Question 1

Which of the following is an advantage of using cost as a valuation method over fair market value?

Accepted Answer

A) objectivity 
B) reliability 
C) verifiability 
D) all of the above 
A) objectivity 
B) reliability 
C) verifiability 
D) all of the above

Question 2

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

Accepted Answer

The answer of The quality of information that enables users...

Question 3

A system that consists of an integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users is a(n)

Accepted Answer

A) output 
B) input 
C) database 
D) information system 
A) output 
B) input 
C) database 
D) information system

Question 4

The text takes the following view of the relationship between an IS and an AIS:

Accepted Answer

A) the AIS is part of the IS 
B) the IS is part of the AIS 
C) the IS and the AIS are one in the same 
D) the AIS is the primary system and the IS the subsystem 
A) the AIS is part of the IS 
B) the IS is part of the AIS 
C) the IS and the AIS are one in the same 
D) the AIS is the primary system and the IS the subsystem

Question 5

Much of the information used by strategic managers comes from outside the organization.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true?

Accepted Answer

A) With a more structured decision, there is a need for less accurate information. 
B) With a more structured decision there is a need for summarized data. 
C) With a more structured decision, there is a need for well defined, more accurate data. 
D) With a less structured decision, there is a need for well defined more accurate data. 
A) With a more structured decision, there is a need for less accurate information. 
B) With a more structured decision there is a need for summarized data. 
C) With a more structured decision, there is a need for well defined, more accurate data. 
D) With a less structured decision, there is a need for well defined more accurate data.

Question 7

How much inventory to reorder is a structured decision.

Accepted Answer

A) True 
 B)False

Question 8

An information system consists of an integrated set of computer-based and manual components established to provide information to users.

Accepted Answer

A) True 
 B)False

Question 9

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires management to identify, document and evaluate significant internal controls.

Accepted Answer

The answer of Section ____________________ of the Sarbanes-Oxley Act of...

Question 10

Three of the five proposed core services of the _____________________________ are assurance and information integrity, management consulting and performance measurement, and technology services.

Accepted Answer

The answer of Three of the five proposed core services...

Question 11

A set of interdependent elements that together accomplish specific objectives is a

Accepted Answer

A) system 
B) subsystem 
C) database 
D) accounting information system 
A) system 
B) subsystem 
C) database 
D) accounting information system

Question 12

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires auditors to audit and report on management's assertions about the organizations' systems of internal control.

Accepted Answer

The answer of Section ____________________ of the Sarbanes-Oxley Act of...

Question 13

The AICPA has identified all but which of the following as assurance services?

Accepted Answer

A) risk assessment 
B) information systems reliability 
C) electronic commerce 
D) consulting 
A) risk assessment 
B) information systems reliability 
C) electronic commerce 
D) consulting

Question 14

Which of the following is an unstructured decision?

Accepted Answer

A) how much inventory to reorder 
B) how fast an assembly line should operate 
C) when scheduled maintenance should be performed 
D) which research and development projects should be undertaken 
A) how much inventory to reorder 
B) how fast an assembly line should operate 
C) when scheduled maintenance should be performed 
D) which research and development projects should be undertaken

Question 15

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.

Accepted Answer

A) True 
 B)False

Question 16

Information about a customer's credit history that is received after the decision to grant additional credit lacks completeness.

Accepted Answer

A) True 
 B)False

Question 17

Strategic management requires more detailed information than operations management.

Accepted Answer

A) True 
 B)False

Question 18

Facts or figures in raw form are referred to as ____________________.

Accepted Answer

The answer of Facts or figures in raw form are...

Question 19

All of the following are components of relevance except:

Accepted Answer

A) feedback value 
B) predictive value 
C) verifiability 
D) timeliness 
A) feedback value 
B) predictive value 
C) verifiability 
D) timeliness

Question 20

According to the Sarbanes-Oxley Act of 2002, management must identify, document, and evaluate significant internal controls.

Accepted Answer

A) True 
 B)False

Which of the following is an advantage of using cost as a valuation method over fair market value?

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

A system that consists of an integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users is a(n)

The text takes the following view of the relationship between an IS and an AIS:

Much of the information used by strategic managers comes from outside the organization.

Which of the following statements is true?

How much inventory to reorder is a structured decision.

An information system consists of an integrated set of computer-based and manual components established to provide information to users.

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires management to identify, document and evaluate significant internal controls.

Three of the five proposed core services of the _____________________________ are assurance and information integrity, management consulting and performance measurement, and technology services.

A set of interdependent elements that together accomplish specific objectives is a

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires auditors to audit and report on management's assertions about the organizations' systems of internal control.

The AICPA has identified all but which of the following as assurance services?

Which of the following is an unstructured decision?

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.

Information about a customer's credit history that is received after the decision to grant additional credit lacks completeness.

Strategic management requires more detailed information than operations management.

Facts or figures in raw form are referred to as ____________________.

All of the following are components of relevance except:

According to the Sarbanes-Oxley Act of 2002, management must identify, document, and evaluate significant internal controls.

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters

Exam 1: Introduction to Accounting Information Systems

Which of the following is an advantage of using cost as a valuation method over fair market value?

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

A system that consists of an integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users is a(n)

The text takes the following view of the relationship between an IS and an AIS:

Much of the information used by strategic managers comes from outside the organization.

Which of the following statements is true?

How much inventory to reorder is a structured decision.

An information system consists of an integrated set of computer-based and manual components established to provide information to users.

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires management to identify, document and evaluate significant internal controls.

Three of the five proposed core services of the _____________________________ are assurance and information integrity, management consulting and performance measurement, and technology services.

A set of interdependent elements that together accomplish specific objectives is a

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires auditors to audit and report on management's assertions about the organizations' systems of internal control.

The AICPA has identified all but which of the following as assurance services?

Which of the following is an unstructured decision?

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.

Information about a customer's credit history that is received after the decision to grant additional credit lacks completeness.

Strategic management requires more detailed information than operations management.

Facts or figures in raw form are referred to as ____________________.

All of the following are components of relevance except:

According to the Sarbanes-Oxley Act of 2002, management must identify, document, and evaluate significant internal controls.

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters