Organizational Structure and Accounting Information System Quiz
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Questions and Answers

What is the primary task of the Receiving sub-function in materials management?

  • Accepting the inventory previously ordered by Purchasing (correct)
  • Ordering inventory from vendors
  • Managing financial resources
  • Releasing resources into the production process
  • Which function deals with the strategic problems of product promotion and market research?

  • Distribution
  • Production
  • Marketing (correct)
  • Personnel
  • What is the main responsibility of the Personnel function in a business?

  • Managing financial resources
  • Recording financial effects of economic events
  • Handling inventory levels
  • Hiring and managing employees (correct)
  • Which sub-function in materials management is involved in the conversion cycle using raw materials and labor to create finished products?

    <p>Production</p> Signup and view all the answers

    In materials management, what does the Distribution function primarily focus on?

    <p>Getting the product to the customer after a sale</p> Signup and view all the answers

    What key role does Accounting play in transaction processing?

    <p>Capturing and recording financial effects of economic events</p> Signup and view all the answers

    Which functional area plans and controls a company's materials inventory?

    <p>Materials Management</p> Signup and view all the answers

    In a manufacturing firm, which resources are typically managed by the functional segments?

    <p>Materials, labor, financial capital, information</p> Signup and view all the answers

    Which of the following functional areas is unnecessary for a public water company?

    <p>Marketing</p> Signup and view all the answers

    What is the primary responsibility of the Marketing function in a business organization?

    <p>Selling products and services</p> Signup and view all the answers

    Which area of a business organization focuses on managing staffing, training, and employee relations?

    <p>Personnel</p> Signup and view all the answers

    What functional area in a business organization is responsible for overseeing the movement of goods from production to consumers?

    <p>Distribution</p> Signup and view all the answers

    What type of information flow is described as supporting operations-level tasks with highly detailed facts about many business transactions?

    <p>Horizontal flow</p> Signup and view all the answers

    Which management level is directly responsible for day-to-day operations?

    <p>Frontline management</p> Signup and view all the answers

    What type of information flow involves instructions, quotas, and budgets flowing from senior managers down to junior managers and operations personnel?

    <p>Vertical flow</p> Signup and view all the answers

    Which external users are mentioned as having exchanges with the business in the text?

    <p>Suppliers and customers</p> Signup and view all the answers

    Who are the stakeholders, customers, and suppliers considered in the context of information exchange?

    <p>Both internal and external users</p> Signup and view all the answers

    Which information flow is crucial for short-term planning and coordination of activities to achieve organizational objectives?

    <p>Vertical flow</p> Signup and view all the answers

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