Tag: commercial studies

Questions Related to commercial studies

One of the following is a correct cosquence of the destruction of forests.

commercial studies forest : our life afforestation deforestation and its effect deforestation

  1. forest products become scarce

  2. quality of soil is degraded

  3. water resources get depleted

  4. fertility of soil increases

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Correct Option: A,B,C

Secrecy of data and software can be better maintained in ______ software.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Recording

  2. Ready-to-use

  3. Customised

  4. None of the Above

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Correct Option: C
Explanation:

Secrecy of data and software can be better maintained in customized and tailored software as compared to ready-to-use software.

The cost of installation an maintenance for ready-to-use is _____.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Relatively high

  2. Low

  3. High

  4. None of the Above

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Correct Option: B
Explanation:

The frequency or volume of accounting transactions in ready-to-use is very low. This is because the cost of installation is low and number of users is limited in ready-to-use.

The number of users and their interface in tailored is _____.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Limited

  2. As per specification

  3. Unlimited

  4. None of the Above

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Correct Option: C
Explanation:

The Secrecy and authenticity checks are robust in such tailored software and they offer high flexibility in terms of number of users.

Some accounting software is user friendly requiring a _____ training to the users.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. simple

  2. specialised

  3. average

  4. complex

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Correct Option: A
Explanation:

Some accounting software is user friendly requiring a simple training to the users. Some other complex software packages linked to other information systems requiring intensive training on a continuous basis.

Following factors are usually taken in considerations before sourcing accounting software:
1. Flexibility; Cost of Installation and Maintenance; Size of Organisation
2. Ease of Adoption and Training needs; Utilities/MIS reports; Expected Level of Secrecy (Software and Data)
3. Exporting/Importing Data Facility; Vendors Reputation and Capability
4. Recording; Customisation; Ready-to-use; Tailored

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. 1, 2, 3

  2. 2, 3, 4

  3. 1, 3, 4

  4. All of the above

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Correct Option: A
Explanation:

Flexibility, Cost of Installation and Maintenance; Size of Organisation; Ease of Adoption and Training needs; Utilities/MIS Reports; Expected level of Secrecy (Software and Data); Exporting/Importing Data Facility; Vendors Reputation and Capability are the factors usually taken in consideration before sourcing accounting software.

An important consideration before sourcing an accounting software is ____.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Customization

  2. Ready-to-use

  3. Tailored

  4. Flexibility

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Correct Option: D
Explanation:

An important consideration before sourcing an accounting software is flexibility, viz. data entry and the availability and design of various reports expected from it.

The tailored software is designed to meet the specific requirements of the users and form an important part of the ______.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. Organisational FIS

  2. Organisational MIS

  3. Organisational MIE

  4. Organisational MES

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Correct Option: B
Explanation:

The tailored software is designed to meet the specific requirement of the users and form an important part of the organisational MIS (Management Information System). Tailored software can interact and share information with the various sub components of the organisational MIS.

Linkage to other information system is ______ in ready-to-use.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. restricted

  2. not restricted

  3. definite

  4. None of the above

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Correct Option: A
Explanation:

Ready-to-use software offers little scope of linking to other information systems.

The size of organisation and the volume of business transactions ________ the software choices.

commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

  1. do not affect

  2. do affect

  3. do or do not affect

  4. none of the above

Show answer
Correct Option: B
Explanation:

The size of the organisation and the volume of business transactions do affect the software choices. Small organisations, e.g. in non-profit organisations, where the number of accounting transactions is not so large, many opt for simple, single user operated software.