Which statement is NOT true?

a. Business activities begin with the acquisition of materials, property, and labor in exchange for cash.

b. The conversion cycle includes the task of determining raw materials requirements.

c. Manufacturing firms have a conversion cycle but retail firms do not.

d. A payroll check is an example of a product document of the payroll system.

e. A journal voucher is actually a special source document.

A documentation tool that depicts the physical flow of information relating to a particular transaction through an organization is a

a. system flowchart.

b. program flowchart.

c. decision table.

d. work distribution analysis.

e. systems survey.

Sequential file processing will not permit a. data to be edited on a separate computer run.

b. the use of a database structure.

c. data to be edited in an offline mode.

d. batch processing to be initiated from a terminal.

e. data to be edited on a real-time basis.

The production subsystem of the conversion cycle includes all of the following EXCEPT

a. determining raw materials requirements.

b. make or buy decisions on component parts.

c. release of raw materials into production.

d. scheduling the goods to be produced.

Which of the following files is a temporary file?

a. transaction file

b. master file

c. reference file

d. none of the above