Question 1

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Accepted Answer

The concept of "Give and Take" transacti

Question 2

Which of the following statements below shows the contrast between data and information?

Accepted Answer

A)  Data is the output of an AIS. 
B)  Information is the primary output of an AIS. 
C)  Data is more useful in decision-making than information. 
D)  Data and information are the same. 
A)  Data is the output of an AIS. 
B)  Information is the primary output of an AIS. 
C)  Data is more useful in decision-making than information. 
D)  Data and information are the same.

Question 3

Paid time-off policies,job descriptions,and procedures manuals are examples of information needed to support key decisions in what business process?

Accepted Answer

A)  Hire and train employees 
B)  Acquire inventory 
C)  Sell merchandise 
D)  Collect payment from customers 
A)  Hire and train employees 
B)  Acquire inventory 
C)  Sell merchandise 
D)  Collect payment from customers

Question 4

In 2003,Custer 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.Jeff Akspen,the director of information technology services,asked Joyce Jenkins to come in and talk with him about the system.Joyce is a long-time employee of Custer,and her opinion is valued by her peers and by her supervisor."So Joyce,how's it going down there in the shop?""Not so good,Jeff.Used to be we got a weekly pick list so we knew how to plan production.Now,we got that computer system.Most of us can't figure out how to use it to do our jobs.Is there some way to print out a pick list?"Jeff thought for a while before responding."Well,Joyce,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 5

Many modern accounting software packages offer separate transaction cycle modules.What is the reason for this?

Accepted Answer

A)  Every organization does not need to implement all of the available transaction cycle modules. 
B)  Most businesses do not need the revenue cycle module as part of their AIS. 
C)  The nature of a given transaction cycle is the same irrespective of the type of organization. 
D)  A properly designed AIS does not use the concept of separate business transaction cycles to process transactions. 
A)  Every organization does not need to implement all of the available transaction cycle modules. 
B)  Most businesses do not need the revenue cycle module as part of their AIS. 
C)  The nature of a given transaction cycle is the same irrespective of the type of organization. 
D)  A properly designed AIS does not use the concept of separate business transaction cycles to process transactions.

Question 6

Differentiate between an AIS course and other accounting courses.

Accepted Answer

Other accounting courses assume the prep

Question 7

A frantic Stro Frinzel called the home office from Des Moines."You have got to help me.I am about to close a great sale,but I have to be able to guarantee delivery by the fourteenth.I can't get through to the company Web site to verify delivery!""Thank you for calling.Your call is very important to us.However,all of our lines are currently in use.Please try again later."Which of the following characteristics of useful information is absent in the situation described above?
A) Relevant
B) Reliable
C) Complete
D) Timely
E) Understandable
F) Verifiable
G) Accessible

Accepted Answer

The answer of A frantic Stro Frinzel called the home...

Question 8

Information that is free from error or bias and accurately represents the events or activities of the organization is

Accepted Answer

A)  relevant. 
B)  reliable. 
C)  verifiable. 
D)  timely. 
A)  relevant. 
B)  reliable. 
C)  verifiable. 
D)  timely.

Question 9

Information is

Accepted Answer

A)  basically the same as data. 
B)  raw facts about transactions. 
C)  potentially useful facts when processed in a timely manner. 
D)  data that has been organized and processed so that it's meaningful. 
A)  basically the same as data. 
B)  raw facts about transactions. 
C)  potentially useful facts when processed in a timely manner. 
D)  data that has been organized and processed so that it's meaningful.

Question 10

The business owners obtain financing from outside investors,which results in an inflow of cash into the company.This transaction is considered to be part of which cycle?

Accepted Answer

A)  the revenue cycle 
B)  the payroll cycle 
C)  the production cycle 
D)  the financing cycle 
A)  the revenue cycle 
B)  the payroll cycle 
C)  the production cycle 
D)  the financing cycle

Question 11

The process of creating value for customers is the result of nine activities that form a

Accepted Answer

A)  value chain. 
B)  profitable operation. 
C)  successful business. 
D)  support system. 
A)  value chain. 
B)  profitable operation. 
C)  successful business. 
D)  support system.

