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Accounting Info. Systems Overview Test

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5 Written Questions

5 Matching Questions

  1. Product differentiation strategy
  2. Supply chain
  3. Systems Concept
  4. Accounting information system (AIS)
  5. Strategic planning
  1. a a systems analysis principle that sates that changes in subsystems cannot be made without considering the effect on other subsystems and the system as a whole
  2. b The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
  3. c All the stages in the production process from obtaining raw materials to selling to the consumer - from point of origin to point of consumption
  4. d entails adding features or services not provided by competitors to a product so you can charge customers a premium price.
  5. e a system that collects, records, stores, and processes data to produce information for decision makers.

5 Multiple Choice Questions

  1. repetitive, routine, and understood well enough that they can be delegated to lower level employees in the organization
  2. relates to the effective and efficient use of resources for accomplishing organizational objectives.
  3. is the benefit produced by the information minus the cost of producing it
  4. data converted into a meaningful and useful context
  5. eliminates duplicate recording, storage, reporting, and other processing activities in an organization

5 True/False Questions

  1. DataA set of 2 or more interrelated components that interact to achieve a goal. They are almost always composed of smaller subsystems, each performing a specific function important to and supportive of the larger system of which it is a part.

          

  2. Access-based strategic positioninvolves serving a subset of customers who differ from other other customers in terms of factors such as geographic location or size, which creates different requirements for serving those customers.

          

  3. Needs-based strategic positioninvolves serving a subset of customers who differ from other other customers in terms of factors such as geographic location or size, which creates different requirements for serving those customers.

          

  4. Low-cost strategythe condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone

          

  5. SystemA set of 2 or more interrelated components that interact to achieve a goal. They are almost always composed of smaller subsystems, each performing a specific function important to and supportive of the larger system of which it is a part.

          

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