The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.
The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.
The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.
Q&A Topic: Accounting Information Systems
Accounting information systems (AIS) are computer-based systems that are designed to collect, store, process, and report financial and accounting information. These systems are used by businesses and organizations to manage their financial transactions, generate financial reports, and comply with accounting standards and regulations.
AIS typically include modules for accounts payable, accounts receivable, general ledger, inventory management, payroll processing, and financial reporting. They may also include features such as data analysis, budgeting, forecasting, and decision support. The use of AIS can help to improve the accuracy and efficiency of financial reporting, reduce the risk of errors and fraud, and provide managers with timely and relevant financial information for decision-making.
Here are some questions that can help you to clear the TOEIC exam:
Q1 Accounting information systems area ____________ part of an organization’s day-to-day operations.
Answer: (d) vital
Q2 Prices can vary from customized multimillion dollar systems to ____________ software that costs less than $100.
Answer: (c) prepackaged
Q3 Customization allows for a good fit to the business’s needs, smooth ____________ with other internal systems, and the ability to implement special security measures.
Answer: (c) interfacing
Q4 Advantages of non-custom software include low cost, immediate availability, quality, documentation on data flow, good compatibility with external systems, and ____________ from the vendor.
Answer: (c) support
Q5 Disadvantages include lack of features, paying for ____________ features, and risk of vendor availability.
Answer: (d) unwanted
Q6 Good accounting systems allow users to run informal reports such as ____________ accounts receivable or to keep track of inventory.
Answer: (a) aged
Q7 Accounting systems have to track ____________ in three business processes: order entry/sales, billing/accounts receivable/cash receipts, and purchasing/accounts payable/cash.
Answer: (c) transactions
Q8 The order entry/sales process ____________ sales data and records the information.
Answer: (a) captures
Q9 This process starts with a customer order, which initiates a credit ____________.
Answer: (b) check
Q10 After the customer is approved, the sales order department must let the warehouse know what goods to pick, and the shipping department needs to know that an order has been ____________.
Answer: (c) placed
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