Accounting Info. Systems Overview

5 Written Questions

1. striving to be the most efficient producer of a product or service
2. required to conduct business with external parties such as purchase orders and customer billings
3. data converted into a meaningful and useful context
4. The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
5. is the benefit produced by the information minus the cost of producing it

5 Matching Questions

1. Goal conflict
2. Integration
3. Mandatory information
4. Value chain
5. Information overload

1. a occurs when a decision or action of a subsystem is inconsistent with the goals of another subsystem or the system as a whole.
2. b The series of departments that carry out value-creating activities to design, produce, market, deliver, and support a firm's products.
3. c eliminates duplicate recording, storage, reporting, and other processing activities in an organization
4. d usually required by a government entity such as a report to the IRS on taxable income and withholding
5. e the state of having more information than one can process

5 Multiple Choice Questions

1. is achieved when a subsystem achieves its goal while contributing to the organization's overall goal.
   1. Integration
   2. Goal conflict
   3. Goal congruence
   4. Value chain
2. All the stages in the production process from obtaining raw materials to selling to the consumer - from point of origin to point of consumption
   1. Value chain
   2. Supply chain
   3. System
   4. Synergy
3. relates to the effective and efficient use of resources for accomplishing organizational objectives.
   1. Management control
   2. Operational control
   3. Information
   4. Systems Concept
4. related to the effective and efficient performance of specific tasks
   1. Management control
   2. Information overload
   3. Operational control
   4. Goal conflict
5. A 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.
   1. System
   2. Data
   3. Synergy
   4. Systems Concept

5 True/False Questions

1. Synergy → the 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

   True        False

2. Data → A 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.

   True        False

3. Systems Concept → A 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.

   True        False

4. Support activities → Supports primary activities

   True        False

5. Semistructured decisons → are characterized by incomplete decision making rules and the need for subjective assessments and judgments to supplement formal data analysis

   True        False