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Bumble Beasley Reviewed the Steps in the Acquisition/payment Process, and Then

question 11

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Bumble Beasley reviewed the steps in the acquisition/payment process, and then created the data flow diagram below. Analyze the diagram and respond to the questions that follow. $Bumble Beasley reviewed the steps in the acquisition/payment process, and then created the data flow diagram below. Analyze the diagram and respond to the questions that follow. \begin{array}{c} \begin{array}{|l|} \hline\\ \hline \text {1. Should the DFD include any additional data }\\ \text {stores?}\\ \hline \text {2. Is the data flow diagram a Level One daagram?}\\ \hline \text {3. Is the Accounting Department using document}\\ \text { matching as a form of internal control?}\\ \hline \text {4. Has Bumble included unnecessary data stores}\\ \text { in the DFD?}\\ \hline \text {5. Does the DFD include the right number of}\\ \text { extermal entities?}\\ \hline \text {6. Are the steps shown in the diagram numbered}\\ \text { in the proper order?}\\ \hline \text {7. Are the external entities in the DFD properly }\\ \text {labeled?}\\ \hline \text {8. Are the data stores properly labeled?}\\ \hline \text {9. Are the data flows in the DFD properly}\\ \text {labeled?}\\ \hline \text {10. Are all steps in the acquisition/ payment}\\ \text { process represented in the diagram?}\\ \hline \end{array} \begin{array}{l|} \hline \text {Yes}\\ \hline\\ \\ \hline\\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \hline\\ \\ \hline\\ \\ \hline \end{array} \begin{array}{l|} \hline \text {No}\\ \hline\\ \\ \hline\\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \\ \hline\\ \hline\\ \\ \hline\\ \\ \hline \end{array} \end{array}$ $\begin{array}{c}\begin{array}{|l|} \hline\\ \hline \text {1. Should the DFD include any additional data }\\\text {stores?}\\ \hline \text {2. Is the data flow diagram a Level One daagram?}\\ \hline \text {3. Is the Accounting Department using document}\\\text { matching as a form of internal control?}\\ \hline \text {4. Has Bumble included unnecessary data stores}\\\text { in the DFD?}\\ \hline \text {5. Does the DFD include the right number of}\\\text { extermal entities?}\\ \hline \text {6. Are the steps shown in the diagram numbered}\\\text { in the proper order?}\\ \hline \text {7. Are the external entities in the DFD properly }\\\text {labeled?}\\ \hline \text {8. Are the data stores properly labeled?}\\ \hline \text {9. Are the data flows in the DFD properly}\\ \text {labeled?}\\ \hline \text {10. Are all steps in the acquisition/ payment}\\\text { process represented in the diagram?}\\ \hline \end{array}\begin{array}{l|} \hline \text {Yes}\\ \hline\\\\ \hline\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\ \hline\\\\ \hline\\\\ \hline\end{array}\begin{array}{l|} \hline \text {No}\\ \hline\\\\ \hline\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\\\ \hline\\ \hline\\\\ \hline\\\\ \hline\end{array}\end{array}$

Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Cash Dividends

Payments made by a corporation to its shareholders from profits, distributing earnings in the form of cash.

Equity Securities

Equity securities represent ownership interest held in a company by investors in the form of shares of stock, which may generate income through dividends and potential appreciation.

Highly Liquid Securities

Financial instruments that can easily be converted into cash with minimal impact on their price.