunset's purchase and payment process would include a ___ image for Supplier Categories.
type
For sunset graphics purchase and payment process, the appropriate multiplicities between the purchase order event and the products resource should indicate that each product can be ordered a minimum of ___ times and a maximum of ___ times
zero; many
