Question 1

The primary objective of accounting is to

Accepted Answer

A) implement strong internal controls. 
B) provide useful information to decision makers. 
C) prepare financial statements. 
D) ensure the profitability of an organization. 
A) implement strong internal controls. 
B) provide useful information to decision makers. 
C) prepare financial statements. 
D) ensure the profitability of an organization.

Question 2

Chopra,Limited,is an Indian company operating in New York state.It offers stylized,boutique public relations services to upscale retailers in quaint New England towns.A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns.Preparation of the newsletter requires study and analysis of weather conditions,economic activity,and travel costs.It is available at an annual subscription rate of $299.99.There are currently 190 subscribers.Preparation and distribution of the newsletter costs $12,000 annually.Chopra has always been able to manage to keep its newsletter operation above their breakeven point.The value of information to Chopra is

Accepted Answer

A) $236.83. 
B) $44,998.10. 
C) less than $63.16. 
D) at least $12,000. 
A) $236.83. 
B) $44,998.10. 
C) less than $63.16. 
D) at least $12,000.

Question 3

In which transaction cycle would information for paying dividends be most likely to pass between internal and external accounting information systems?

Accepted Answer

A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle 
A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle

Question 4

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Accepted Answer

A) system inconsistence. 
B) system conflict. 
C) goal inconsistence. 
D) goal conflict. 
A) system inconsistence. 
B) system conflict. 
C) goal inconsistence. 
D) goal conflict.

Question 5

Identify how firms use predictive analysis.

Accepted Answer

A) to provide an educated guess regarding what is expected to occur in the near future 
B) to engage in data warehousing 
C) to engage in a low-cost strategy 
D) to design the most effective accounting information system 
A) to provide an educated guess regarding what is expected to occur in the near future 
B) to engage in data warehousing 
C) to engage in a low-cost strategy 
D) to design the most effective accounting information system

Question 6

Why have accounting software packages been designed with separate transaction modules?

Accepted Answer

Since every organization does not necess

Question 7

Before a firm can identify the information needed to effectively manage a process,the firm must

Accepted Answer

A) hire an outside consultant. 
B) understand the process. 
C) purchase computers and/or workstations. 
D) obtain internet access. 
A) hire an outside consultant. 
B) understand the process. 
C) purchase computers and/or workstations. 
D) obtain internet access.

Question 8

Which of the following is a true statement?

Accepted Answer

A) Business strategy directly influences AIS,but not information technology. 
B) Information technology directly influences organizational culture,but not business strategy. 
C) Organizational culture directly influences business strategy,but not AIS. 
D) AIS directly influences information technology,but not business strategy. 
A) Business strategy directly influences AIS,but not information technology. 
B) Information technology directly influences organizational culture,but not business strategy. 
C) Organizational culture directly influences business strategy,but not AIS. 
D) AIS directly influences information technology,but not business strategy.

Question 9

Message left on voicemail: "Hi Nikki! Just landed at the airport.How about dinner this evening if you're available.Call me!" Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F) verifiable
G) accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F) verifiable
G) accessible

Question 10

Define data,information,and how the value of information is determined.

Accepted Answer

Data: facts that are collected,entered,r

Question 11

Which of the following is a primary activity in the value chain?

Accepted Answer

A) infrastructure 
B) technology 
C) purchasing 
D) marketing and sales 
A) infrastructure 
B) technology 
C) purchasing 
D) marketing and sales

Question 12

It is important that a firm's AIS collect and integrate financial and non-financial information about the organization's activities if the firm uses its AIS to gain a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 13

In 2015,Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information.The intention was to increase production efficiency.Unfortunately,it had the opposite effect,as deliveries fell behind schedule and costs increased.Shaman Gupta,the director of information technology services,asked Ashlee Wells to come in and talk with him about the system.Ashlee is a long-time employee of Singh,and her opinion is valued by her peers and by her supervisor.
"So Ashlee,how's it going down there in the shop?"
"Not so good,Shaman.Used to be we got a weekly pick list so we knew how to plan production.Now,we got that computer system.Most of the time we can't get all of the information that we need.Is there some way to print out a list that has everything that we need?"
Shaman thought for a while before responding."Well,Ashlee,to tell you the truth,I'm not so sure how to do it myself,but there must be a way.We'll bring in the consultants that helped us build the system.Maybe they can help."
Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F) verifiable
G) accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F) verifiable
G) accessible

Question 14

Which of the following is not an example of how an AIS adds value to an organization?

