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Multiple Choice Quiz
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1

Most of the time the conversion process involves the manufacture or production of:
A)Work in Process
B)Finished Goods
C)Raw Materials
D)Labor
E)Overhead
2

Which type of manufacturing process involves the production of an established number of product units, or particular jobs such as car repair, the printing of a customized wedding invitation, or a consulting engagement?
A)Continuous processes
B)Established run processes
C)Batch processes
D)Production employee processes
E)Ongoing run processes
3

Which kind of relationship identifies the "who" for each event in a conversion process?
A)Duality
B)Stockflow
C)Fulfillment
D)Participation
E)Reservation
4

Which kind of relationship in a conversion cycle reveals "why" the enterprise engages in the economic events of the cycle?
A)Duality
B)Stockflow
C)Fulfillment
D)Participation
E)Reservation
5

A relationship in which an enterprise trades one or more resources for one or more different resources is called a(n) _______ duality relationship.
A)Transformation
B)Trade
C)Exchange
D)Swap
E)Transfer
6

Each of the following is an economic decrement event in the conversion cycle EXCEPT the:
A)Production run
B)Material issuance
C)Labor operation
D)Machine operation
E)All of the above are economic decrement events.
7

What form is often used in a conversion cycle to document the actual use of raw materials?
A)Bill of lading
B)Job time ticket
C)Bill of materials
D)Move ticket
E)Packing slip
8

Which of the following is FALSE regarding labor operations in a conversion process?
A)Labor operations are the actual using up of the available labor.
B)Labor is a resource-type entity set that represents a list of the types of labor that can be performed in the labor operations.
C)When they are measured and recorded, labor operations are usually documented on move tickets, which serve as an identifier for the labor operations event.
D)The labor operation event is an economic decrement event.
E)All of the above are true statements.
9

The REA ontology label for a relationship in an enterprise conversion cycle that connects the entities machine and machine operation, whereby a machine does not get completely used up by a machine operation is:
A)Use stockflow
B)Consume stockflow
C)Machine outflow
D)Production inflow
E)Operating outflow
10

Which relationship is the equivalent of the duality relationship, but for commitment events instead of economic events?
A)Linkage
B)Reciprocal
C)Custody
D)Association
E)Reservation





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