Question 1

A major objective of professional service organizations is to:

Accepted Answer

A) Decrease billable hours 
B) Increase billable hours 
C) Increase time spent training employees 
D) Bill customers as frequently as possible 
A) Decrease billable hours 
B) Increase billable hours 
C) Increase time spent training employees 
D) Bill customers as frequently as possible

Question 2

The primary objective of the production process is to convert raw materials to finished products as quickly as possible.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is an example of a not-for-profit organization?

Accepted Answer

A) Consulting firm 
B) State university 
C) Public hospital 
D) both b and c are correct 
A) Consulting firm 
B) State university 
C) Public hospital 
D) both b and c are correct

Question 4

The largest expense item on a manufacturing organization's income statement is most likely to be:

Accepted Answer

A) Salaries for production workers 
B) The depreciation associated with manufacturing equipment 
C) The cost of direct materials 
D) Cost of goods sold 
A) Salaries for production workers 
B) The depreciation associated with manufacturing equipment 
C) The cost of direct materials 
D) Cost of goods sold

Question 5

Production cost reports are useful for internal control since they help in calculating budget variances.

Accepted Answer

A) True 
 B)False

Question 6

According to the text, which of the following is an output of the human resource management process?

Accepted Answer

A) Retired employee roster 
B) List of training programs for employees 
C) Employee listings 
D) none of the above 
A) Retired employee roster 
B) List of training programs for employees 
C) Employee listings 
D) none of the above

Question 7

The bill of materials lists the types and quantities of parts needed to assemble each unit of product.

Accepted Answer

A) True 
 B)False

Question 8

With a just-in-time inventory approach, raw material inventories are always zero.

Accepted Answer

A) True 
 B)False

Question 9

Point-of-sale accounting systems are important in the health care industry.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following statements is not true?

Accepted Answer

A) Time and billing systems in the professional service industry are similar to job order costing systems in manufacturing firms. 
B) Time and billing systems are an important component of an AIS for manufacturing firms 
C) A difficult problem for time and billing systems is tracking staff time 
D) All of the above are true 
A) Time and billing systems in the professional service industry are similar to job order costing systems in manufacturing firms. 
B) Time and billing systems are an important component of an AIS for manufacturing firms 
C) A difficult problem for time and billing systems is tracking staff time 
D) All of the above are true

A major objective of professional service organizations is to:

The primary objective of the production process is to convert raw materials to finished products as quickly as possible.

Which of the following is an example of a not-for-profit organization?

The largest expense item on a manufacturing organization's income statement is most likely to be:

Production cost reports are useful for internal control since they help in calculating budget variances.

According to the text, which of the following is an output of the human resource management process?

The bill of materials lists the types and quantities of parts needed to assemble each unit of product.

With a just-in-time inventory approach, raw material inventories are always zero.

Point-of-sale accounting systems are important in the health care industry.

Which of the following statements is not true?

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

A major objective of professional service organizations is to:

The primary objective of the production process is to convert raw materials to finished products as quickly as possible.

Which of the following is an example of a not-for-profit organization?

The largest expense item on a manufacturing organization's income statement is most likely to be:

Production cost reports are useful for internal control since they help in calculating budget variances.

According to the text, which of the following is an output of the human resource management process?

The bill of materials lists the types and quantities of parts needed to assemble each unit of product.

With a just-in-time inventory approach, raw material inventories are always zero.

Point-of-sale accounting systems are important in the health care industry.

Which of the following statements is not true?

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