Accepted Answer

A) All employees at a hospital can access and update patient records from any computer terminal in the hospital. 
B) A customer service representative can find a customer's account data,purchase history,payment history,and salesperson's name while on the phone with the customer,to resolve issues quickly. 
C) Suppliers are able to access sales data directly from the point-of-sale system of a retailer and deliver inventory automatically when needed. 
D) Client tax files are encrypted and made available on the CPA firm's network to any employee with an access code. 
A) All employees at a hospital can access and update patient records from any computer terminal in the hospital. 
B) A customer service representative can find a customer's account data,purchase history,payment history,and salesperson's name while on the phone with the customer,to resolve issues quickly. 
C) Suppliers are able to access sales data directly from the point-of-sale system of a retailer and deliver inventory automatically when needed. 
D) Client tax files are encrypted and made available on the CPA firm's network to any employee with an access code.

Question 15

Which of the following is not an example of how an AIS adds value to an organization?

Accepted Answer

A) Patient information at a hospital are encrypted and made only available on the hospital's network to the patient with an access code. 
B) Patient billing information at a hospital are encrypted and made only available on the hospital's network to insurance companies with an access code. 
C) Patient information at a hospital are encrypted and made only available on the hospital's webpage to anyone with access to a search engine. 
D) Patient information at a hospital are encrypted and made only available on the hospital's network to healthcare professional with an access code. 
A) Patient information at a hospital are encrypted and made only available on the hospital's network to the patient with an access code. 
B) Patient billing information at a hospital are encrypted and made only available on the hospital's network to insurance companies with an access code. 
C) Patient information at a hospital are encrypted and made only available on the hospital's webpage to anyone with access to a search engine. 
D) Patient information at a hospital are encrypted and made only available on the hospital's network to healthcare professional with an access code.

The primary objective of accounting is to

In which transaction cycle would information for paying dividends be most likely to pass between internal and external accounting information systems?

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Identify how firms use predictive analysis.

Why have accounting software packages been designed with separate transaction modules?

Before a firm can identify the information needed to effectively manage a process,the firm must

Which of the following is a true statement?

Message left on voicemail: "Hi Nikki! Just landed at the airport.How about dinner this evening if you're available.Call me!" Which of the following characteristics of useful information is absent in the situation described above?

Define data,information,and how the value of information is determined.

Which of the following is a primary activity in the value chain?

It is important that a firm's AIS collect and integrate financial and non-financial information about the organization's activities if the firm uses its AIS to gain a competitive advantage.

Which of the following is not an example of how an AIS adds value to an organization?

Which of the following is not an example of how an AIS adds value to an organization?

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 1: Conceptual Foundations of Accounting Information Systems

The primary objective of accounting is to

In which transaction cycle would information for paying dividends be most likely to pass between internal and external accounting information systems?

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Identify how firms use predictive analysis.

Why have accounting software packages been designed with separate transaction modules?

Before a firm can identify the information needed to effectively manage a process,the firm must

Which of the following is a true statement?

Message left on voicemail: "Hi Nikki! Just landed at the airport.How about dinner this evening if you're available.Call me!" Which of the following characteristics of useful information is absent in the situation described above?

Define data,information,and how the value of information is determined.

Which of the following is a primary activity in the value chain?

It is important that a firm's AIS collect and integrate financial and non-financial information about the organization's activities if the firm uses its AIS to gain a competitive advantage.

Which of the following is not an example of how an AIS adds value to an organization?

Which of the following is not an example of how an AIS adds value to an organization?

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters