A Well-Planned and Drawn Level 0 Data Flow Diagram for the Expenditure

question 59

Multiple Choice

A well-planned and drawn level 0 data flow diagram for the expenditure cycle would show which of the following processes?

• A)1)0 Order Goods;2.0 Receive and Store Goods;3.0 Pay for Goods.
• B)1)0 Order Goods;1.1 Receive and Store Goods;1.2 Pay for Goods.
• C)0)1 Order Goods;0.2 Receive and Store Goods;0.3 Pay for Goods.
• D)0)1 Order Goods;0.12 Receive and Store Goods;0.13 Pay for Goods.

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Definitions:

Perfected Purchase

A legal status in property law where the buyer obtains the rights to the property free from any prior claims or liens.

Money Security Interest

A legal claim or lien on collateral (such as cash or deposit accounts) provided by a debtor to secure a loan or other credit, ensuring the lender has a priority claim over the funds in the case of default.

Chattel Paper

A legal term referring to a document or electronic record that evidences both a monetary obligation and a security interest in a tangible good or a lease.

Security Interest

A legal claim or lien on collateral that has been pledged, often to obtain a loan, to secure the payment or performance of an obligation.