Question 1

Some information will have to be collected from __________ sources to determine,for example,customer satisfaction.

Accepted Answer

A) external 
B) internal 
C) regulatory 
D) competitive 
A) external 
B) internal 
C) regulatory 
D) competitive

Question 2

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

Accepted Answer

Since every organization does not necess

Question 3

Characteristics of interest that need to be stored are

Accepted Answer

A) attribute 
B) database 
C) entity 
D) record 
A) attribute 
B) database 
C) entity 
D) record

Question 4

Which of the following is not one of the four types of file processing?

Accepted Answer

A) changing 
B) updating 
C) deleting 
D) altering 
A) changing 
B) updating 
C) deleting 
D) altering

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

Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts payable based on purchase reports and payments made by the firm.His responsibilities are part of the firm's

Accepted Answer

A) revenue cycle. 
B) expenditure cycle. 
C) financing cycle. 
D) production cycle. 
A) revenue cycle. 
B) expenditure cycle. 
C) financing cycle. 
D) production cycle.

Question 7

The operations performed on data to generate meaningful and relevant information are referred to as

Accepted Answer

A) general ledger and reporting system 
B) accounting information system 
C) financial reporting 
D) data processing cycle 
A) general ledger and reporting system 
B) accounting information system 
C) financial reporting 
D) data processing cycle

Question 8

It has been said "measurement affects behavior." What does this mean as it applies to business?

Accepted Answer

Generally speaking,when employees become

Question 9

A specialized journal would be most likely to be used to enter

Accepted Answer

A) sales transactions. 
B) depreciation adjustments. 
C) end-of-year closing transactions. 
D) annual mortgage payments on land and structures. 
A) sales transactions. 
B) depreciation adjustments. 
C) end-of-year closing transactions. 
D) annual mortgage payments on land and structures.

Question 10

The basic "give and take" functions of a business have been grouped into transaction cycles.The 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 11

A general journal

Accepted Answer

A) is used to record infrequent or non-routine transactions. 
B) simplifies the process of recording large numbers of repetitive transactions. 
C) records all detailed data for any general ledger account that has individual sub-accounts. 
D) contains summary-level data for every account of the organization. 
A) is used to record infrequent or non-routine transactions. 
B) simplifies the process of recording large numbers of repetitive transactions. 
C) records all detailed data for any general ledger account that has individual sub-accounts. 
D) contains summary-level data for every account of the organization.

Question 12

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Accepted Answer

A) give cash,get goods. 
B) give goods,get cash. 
C) give cash,get labor. 
D) give cash,get cash. 
A) give cash,get goods. 
B) give goods,get cash. 
C) give cash,get labor. 
D) give cash,get cash.

Question 13

Pre-numbering of source documents helps to verify that

Accepted Answer

A) all transactions have been recorded since the numerical sequence serves as a control. 
B) no inventory has been misplaced. 
C) documents have been used in order. 
D) all cash has been collected. 
A) all transactions have been recorded since the numerical sequence serves as a control. 
B) no inventory has been misplaced. 
C) documents have been used in order. 
D) all cash has been collected.

Question 14

One of the most important assumptions about how managers will act in a budget-controlled environment is that:

Accepted Answer

A) managers will largely ignore budgets. 
B) budgets must be too tight to encourage high aspirations. 
C) budget slack will exist in almost every budget and is negotiated by all managers. 
D) measurement affects behavior. 
A) managers will largely ignore budgets. 
B) budgets must be too tight to encourage high aspirations. 
C) budget slack will exist in almost every budget and is negotiated by all managers. 
D) measurement affects behavior.

Question 15

Federal Express stated in one of its mission statements that "positive control of each package will be maintained by utilizing ...electronic tracking and tracing systems." This is an example of which type of data processing?

Accepted Answer

A) real-time processing which features immediate updating as to the location of packages 
B) batch processing which features updating at fixed time periods 
C) real-time processing which features updating at fixed time periods such as at the end of an accounting period 
D) batch processing which features immediate updating as to the location of packages 
A) real-time processing which features immediate updating as to the location of packages 
B) batch processing which features updating at fixed time periods 
C) real-time processing which features updating at fixed time periods such as at the end of an accounting period 
D) batch processing which features immediate updating as to the location of packages

Question 16

An audit trail

Accepted Answer

A) provides the means to check the accuracy and validity of ledger postings. 
B) is provided by the ledger and the general journal. 
C) is automatically created in every computer-based information system. 
D) is a characteristic of interest. 
A) provides the means to check the accuracy and validity of ledger postings. 
B) is provided by the ledger and the general journal. 
C) is automatically created in every computer-based information system. 
D) is a characteristic of interest.

