Question 1

Which of the following statements is false?

Accepted Answer

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

Question 2

Related records grouped together form a(n)

Accepted Answer

A) field. 
B) entity. 
C) file. 
D) database. 
A) field. 
B) entity. 
C) file. 
D) database.

Question 3

An AIS stores data by organizing smaller units of data into larger,more meaningful units.Briefly explain how data is stored in AIS.

Accepted Answer

The smallest unit of data is known as a

Question 4

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 5

The premier buyer and seller of vintage action figures in the San Francisco Bay area is Vini Vidi Geeky.Since 1996,the owner,Glamdring Elfthrall,has leveraged computer technology to provide a superior level of customer service.In particular,the store's database system was designed to make detailed information about each individual action figure's characteristics easily accessible.Price information and condition are also provided for each inventory item.In this database,the data about an individual figure is a(an)

Accepted Answer

A) entity. 
B) attribute. 
C) field. 
D) record. 
A) entity. 
B) attribute. 
C) field. 
D) record.

Question 6

A company you have been asked to examine as part of an AIS consulting engagement employs a cashier who handles all cash receipts from customers.The cashier counts the cash daily,prepares the bank deposit,and carries the deposit to the bank every day after work.In addition,the cashier authorizes all discounts and allowances and decides when uncollectible accounts will be written off.Finally,because the accounting department is overworked at times,the cashier is allowed to post cash payments to customer accounts and reconcile the bank account.Outline how a dishonest cashier could misuse all these responsibilities to steal cash from the company.

Accepted Answer

This procedure represents a gross violat

Question 7

When the sum of all entries in the subsidiary ledger equals the amount in the corresponding general ledger account,it is assumed that (select all that apply)

Accepted Answer

A) the recording and posting processes are accurate. 
B) all of the transaction cycles have been completed. 
C) since the ledgers are in balance,adjusting entries are not required. 
D) no errors exist in the subsidiary ledger and corresponding general ledger account. 
A) the recording and posting processes are accurate. 
B) all of the transaction cycles have been completed. 
C) since the ledgers are in balance,adjusting entries are not required. 
D) no errors exist in the subsidiary ledger and corresponding general ledger account.

Question 8

A report which shows actual results,budgets,and variances is called a

Accepted Answer

A) financial plan. 
B) cash budget. 
C) performance report. 
D) managerial report. 
A) financial plan. 
B) cash budget. 
C) performance report. 
D) managerial report.

Question 9

Documents generated at the end of transaction processing activities are called

Accepted Answer

A) financial statements 
B) operational documents 
C) reports 
D) source documents 
A) financial statements 
B) operational documents 
C) reports 
D) source documents

Question 10

Performance reports are primarily used for

Accepted Answer

A) financial control. 
B) cash planning. 
C) forecasting. 
D) financial planning. 
A) financial control. 
B) cash planning. 
C) forecasting. 
D) financial planning.

Question 11

Data must be collected about three facets of each business activity.What are they?

Accepted Answer

A) the business activity,the resources it affects,the people who participate 
B) the business activity,the transactions it creates,the impact on the financial statements 
C) the inputs,outputs and processes used 
D) who is involved,what was sold,how much was paid 
A) the business activity,the resources it affects,the people who participate 
B) the business activity,the transactions it creates,the impact on the financial statements 
C) the inputs,outputs and processes used 
D) who is involved,what was sold,how much was paid

Question 12

Certain documents or forms are generated and/or processed with each transaction cycle.The issuing of a purchase order is part of which transaction cycle?

Accepted Answer

A) the revenue cycle 
B) the production cycle 
C) the human resources cycle 
D) the expenditure cycle 
A) the revenue cycle 
B) the production cycle 
C) the human resources cycle 
D) the expenditure cycle

Question 13

The general ledger account that corresponds to a subsidiary ledger account is known as a

Accepted Answer

A) dependent account. 
B) attribute account. 
C) entity account. 
D) control account. 
A) dependent account. 
B) attribute account. 
C) entity account. 
D) control account.

Question 14

A typical source document could be

Accepted Answer

A) in some paper form. 
B) a computer data entry screen. 
C) a notepad entry. 
D) both A and B 
A) in some paper form. 
B) a computer data entry screen. 
C) a notepad entry. 
D) both A and B

Question 15

Basic data storage concepts define both entities and attributes.An entity is something about which information is stored.Which item below would not be considered an entity?

Accepted Answer

A) a customer address 
B) a customer 
C) an employee 
D) an inventory item 
A) a customer address 
B) a customer 
C) an employee 
D) an inventory item

Question 16

Describe the basic business activities and transactions for a typical merchandising company.

Accepted Answer

Revenue - sell goods and services to cus

Question 17

Regarding codes,which of the following is false?

Accepted Answer

A) The code should be consistent with its intended use. 
B) Codes should allow for growth in the number of items to be coded. 
C) Coding systems should be as simple as possible. 
D) Coding systems need not be consistent across divisions of an organization. 
A) The code should be consistent with its intended use. 
B) Codes should allow for growth in the number of items to be coded. 
C) Coding systems should be as simple as possible. 
D) Coding systems need not be consistent across divisions of an organization.

Question 18

What is an audit trail?

Accepted Answer

An audit trail provides a means to check

Question 19

Hector Sanchez works in the accounting department of a multinational manufacturing firm.A large part of his job involves updating accounts receivable based on sales reports and payments received.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 20

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of:

Accepted Answer

A) internal financial information. 
B) internal nonfinancial information. 
C) external financial information. 
D) external nonfinancial information. 
A) internal financial information. 
B) internal nonfinancial information. 
C) external financial information. 
D) external nonfinancial information.

Which of the following statements is false?

Related records grouped together form a(n)

An AIS stores data by organizing smaller units of data into larger,more meaningful units.Briefly explain how data is stored in AIS.

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

When the sum of all entries in the subsidiary ledger equals the amount in the corresponding general ledger account,it is assumed that (select all that apply)

A report which shows actual results,budgets,and variances is called a

Documents generated at the end of transaction processing activities are called

Performance reports are primarily used for

Data must be collected about three facets of each business activity.What are they?

Certain documents or forms are generated and/or processed with each transaction cycle.The issuing of a purchase order is part of which transaction cycle?

The general ledger account that corresponds to a subsidiary ledger account is known as a

A typical source document could be

Basic data storage concepts define both entities and attributes.An entity is something about which information is stored.Which item below would not be considered an entity?

Describe the basic business activities and transactions for a typical merchandising company.

Regarding codes,which of the following is false?

What is an audit trail?

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

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of:

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

Which of the following statements is false?

Related records grouped together form a(n)

An AIS stores data by organizing smaller units of data into larger,more meaningful units.Briefly explain how data is stored in AIS.

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

When the sum of all entries in the subsidiary ledger equals the amount in the corresponding general ledger account,it is assumed that (select all that apply)

A report which shows actual results,budgets,and variances is called a

Documents generated at the end of transaction processing activities are called

Performance reports are primarily used for

Data must be collected about three facets of each business activity.What are they?

Certain documents or forms are generated and/or processed with each transaction cycle.The issuing of a purchase order is part of which transaction cycle?

The general ledger account that corresponds to a subsidiary ledger account is known as a

A typical source document could be

Basic data storage concepts define both entities and attributes.An entity is something about which information is stored.Which item below would not be considered an entity?

Describe the basic business activities and transactions for a typical merchandising company.

Regarding codes,which of the following is false?

What is an audit trail?

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

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of:

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