ITEE ITEE-1 | Page 319

Q16. Which of the following is expressed by an E-R diagram? a) Relation between process and relationship b) Relation between entity and process c) Relation between processes d) Relation between entities Q17. Which of the following is the correct description of an income statement? a) Summarizes and tabulates journal slips in one statement b) Lists all revenues and expenses during the accounting period, and indicates profit and loss ) c Lists the respective credits and debits for each title of account, and generates the balance totals d) Describes the financial position of a corporation at a given point in time Q18. Which of the following is appropriate under a service contract? a) The employer directs the worker to engage in work, under the employer’s direction. b) The worker engages in labor under the instruction of the client. c) An employment relationship arises between the worker and the client, in addition to the original employment relationship between the worker and employer. d) The client directs the pay structure of the worker, including the base salary and overtime pay. Q19. Items (A) to (D) in the diagram show the procedure for Company X to receive and deliver documents, under transactions with a client. Which of the following documents corresponds to (B), where answers (A) to (D) each correspond with one of the items (A) to (D)? Client Quotation A B Company X a) Inspection sheet b) Invoice c) Order confirmation d) Purchase order 313 C D