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1. Which of the following is an example of a transaction
processing system (TPS) in accounting?
a) A system that records sales orders and invoices
b) A system that generates financial statements and reports
c) A system that analyzes customer behavior and
preferences
d) A system that monitors inventory levels and reorder
points
*Answer: a) A system that records sales orders and
invoices*
Rationale: A TPS is a system that captures, processes, and
stores data related to business transactions. A system that
records sales orders and invoices is a TPS because it
handles data related to sales transactions.
2. What is the main purpose of an enterprise resource
planning (ERP) system in accounting?
a) To integrate data and processes across different
functional areas of an organization
b) To provide decision support and business intelligence
for managers and executives
c) To ensure compliance with accounting standards and
regulations
d) To automate routine tasks and improve efficiency
*Answer: a) To integrate data and processes across
different functional areas of an organization*
Rationale: An ERP system is a system that integrates dataÂÂ
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