Question 17

Which of the following documents would be found in the expenditure cycle?

Accepted Answer

A) delivery ticket 
B) time card 
C) journal voucher 
D) purchase order 
A) delivery ticket 
B) time card 
C) journal voucher 
D) purchase order

Question 18

To be effective,the chart of accounts must

Accepted Answer

A) be as concise as possible. 
B) contain only five account categories. 
C) limit account codes to 10 digits or less. 
D) contain sufficient detail to meet the information needs of the specific organization's AIS. 
A) be as concise as possible. 
B) contain only five account categories. 
C) limit account codes to 10 digits or less. 
D) contain sufficient detail to meet the information needs of the specific organization's AIS.

Question 19

Identify an example of external source data that is important to an organization.

Accepted Answer

A) customer satisfaction as gauged by surveys 
B) staff salaries as a percentage of sales 
C) satisfaction of employees with their work environment 
D) sales revenue divided by the number of hours worked by the sales staff 
A) customer satisfaction as gauged by surveys 
B) staff salaries as a percentage of sales 
C) satisfaction of employees with their work environment 
D) sales revenue divided by the number of hours worked by the sales staff

Question 20

Which statement below regarding the AIS and managerial reports is false

Accepted Answer

A) The AIS must be able to provide managers with detailed and operational information about the organization's performance. 
B) Both traditional financial measures and operational data are required for proper and complete evaluation of performance. 
C) Most source documents capture both financial and operational data about business transactions. 
D) Traditionally,most AIS systems have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports. 
A) The AIS must be able to provide managers with detailed and operational information about the organization's performance. 
B) Both traditional financial measures and operational data are required for proper and complete evaluation of performance. 
C) Most source documents capture both financial and operational data about business transactions. 
D) Traditionally,most AIS systems have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports.

Some information will have to be collected from __________ sources to determine,for example,customer satisfaction.

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

Characteristics of interest that need to be stored are

Which of the following is not one of the four types of file processing?

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

Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts payable based on purchase reports and payments made by the firm.His responsibilities are part of the firm's

The operations performed on data to generate meaningful and relevant information are referred to as

It has been said "measurement affects behavior." What does this mean as it applies to business?

A specialized journal would be most likely to be used to enter

The basic "give and take" functions of a business have been grouped into transaction cycles.The cycle that includes the events of hiring employees and paying them is known as the

A general journal

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Pre-numbering of source documents helps to verify that

One of the most important assumptions about how managers will act in a budget-controlled environment is that:

Federal Express stated in one of its mission statements that "positive control of each package will be maintained by utilizing ...electronic tracking and tracing systems." This is an example of which type of data processing?

An audit trail

Which of the following documents would be found in the expenditure cycle?

To be effective,the chart of accounts must

Identify an example of external source data that is important to an organization.

Which statement below regarding the AIS and managerial reports is false

Accounting Information Systems

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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 2: Overview of Business Processes

Some information will have to be collected from __________ sources to determine,for example,customer satisfaction.

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

Characteristics of interest that need to be stored are

Which of the following is not one of the four types of file processing?

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

Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts payable based on purchase reports and payments made by the firm.His responsibilities are part of the firm's

The operations performed on data to generate meaningful and relevant information are referred to as

It has been said "measurement affects behavior." What does this mean as it applies to business?

A specialized journal would be most likely to be used to enter

The basic "give and take" functions of a business have been grouped into transaction cycles.The cycle that includes the events of hiring employees and paying them is known as the

A general journal

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Pre-numbering of source documents helps to verify that

One of the most important assumptions about how managers will act in a budget-controlled environment is that:

Federal Express stated in one of its mission statements that "positive control of each package will be maintained by utilizing ...electronic tracking and tracing systems." This is an example of which type of data processing?

An audit trail

Which of the following documents would be found in the expenditure cycle?

To be effective,the chart of accounts must

Identify an example of external source data that is important to an organization.

Which statement below regarding the AIS and managerial reports is false

Accounting Information Systems

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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