Question 1

Job costing systems are most appropriate for:

Accepted Answer

A) Home builders 
B) Textbook publishers 
C) Beverage companies 
D) both a and b are appropriate industries for job costing systems 
A) Home builders 
B) Textbook publishers 
C) Beverage companies 
D) both a and b are appropriate industries for job costing systems D

Question 2

It is generally true of not-for-profit organizations that they:

Accepted Answer

A) Are profit-oriented despite their name 
B) Are always evaluated using profit measures 
C) Are not governed by accounting standards 
D) Emphasize funds rather than income in their internal accounting systems 
A) Are profit-oriented despite their name 
B) Are always evaluated using profit measures 
C) Are not governed by accounting standards 
D) Emphasize funds rather than income in their internal accounting systems D

Question 3

Which of the following is not a characteristic associated with professional service organizations?

Accepted Answer

A) Lack of a profit motive 
B) Absence of inventories 
C) Importance of human resources 
D) Difficulty in measuring the quantity and quality of output 
A) Lack of a profit motive 
B) Absence of inventories 
C) Importance of human resources 
D) Difficulty in measuring the quantity and quality of output A

Question 4

Important source documents for the human resource management process do not include:

Accepted Answer

A) Valid vendor lists 
B) Time sheets 
C) Payroll deduction authorizations 
D) Tax withholding forms 
A) Valid vendor lists 
B) Time sheets 
C) Payroll deduction authorizations 
D) Tax withholding forms

Question 5

Third party billing refers to:

Accepted Answer

A) Billing to clients by professional service organizations 
B) Billing to insurance companies by health care organizations 
C) The fact that the customer often does not pay directly for goods purchased in the health care industry 
D) both b and c are correct 
A) Billing to clients by professional service organizations 
B) Billing to insurance companies by health care organizations 
C) The fact that the customer often does not pay directly for goods purchased in the health care industry 
D) both b and c are correct

Question 6

An AIS's cost accounting subsystem is an important part of the production process.

Accepted Answer

A) True 
 B)False

Question 7

All of the following are input documents for the production process, except:

Accepted Answer

A) A master production schedule 
B) A production order 
C) A sales invoice 
D) A bill of materials 
A) A master production schedule 
B) A production order 
C) A sales invoice 
D) A bill of materials

Question 8

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

Accepted Answer

A) True 
 B)False

Question 9

With a job costing system it is not possible to keep track of costs for each item or group of items produced.

Accepted Answer

A) True 
 B)False

Question 10

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

Accepted Answer

A) True 
 B)False

Question 11

Effective cash management is not an objective of the financing process.

Accepted Answer

A) True 
 B)False

Question 12

According to the text, all of the following are objectives of the human resource management process except:

Accepted Answer

A) Hiring, training, and employing workers 
B) Counseling employees on retirement and medical benefits 
C) Maintaining employee earnings records 
D) Reporting on payroll deductions 
A) Hiring, training, and employing workers 
B) Counseling employees on retirement and medical benefits 
C) Maintaining employee earnings records 
D) Reporting on payroll deductions

Question 13

Lean manufacturing involves:

Accepted Answer

A) Decreasing production 
B) Using nonmonetary measures of performance 
C) Eliminating wasteful processes 
D) all of the above 
A) Decreasing production 
B) Using nonmonetary measures of performance 
C) Eliminating wasteful processes 
D) all of the above

Question 14

The financing process concerns a company's acquisition and use of financial resources.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following characteristics are common to both service and not-for-profit organizations?

Accepted Answer

A) Importance of professional employees 
B) Difficulty in measuring the quality and quantity of output 
C) Inability to inventory a product 
D) all of the above 
A) Importance of professional employees 
B) Difficulty in measuring the quality and quantity of output 
C) Inability to inventory a product 
D) all of the above

Question 16

Inputs to the financing process include:

Accepted Answer

A) Remittance advices, deposit slips, checks, and stock market data 
B) Remittance advices, deposit slips, checks, and receiving reports 
C) Deposit slips, checks, receiving reports, and purchase requisitions 
D) Deposit slips, checks, purchase requisitions, and financial institution profiles 
A) Remittance advices, deposit slips, checks, and stock market data 
B) Remittance advices, deposit slips, checks, and receiving reports 
C) Deposit slips, checks, receiving reports, and purchase requisitions 
D) Deposit slips, checks, purchase requisitions, and financial institution profiles

Question 17

The most significant difference in the AISs of retail organizations versus other vertical market organizations is the:

Accepted Answer

A) Sophistication of the systems used 
B) Type of training programs available to employees 
C) Point-of-sale data capture 
D) Structure of information that the system provides to managers 
A) Sophistication of the systems used 
B) Type of training programs available to employees 
C) Point-of-sale data capture 
D) Structure of information that the system provides to managers

Question 18

RFIDs allow firms to:

Accepted Answer

A) Track inventory more effectively 
B) Eliminate the use of databases 
C) Reduce the costs of ERP systems 
D) all of the above 
A) Track inventory more effectively 
B) Eliminate the use of databases 
C) Reduce the costs of ERP systems 
D) all of the above

Question 19

Inputs to the production process include job time cards, material requisition forms, and the master production schedule.

Accepted Answer

A) True 
 B)False

Question 20

The production process begins with a request for raw materials and ends with the transfer of finished goods to warehouses.

Accepted Answer

A) True 
 B)False

Job costing systems are most appropriate for:

It is generally true of not-for-profit organizations that they:

Which of the following is not a characteristic associated with professional service organizations?

Important source documents for the human resource management process do not include:

Third party billing refers to:

An AIS's cost accounting subsystem is an important part of the production process.

All of the following are input documents for the production process, except:

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

With a job costing system it is not possible to keep track of costs for each item or group of items produced.

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

Effective cash management is not an objective of the financing process.

According to the text, all of the following are objectives of the human resource management process except:

Lean manufacturing involves:

The financing process concerns a company's acquisition and use of financial resources.

Which of the following characteristics are common to both service and not-for-profit organizations?

Inputs to the financing process include:

The most significant difference in the AISs of retail organizations versus other vertical market organizations is the:

RFIDs allow firms to:

Inputs to the production process include job time cards, material requisition forms, and the master production schedule.

The production process begins with a request for raw materials and ends with the transfer of finished goods to warehouses.

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 9: Accounting Information Systems and Business Processes: Part II

Job costing systems are most appropriate for:

It is generally true of not-for-profit organizations that they:

Which of the following is not a characteristic associated with professional service organizations?

Important source documents for the human resource management process do not include:

Third party billing refers to:

An AIS's cost accounting subsystem is an important part of the production process.

All of the following are input documents for the production process, except:

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

With a job costing system it is not possible to keep track of costs for each item or group of items produced.

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

Effective cash management is not an objective of the financing process.

According to the text, all of the following are objectives of the human resource management process except:

Lean manufacturing involves:

The financing process concerns a company's acquisition and use of financial resources.

Which of the following characteristics are common to both service and not-for-profit organizations?

Inputs to the financing process include:

The most significant difference in the AISs of retail organizations versus other vertical market organizations is the:

RFIDs allow firms to:

Inputs to the production process include job time cards, material requisition forms, and the master production schedule.

The production process begins with a request for raw materials and ends with the transfer of finished goods to warehouses.

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters