Exam 1: Introduction to Accounting Information Systems

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A man-made system consisting of people, equipment, organization, policies and procedures with the objective of accomplishing the work of the organization.

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The correspondence or agreement between the information and the actual events or objects that the information represents is known as

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In the management hierarchy, the level that lies between strategic management and operations management is called ______________________________ management.

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The central repository for all the data related to the enterprise's business activities and resources.

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____ improves the decision maker's capacity to predict, confirm, or correct earlier expectations

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E-business is the application of electronic networks to undertake business processes among the functional areas in an organization.

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Enterprise systems integrate an organization's business processes and information from all of an organization's functional areas.

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The quality of information when there is a high degree of consensus about the information among independent measurers using the same measurement methods is referred to as ______________________________.

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Structured decision

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The three themes of the text book include all of the following except:

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The Sarbanes-Oxley Act of 2002 has dramatically changed the daily work of financial accountants and auditors.

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According to the Sarbanes-Oxley Act of 2002 and PCAOB Auditing Standard No. 5, management must audit and report on auditors' assertions about the organizations' systems of internal controls.

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A ________ is a tool designed to help you analyze a situation and relate processes to desired results.

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Efficiency and effectiveness of operations are goals of:

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The ____ manager may be more concerned with accuracy than with timeliness.

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The information quality that enables users to identify similarities and differences in two pieces of information is

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Information that is capable of making a difference in a decision-making situation, by reducing uncertainty or increasing knowledge for that particular decision, has the quality of relevance.

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The three steps in decision making take place in the sequence of (1) intelligence (2) design (3) choice.

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____ are facts and figures in raw form.

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The degree to which information includes data about every relevant object or event necessary to make a decision is

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