Exam 1: Accounting As Information

A popular fast-food chicken restaurant currently offers only fried chicken tenders and chicken sandwiches made from chicken tenders. The only sides available are bread, slaw, and fries. If the chain were to consider offering grilled chicken on their menu, what would you recommend before considering the change for a national roll-out?

(Multiple Choice)

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Question 21

Maria is asked to create a document at the end of each month that displays that month's sales data across divisions. What type of output will Maria need to obtain from the information system to obtain this information?

(Multiple Choice)

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Question 22

Which of the following is an example of data analytics?

(Multiple Choice)

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Question 23

Which of the following is a definition of output from an information system?

(Multiple Choice)

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Question 24

To be useful for decision making, information must have what two fundamental characteristics?

(Multiple Choice)

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Question 25

Which of the following management responsibility areas includes analyzing financial statements?

(Multiple Choice)

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Question 26

Quantifiable metrics used to measure and evaluate the success of an organization based on its objectives are known as

(Multiple Choice)

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Question 27

What kind of information do managers use to make decisions?

(Multiple Choice)

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Question 28

Your organization has been reviewing information from the accounting information system based on weekly reports. You are tasked with designing a digital dashboard to display key performance indicators (KPIs) to management at your organization. Which enhancing characteristic of useful information are you improving for the business by creating a dashboard that is updated in real-time with KPIs?

(Multiple Choice)

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Question 29

Which of the following is NOT a data analytics skill?

(Multiple Choice)

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Question 30

Transaction-based accounting systems capture only

(Multiple Choice)

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Question 31

Which of the following is NOT a nonfinancial business event that can be captured through the conversion processes in the information system?

(Multiple Choice)

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Question 32

Which of the following statements is FALSE?

(Multiple Choice)

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Question 33

In which of the following process categories would the termination an employee be recorded?

(Multiple Choice)

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Question 34

Which of the following is an input for a business that produces products?

(Multiple Choice)

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Question 35

Concerning data analytics skills that new accounting professionals should learn, which statement is FALSE?

(Multiple Choice)

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Question 36

What are the primary types of business processes in a basic business model?

(Multiple Choice)

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Question 37

The responses to which questions lead to determining decision context?

(Multiple Choice)

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Question 38

Employers in the accounting profession, and other professions, look for candidates who are data minded. What soft skills show an employer that the candidate is data minded?

(Multiple Choice)

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Question 39

Relevant information must

(Multiple Choice)

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Question 40

Showing 21 - 40 of 98

Maria is asked to create a document at the end of each month that displays that month's sales data across divisions. What type of output will Maria need to obtain from the information system to obtain this information?

Which of the following is an example of data analytics?

Which of the following is a definition of output from an information system?

To be useful for decision making, information must have what two fundamental characteristics?

Which of the following management responsibility areas includes analyzing financial statements?

Quantifiable metrics used to measure and evaluate the success of an organization based on its objectives are known as

What kind of information do managers use to make decisions?

Which of the following is NOT a data analytics skill?

Transaction-based accounting systems capture only

Which of the following is NOT a nonfinancial business event that can be captured through the conversion processes in the information system?

Which of the following statements is FALSE?

In which of the following process categories would the termination an employee be recorded?

Which of the following is an input for a business that produces products?

Concerning data analytics skills that new accounting professionals should learn, which statement is FALSE?

What are the primary types of business processes in a basic business model?

The responses to which questions lead to determining decision context?

Employers in the accounting profession, and other professions, look for candidates who are data minded. What soft skills show an employer that the candidate is data minded?

Relevant information must

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Emerging and Disruptive Technologies

Documenting Systems and Processes

Human Resources and Payroll Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

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