Question 1

Which of the following is not an example of a common activity in an AIS?

Accepted Answer

A)  buy and pay for goods and services 
B)  sell goods and services and collect cash 
C)  summarize and report results to interested parties 
D)  record sales calls for marketing purposes 
A)  buy and pay for goods and services 
B)  sell goods and services and collect cash 
C)  summarize and report results to interested parties 
D)  record sales calls for marketing purposes

Question 2

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 3

Inventory information is provided in real time by a firm's accounting information system.The accuracy of this information is questionable,however,since the production manager often reports stock outs of components that the system indicates are in stock.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 4

The value of information can best be determined by

Accepted Answer

A)  its usefulness to decision makers. 
B)  its relevance to decision makers. 
C)  the benefits associated with obtaining the information minus the cost of producing it. 
D)  the extent to which it optimizes the value chain. 
A)  its usefulness to decision makers. 
B)  its relevance to decision makers. 
C)  the benefits associated with obtaining the information minus the cost of producing it. 
D)  the extent to which it optimizes the value chain.

Question 5

In which transaction cycle would information for borrowing money 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 6

Cheryl Metrejean has been the controller of Downtown Tires for 25 years.Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records.The audit has been unable to reproduce financial reports that were prepared by Ms.Metrejean.While there is no evidence of wrongdoing,the auditors are concerned that the discrepancies might contribute to poor decisions.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 7

Discuss the concept of a system and the issues of goal conflict and goal congruence.

Accepted Answer

A system is a set of two or more compone

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Identify the party below that is not external to the firm.

Accepted Answer

A)  customer 
B)  vendor 
C)  government agencies 
D)  CEO 
A)  customer 
B)  vendor 
C)  government agencies 
D)  CEO

Question 10

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

Accepted Answer

Data: facts that are collected,entered,r

Question 11

What is the CITP designation and why is it important to AIS?

Accepted Answer

The CITP designation stands for "Certifi

Question 12

What is a key decision that needs to be made with regards to acquiring inventory?

Accepted Answer

A)  which credit cards to accept 
B)  which employees to hire 
C)  which vendors to use 
D)  how much capital to acquire 
A)  which credit cards to accept 
B)  which employees to hire 
C)  which vendors to use 
D)  how much capital to acquire

Question 13

The value chain concept is composed of two types of activities known as

Accepted Answer

A)  primary and support. 
B)  primary and secondary. 
C)  support and value. 
D)  technology and support. 
A)  primary and support. 
B)  primary and secondary. 
C)  support and value. 
D)  technology and support.

Question 14

In 2003,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 us can't figure out how to use it to do our jobs.Is there some way to print out a pick list?"
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 15

The transaction cycle approach yields efficiencies when processing of a large number of transactions because

Accepted Answer

A)  a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types. 
B)  transaction cycles are easier to computerize. 
C)  the transaction cycle approach represents the natural order of business. 
D)  transaction cycles are easy to understand. 
A)  a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types. 
B)  transaction cycles are easier to computerize. 
C)  the transaction cycle approach represents the natural order of business. 
D)  transaction cycles are easy to understand.

Question 16

How can query languages be used to help make better decisions?

Accepted Answer

A)  They can suggest a course of action. 
B)  They can gather relevant data for decision making. 
C)  They can help the decision maker to interpret results. 
D)  They can model choose among alternative courses of action. 
A)  They can suggest a course of action. 
B)  They can gather relevant data for decision making. 
C)  They can help the decision maker to interpret results. 
D)  They can model choose among alternative courses of action.

Question 17

When the AIS provides information in a timely and accurate manner,it stands as an example of

Accepted Answer

A)  improved decision making. 
B)  improving the quality and reducing the costs of products or services. 
C)  improving efficiency. 
D)  all of the above 
A)  improved decision making. 
B)  improving the quality and reducing the costs of products or services. 
C)  improving efficiency. 
D)  all of the above

Question 18

What is the purpose behind the five primary activities in the value chain?

Accepted Answer

The goal of the five primary activities

Question 19

A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the

Accepted Answer

A)  organizational culture. 
B)  customer base. 
C)  external financial statement users. 
D)  production activity. 
A)  organizational culture. 
B)  customer base. 
C)  external financial statement users. 
D)  production activity.

Question 20

________ are examples of activities that constitute inbound logistics

Accepted Answer

A)  Activities that transform inputs into final products or services 
B)  Activities that consist of receiving, storing, and distributing the materials used as inputs by the organization to create goods and/or services it sells 
C)  Activities that provide post-sale support to customers 
D)  Activities that help customers to buy the organization's products or services 
A)  Activities that transform inputs into final products or services 
B)  Activities that consist of receiving, storing, and distributing the materials used as inputs by the organization to create goods and/or services it sells 
C)  Activities that provide post-sale support to customers 
D)  Activities that help customers to buy the organization's products or services

Which of the following is not an example of a common activity in an AIS?

The primary objective of accounting is to

The value of information can best be determined by

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

Discuss the concept of a system and the issues of goal conflict and goal congruence.

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

Identify the party below that is not external to the firm.

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

What is the CITP designation and why is it important to AIS?

What is a key decision that needs to be made with regards to acquiring inventory?

The value chain concept is composed of two types of activities known as

The transaction cycle approach yields efficiencies when processing of a large number of transactions because

How can query languages be used to help make better decisions?

When the AIS provides information in a timely and accurate manner,it stands as an example of

What is the purpose behind the five primary activities in the value chain?

A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the

________ are examples of activities that constitute inbound logistics

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: Accounting Information Systems: an Overview

Which of the following is not an example of a common activity in an AIS?

The primary objective of accounting is to

The value of information can best be determined by

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

Discuss the concept of a system and the issues of goal conflict and goal congruence.

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

Identify the party below that is not external to the firm.

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

What is the CITP designation and why is it important to AIS?

What is a key decision that needs to be made with regards to acquiring inventory?

The value chain concept is composed of two types of activities known as

The transaction cycle approach yields efficiencies when processing of a large number of transactions because

How can query languages be used to help make better decisions?

When the AIS provides information in a timely and accurate manner,it stands as an example of

What is the purpose behind the five primary activities in the value chain?

A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the

________ are examples of activities that constitute inbound logistics

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