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 D

Question 2

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

Accepted Answer

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

Question 3

Clemente Santiago has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday takes calls from unhappy customers.Wednesday tosses finished coconuts into the sea,sending them to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.Which of the following functions in the value chain is Wednesday performing?

Accepted Answer

A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service 
A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service C

Question 4

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 5

Identify the false statement below.

Accepted Answer

A) Retail stores do not have a production cycle. 
B) Financial institutions have installment-loan cycles. 
C) Every organization should implement every transaction cycle module. 
D) A service company does not have an inventory system. 
A) Retail stores do not have a production cycle. 
B) Financial institutions have installment-loan cycles. 
C) Every organization should implement every transaction cycle module. 
D) A service company does not have an inventory system.

Question 6

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 7

Information that does not omit important aspects of the underlying events or activities that it measures is

Accepted Answer

A) complete. 
B) accessible. 
C) relevant. 
D) timely. 
A) complete. 
B) accessible. 
C) relevant. 
D) timely.

Question 8

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 9

In which transaction cycle would customer sales transaction information 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 10

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 11

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

Accepted Answer

The CITP designation stands for "Certifi

Question 12

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 13

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

Question 14

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 15

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

Accepted Answer

A) name of the employee who completed the sale 
B) daily sales quota 
C) product sold 
D) date 
A) name of the employee who completed the sale 
B) daily sales quota 
C) product sold 
D) date

Question 16

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 17

Clemente Santiago has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday takes calls from unhappy customers.Wednesday tosses finished coconuts into the sea,sending them to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.Which of the following functions in the value chain is Tuesday performing?

Accepted Answer

A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service 
A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service

Question 18

Discuss the seven characteristics of useful information.

Accepted Answer

The seven characteristics of useful info

Question 19

True or False: Corporate strategy should affect the way a firm deploys an accounting information system.

Accepted Answer

A) True 
 B)False

Question 20

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

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

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

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

Identify the false statement below.

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

Information that does not omit important aspects of the underlying events or activities that it measures is

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

In which transaction cycle would customer sales transaction information be most likely to pass between internal and external accounting information systems?

Identify how firms use predictive analysis.

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

The primary objective of accounting is to

Accounting information plays major roles in managerial decision making by

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

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

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

Discuss the seven characteristics of useful information.

True or False: Corporate strategy should affect the way a firm deploys an accounting information system.

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

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?

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

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

Identify the false statement below.

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

Information that does not omit important aspects of the underlying events or activities that it measures is

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

In which transaction cycle would customer sales transaction information be most likely to pass between internal and external accounting information systems?

Identify how firms use predictive analysis.

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

The primary objective of accounting is to

Accounting information plays major roles in managerial decision making by

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

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

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

Discuss the seven characteristics of useful information.

True or False: Corporate strategy should affect the way a firm deploys an accounting information system.

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

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