Question 12

Who of the following would not be involved in the revenue cycle?

Accepted Answer

A)  Accounts payable clerk 
B)  Customer 
C)  Cashier 
D)  Credit manager 
A)  Accounts payable clerk 
B)  Customer 
C)  Cashier 
D)  Credit manager

Question 13

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

Accepted Answer

A)  outbound logistics 
B)  inbound logistics 
C)  shipping 
D)  delivery 
A)  outbound logistics 
B)  inbound logistics 
C)  shipping 
D)  delivery

Question 14

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Accepted Answer

A)  management. 
B)  interested outsiders. 
C)  competitors. 
D)  the government. 
A)  management. 
B)  interested outsiders. 
C)  competitors. 
D)  the government.

Question 15

The transaction cycle that includes the events of hiring employees and paying them is known as the

Accepted Answer

A)  revenue cycle. 
B)  expenditure cycle. 
C)  human resources cycle. 
D)  financing cycle. 
A)  revenue cycle. 
B)  expenditure cycle. 
C)  human resources cycle. 
D)  financing cycle.

Question 16

One activity within the value chain is research and development.This activity can be identified as a

Accepted Answer

A)  firm infrastructure activity. 
B)  human resources activity. 
C)  technology activity. 
D)  purchasing activity. 
A)  firm infrastructure activity. 
B)  human resources activity. 
C)  technology activity. 
D)  purchasing activity.

Question 17

Paying federal payroll taxes is part of which transaction cycle?

Accepted Answer

A)  Human resources/payroll 
B)  Expenditure 
C)  Financing 
D)  Revenue 
A)  Human resources/payroll 
B)  Expenditure 
C)  Financing 
D)  Revenue

Question 18

Which of the following is not a transaction cycle?

Accepted Answer

A)  revenue 
B)  expenditure 
C)  human resources 
D)  general ledger and reporting 
A)  revenue 
B)  expenditure 
C)  human resources 
D)  general ledger and reporting

Question 19

Accounting information plays major roles in managerial decision making by

Accepted Answer

A)  identifying situations requiring management action. 
B)  reducing uncertainty. 
C)  providing a basis for choosing among alternative actions. 
D)  all of the above 
A)  identifying situations requiring management action. 
B)  reducing uncertainty. 
C)  providing a basis for choosing among alternative actions. 
D)  all of the above

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Which of the following statements below shows the contrast between data and information?

Paid time-off policies,job descriptions,and procedures manuals are examples of information needed to support key decisions in what business process?

Many modern accounting software packages offer separate transaction cycle modules.What is the reason for this?

Differentiate between an AIS course and other accounting courses.

Information that is free from error or bias and accurately represents the events or activities of the organization is

Information is

The business owners obtain financing from outside investors,which results in an inflow of cash into the company.This transaction is considered to be part of which cycle?

The process of creating value for customers is the result of nine activities that form a

Who of the following would not be involved in the revenue cycle?

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

The transaction cycle that includes the events of hiring employees and paying them is known as the

One activity within the value chain is research and development.This activity can be identified as a

Paying federal payroll taxes is part of which transaction cycle?

Which of the following is not a transaction cycle?

Accounting information plays major roles in managerial decision making by

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 1: Accounting Information Systems: an Overview

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Which of the following statements below shows the contrast between data and information?

Paid time-off policies,job descriptions,and procedures manuals are examples of information needed to support key decisions in what business process?

Many modern accounting software packages offer separate transaction cycle modules.What is the reason for this?

Differentiate between an AIS course and other accounting courses.

Information that is free from error or bias and accurately represents the events or activities of the organization is

Information is

The business owners obtain financing from outside investors,which results in an inflow of cash into the company.This transaction is considered to be part of which cycle?

The process of creating value for customers is the result of nine activities that form a

Who of the following would not be involved in the revenue cycle?

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

The transaction cycle that includes the events of hiring employees and paying them is known as the

One activity within the value chain is research and development.This activity can be identified as a

Paying federal payroll taxes is part of which transaction cycle?

Which of the following is not a transaction cycle?

Accounting information plays major roles in managerial decision making by

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters