Question 1

Knowledge management is important to the study of accounting information systems because, like business processes, it:

Accepted Answer

A) Represents one way to create value for stakeholders. 
B) Crosses functional boundaries such as the accounting department and the purchasing department. 
C) Both represents one way to create value for stakeholders and crosses functional boundaries such as the accounting department and the purchasing department. 
D) Neither represents one way to create value for stakeholders nor crosses functional boundaries such as the accounting department and the purchasing department. 
A) Represents one way to create value for stakeholders. 
B) Crosses functional boundaries such as the accounting department and the purchasing department. 
C) Both represents one way to create value for stakeholders and crosses functional boundaries such as the accounting department and the purchasing department. 
D) Neither represents one way to create value for stakeholders nor crosses functional boundaries such as the accounting department and the purchasing department. C

Question 2

Samantha and Josephine were preparing to start their own clothing business; they contacted their friend David, a recent graduate from Big State University's accounting program, to learn about setting up their accounting information system.Which of the following questions should David ask them as part of Step 1 of Steps for Better Thinking?

Accepted Answer

A) What is your budget for developing the AIS? 
B) Which is more important to you: cost or quality? 
C) Either what is your budget for developing the AIS? or which is more important to you: cost or quality? 
D) Neither what is your budget for developing the AIS? nor which is more important to you: cost or quality? 
A) What is your budget for developing the AIS? 
B) Which is more important to you: cost or quality? 
C) Either what is your budget for developing the AIS? or which is more important to you: cost or quality? 
D) Neither what is your budget for developing the AIS? nor which is more important to you: cost or quality? A

Question 3

In preparation for her retirement, Debra, the chief information officer of TPC Corporation, developed a diagram that showed all her areas of responsibility and how they were related to one another.Her actions contributed to which of Call's seven steps for creating a knowledge management system?

Accepted Answer

A) The first step only. 
B) The fourth step only. 
C) Both the first and fourth steps. 
D) Neither the first nor the fourth step. 
A) The first step only. 
B) The fourth step only. 
C) Both the first and fourth steps. 
D) Neither the first nor the fourth step. B

Question 4

Consider the following independent situations as you answer the questions: 
A.Irene, a freshman accounting major, thought she would benefit from reading an intermediate accounting text while taking introductory financial accounting.
B.Bradley developed a plan to study for all four parts of the CPA exam during his last semester at college, thus making himself ready to take the exam immediately after graduation.
C.Jorge met weekly with a group of five students, all of whom were preparing their resume for the very first time.
D.Every time Maria encountered a topic she did not understand in her accounting information systems course, she did a Google search for it.Bradley would benefit from which of the following countermeasures for information overload?

Accepted Answer

A) Allow more time to complete important tasks. 
B) Use graphs and other visual aids. 
C) Both allow more time to complete important tasks and use graphs and other visual aids. 
D) Neither allow more time to complete important tasks nor use graphs and other visual aids. 
A) Allow more time to complete important tasks. 
B) Use graphs and other visual aids. 
C) Both allow more time to complete important tasks and use graphs and other visual aids. 
D) Neither allow more time to complete important tasks nor use graphs and other visual aids.

Question 5

Consider the following short case as you respond to the question: Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of whom are already licensed CPAs and some of whom are still working toward licensure.She is responsible for audits of independent bookstores in California, Nevada and Arizona.Amanda is concerned that the less experienced professionals she supervises are repeating the mistakes she and the more experienced professionals on her team made when they began auditing.She therefore wants to create a knowledge management system.Amanda's firm has set a goal that all audits be completed within seven days, regardless of the size and nature of the client.Thus, Amanda's team may be experiencing information overload due to:

Accepted Answer

A) Task and process parameters. 
B) Information characteristics. 
C) Both task and process parameters and information characteristics. 
D) Neither task and process parameters nor information characteristics. 
A) Task and process parameters. 
B) Information characteristics. 
C) Both task and process parameters and information characteristics. 
D) Neither task and process parameters nor information characteristics.

Question 6

Consider the following independent situations as you answer the questions: 
A.Irene, a freshman accounting major, thought she would benefit from reading an intermediate accounting text while taking introductory financial accounting.
B.Bradley developed a plan to study for all four parts of the CPA exam during his last semester at college, thus making himself ready to take the exam immediately after graduation.
C.Jorge met weekly with a group of five students, all of whom were preparing their resume for the very first time.
D.Every time Maria encountered a topic she did not understand in her accounting information systems course, she did a Google search for it.Which decision makers share at least one common cause of information overload?

Accepted Answer

A) Irene and Maria 
B) Irene and Bradley 
C) Bradley and Maria 
D) None of these 
A) Irene and Maria 
B) Irene and Bradley 
C) Bradley and Maria 
D) None of these

Question 7

One step in developing a knowledge management system is to create a visual map that describes units of knowledge and the relationships between them.In creating a knowledge management system focused on internal control, such a map might include which of the following?

Accepted Answer

A) COSO framework 
B) COBIT framework 
C) Both COSO framework and COBIT framework 
D) Neither COSO framework nor COBIT framework 
A) COSO framework 
B) COBIT framework 
C) Both COSO framework and COBIT framework 
D) Neither COSO framework nor COBIT framework

Question 8

Helena, the chief financial officer of TRM Corporation, attempted to explain the role and purpose of financial statements to employees in the production department with no prior training in accounting.Suggest two causes of information overload the production employees might experience; for each cause, suggest one countermeasure.

Accepted Answer

Note-other responses may also be accepta

Question 9

The generalized set of processes people use to gather, organize and retain information is often called:

Accepted Answer

A) Bounded rationality. 
B) Knowledge management. 
C) Enterprise risk management. 
D) Enterprise resource planning. 
A) Bounded rationality. 
B) Knowledge management. 
C) Enterprise risk management. 
D) Enterprise resource planning.

Question 10

Consider the following independent situations as you answer the questions: 
A.Irene, a freshman accounting major, thought she would benefit from reading an intermediate accounting text while taking introductory financial accounting.
B.Bradley developed a plan to study for all four parts of the CPA exam during his last semester at college, thus making himself ready to take the exam immediately after graduation.
C.Jorge met weekly with a group of five students, all of whom were preparing their resume for the very first time.
D.Every time Maria encountered a topic she did not understand in her accounting information systems course, she did a Google search for it.Jorge and his group would benefit from which of the following countermeasures for information overload?

Accepted Answer

A) Focus on creating value-added information. 
B) Compress, aggregate, categorize and structure information. 
C) Both focus on creating value-added information and compress, aggregate, categorize and structure information. 
D) Neither focus on creating value-added information nor compress, aggregate, categorize and structure information. 
A) Focus on creating value-added information. 
B) Compress, aggregate, categorize and structure information. 
C) Both focus on creating value-added information and compress, aggregate, categorize and structure information. 
D) Neither focus on creating value-added information nor compress, aggregate, categorize and structure information.

Question 11

List, in order, the seven steps to create a knowledge management system.

Accepted Answer

1.Create an organizational culture that

Question 12

The systems development life cycle would be most useful in the ___ step to create a knowledge management system.

Accepted Answer

A) First 
B) Sixth 
C) Both the first and the sixth 
D) Neither the first nor the sixth 
A) First 
B) Sixth 
C) Both the first and the sixth 
D) Neither the first nor the sixth

Question 13

Consider the following independent situations as you answer the questions: 
A.Irene, a freshman accounting major, thought she would benefit from reading an intermediate accounting text while taking introductory financial accounting.
B.Bradley developed a plan to study for all four parts of the CPA exam during his last semester at college, thus making himself ready to take the exam immediately after graduation.
C.Jorge met weekly with a group of five students, all of whom were preparing their resume for the very first time.
D.Every time Maria encountered a topic she did not understand in her accounting information systems course, she did a Google search for it.Which decision makers are experiencing information overload due to task and process parameters?

Accepted Answer

A) Bradley only 
B) Jorge only 
C) Both Bradley and Jorge 
D) Neither Bradley nor Jorge 
A) Bradley only 
B) Jorge only 
C) Both Bradley and Jorge 
D) Neither Bradley nor Jorge

Question 14

Robert and Claudia are partners in Retail Consulting Associates (RCA), a firm specializing in enterprise risk management for small retail businesses.As their client base expands, they want to develop a knowledge management system that will benefit themselves, their employees and their clients.They have established three key knowledge areas for RCA: costs of enterprise risk management, role of information technology in enterprise risk management and communication with clients.Use those three areas to complete the following knowledge map for RCA.

Accepted Answer

@#IMG-DLM&_TB4225_00 Costs: financial and nonfinan

Question 15

In response to information overload, decision makers can:

Accepted Answer

A) Allow more time to complete important tasks. 
B) Rely on informal language to describe information. 
C) Both allow more time to complete important tasks and rely on informal language to describe information. 
D) Neither allow more time to complete important tasks nor rely on informal language to describe information. 
A) Allow more time to complete important tasks. 
B) Rely on informal language to describe information. 
C) Both allow more time to complete important tasks and rely on informal language to describe information. 
D) Neither allow more time to complete important tasks nor rely on informal language to describe information.

Question 16

When a decision maker reaches the point where the amount of information actually integrated into a decision begins to decline, the decision maker is experiencing:

Accepted Answer

A) Information asymmetry. 
B) Information overload. 
C) Enterprise risk. 
D) Relapse errors. 
A) Information asymmetry. 
B) Information overload. 
C) Enterprise risk. 
D) Relapse errors.

Question 17

Which level of Steps for Better Thinking is indicated in each of the following?
a.Acquire background knowledge and skills.
b.Deal with limitations to the solution.
c.Identify the problem, relevant information and uncertainties.
d.Implement solutions.
e.Interpret and organize the information.

Accepted Answer

a.knowing
b.envision

Question 18

All of the following are types of Big Data except:

Accepted Answer

A) big transaction data. 
B) web and social media data. 
C) biometric data. 
D) accounting data. 
A) big transaction data. 
B) web and social media data. 
C) biometric data. 
D) accounting data.

Question 19

The COSO internal control framework includes "monitoring" as one component.Monitoring is most similar to which step in Steps for Better Thinking?

Accepted Answer

A) Identifying 
B) Exploring 
C) Prioritizing 
D) Envisioning 
A) Identifying 
B) Exploring 
C) Prioritizing 
D) Envisioning

Question 20

Divide the following examples of information overload causes into five groups based on the categories suggested by Eppler and Mengis.Specify the name of each group.1) Anxiety about job performance
2) Attempting a task for the first time
3) Disagreements about who should be a group leader
4) E-mail forwarded to a smart phone
5) Health conditions
6) Highly technical information
7) Information conveyed via symbols
8) Internet searches with very broad terms
9) Significant time pressure
10) Working with too large a group

Accepted Answer

Personal factors: 1, 5
Informa

Knowledge management is important to the study of accounting information systems because, like business processes, it:

In preparation for her retirement, Debra, the chief information officer of TPC Corporation, developed a diagram that showed all her areas of responsibility and how they were related to one another.Her actions contributed to which of Call's seven steps for creating a knowledge management system?

One step in developing a knowledge management system is to create a visual map that describes units of knowledge and the relationships between them.In creating a knowledge management system focused on internal control, such a map might include which of the following?

The generalized set of processes people use to gather, organize and retain information is often called:

List, in order, the seven steps to create a knowledge management system.

The systems development life cycle would be most useful in the ___ step to create a knowledge management system.

In response to information overload, decision makers can:

When a decision maker reaches the point where the amount of information actually integrated into a decision begins to decline, the decision maker is experiencing:

Which level of Steps for Better Thinking is indicated in each of the following? a.Acquire background knowledge and skills. b.Deal with limitations to the solution. c.Identify the problem, relevant information and uncertainties. d.Implement solutions. e.Interpret and organize the information.

All of the following are types of Big Data except:

The COSO internal control framework includes "monitoring" as one component.Monitoring is most similar to which step in Steps for Better Thinking?

Role and Purpose of Accounting Information Systems

Transaction Processing in the Ais

Internal Controls

Management Concepts

Information Systems Concepts

Flowcharting

Data Flow Diagramming

Rea Modeling

XBRL

E-Business and Enterprise Resource Planning Systems

Computer Crime and Information Technology Security

Salescollection Process

Acquisitionpayment Process

Other Business Processes

Professionalism, Ethics, and Career Planning

Auditing and Evaluating the Ais

Filters

Exam 14: Decision-Making Models and Knowledge Management

Knowledge management is important to the study of accounting information systems because, like business processes, it:

In preparation for her retirement, Debra, the chief information officer of TPC Corporation, developed a diagram that showed all her areas of responsibility and how they were related to one another.Her actions contributed to which of Call's seven steps for creating a knowledge management system?

One step in developing a knowledge management system is to create a visual map that describes units of knowledge and the relationships between them.In creating a knowledge management system focused on internal control, such a map might include which of the following?

The generalized set of processes people use to gather, organize and retain information is often called:

List, in order, the seven steps to create a knowledge management system.

The systems development life cycle would be most useful in the ___ step to create a knowledge management system.

In response to information overload, decision makers can:

When a decision maker reaches the point where the amount of information actually integrated into a decision begins to decline, the decision maker is experiencing:

Which level of Steps for Better Thinking is indicated in each of the following? a.Acquire background knowledge and skills. b.Deal with limitations to the solution. c.Identify the problem, relevant information and uncertainties. d.Implement solutions. e.Interpret and organize the information.

All of the following are types of Big Data except:

The COSO internal control framework includes "monitoring" as one component.Monitoring is most similar to which step in Steps for Better Thinking?

Role and Purpose of Accounting Information Systems

Transaction Processing in the Ais

Internal Controls

Management Concepts

Information Systems Concepts

Flowcharting

Data Flow Diagramming

Rea Modeling

XBRL

E-Business and Enterprise Resource Planning Systems

Computer Crime and Information Technology Security

Salescollection Process

Acquisitionpayment Process

Other Business Processes

Professionalism, Ethics, and Career Planning

Auditing and Evaluating the Ais

Filters