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Chapter 1 Study Guide Questions

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Which of the following is NOT one of the five major business processes or transaction?
A. Expenditure
B. Production
C. Human Resources & Payroll
D. Revenue
E. Financing
F. All of the above are major cycles
F. All of the above are major cycles.
Which of the following is NOT a characteristic of useful information?
A. Relevant
B. Verifiable
C. Timely
D. Accessible
E. Cost-effective
D. Cost-effective
Accounting Information Systems is most likely applicable to which area of accounting?
A. Tax accounting
B. Public Accounting
C. Management Consulting
D. All of the above are applicable to AIS
E. None of the above.
D. All of the above are applicable to AIS.
Which of the following is NOT a "primary activity" that directly provides value to the customer?
A. Inbound logistics
B. Operations
C. Human Resources
D. Outbound logistics
C. Human Resources
Which of the following best describes the sequence of the supply chain?
A. Retailer, Distributor, manufacturer, raw materials supplier, and consumer
B. Manufacturer, distributor, raw materials supplier, retailer, and consumer
C. Raw materials supplier, manufacturer, distributor, retailer, and consumer.
D. Raw materials supplier, manufacture, retailer, distributor, and consumer
C. Raw materials supplier, manufacturer, distributor, retailer, and consumer.
Which of the following is NOT on of the support activities in the value chain of an organization?
A. Service
B. Purchasing
C. Firm Infrastructure
D. Technology
E. Human Resources
A. Service
AIS adds value to an organization by:
A. Improving efficiency.
B. Sharing Knowledge
C. Improving the internal control structure
D. Answers to a and b only
E. Answers to a, b, and c.
E. Answers A, B, and C.
Which of the following does not influence the design of an Accounting Information System?
A. Organized Culture
B. Information Technology
C. Business Strategy
D. Legal Environment
D. Legal Environment
What is data?
A. All of the facts that are collected, stored, and processed by an information system.
B. All of debit and credit information about each transaction.
C. The output which results from the input of information
D. the same thing as information
A. All of the facts that are collected, stored, and processed by an information system.
Reliability refers to the characteristic of information whereby
A. Uncertainty is reduced.
B. Information is free from error or bias
C. Timely
D. Verifiable
B. Information is free from error or bias.
In order for AIS to meet the needs of systems users, one must take into account the types of decisions that are made. Decisions vary from repetitive and routine to nonrecurring and non-routine. How would you classify a decision where no framework or model exists for the decision?
A. Structured
B. Semi-structured
C. Unstructured
C. Unstructured
Information can improve decision making in what way?
A. It identifies situations requiring management action.
B. It provides a basis for choosing among alternative actions.
C. Provides valuable feedback that can be used to improve future decisions
D. All of the above,
D. All of the above
T/F: Information is data that has been organized and processed.
True
T/F: Information that is timely is free from error or bias.
False
T/F: Inbound logistics consists of receiving , storing, and distributing the materials an organization uses to create the services and products it sells.
True
T/F: An AIS designer, who is very competent with information technology skills, will be successful in designing an information system regardless of his/her misunderstanding of the organization that he/she is designing for
True
T/F: A component of an Accounting Information System are the people who use the system.
True
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