Exam 7: Accounting Information Systems and Business Processes: Part I

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Networked enterprises and globalization have enabled a new business model called "business-without-boundaries." Which of the following statements describes this business model?

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Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle?

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Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to provide better service and promote customer loyalty.These software solutions are called:

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Three major objectives of a data collection process are accuracy, timeliness, and cost-effectiveness.

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Subsidiary ledgers are frequently maintained for accounts receivable and inventory accounts.

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The purchasing process is complete when goods are received from vendors.

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The first trial balance produced by an AIS in the accounting cycle, is the adjusted trial balance.

(True/False)
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All of the following are inputs source documents)to the purchasing process except:

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Information overload:

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The sales process begins with:

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Inputs to transaction processing systems:

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