Question 1

Which of the following characteristics are common to both service and not-for-profit organizations?

Accepted Answer

A) Importance of professional employees 
B) Difficulty in measuring the quality and quantity of output 
C) Inability to inventory product 
D) all of the above 
A) Importance of professional employees 
B) Difficulty in measuring the quality and quantity of output 
C) Inability to inventory product 
D) all of the above D

Question 2

Which of the following is not a characteristic associated with professional service organizations?

Accepted Answer

A) Lack of a profit motive 
B) Absence of inventories 
C) Importance of human resources 
D) Difficulty in measuring the quantity and quality of output 
A) Lack of a profit motive 
B) Absence of inventories 
C) Importance of human resources 
D) Difficulty in measuring the quantity and quality of output A

Question 3

A major objective of professional service organizations is to:

Accepted Answer

A) Decrease billable hours 
B) Increase billable hours 
C) Increase time spent training employees 
D) Bill customers as frequently as possible 
A) Decrease billable hours 
B) Increase billable hours 
C) Increase time spent training employees 
D) Bill customers as frequently as possible B

Question 4

The objective of a manufacturing organization's production process is to convert
raw materials to finished goods as quickly as possible to free up cash resources.

Accepted Answer

A) True 
 B)False

Question 5

RFIDs allow firms to:

Accepted Answer

A) Track inventory more effectively 
B) Eliminate the use of databases 
C) Reduce the costs of ERP systems 
D) all of the above 
A) Track inventory more effectively 
B) Eliminate the use of databases 
C) Reduce the costs of ERP systems 
D) all of the above

Question 6

One distinguishing feature of organizations in the professional service industry is the difficulty in measuring the quantity and quality of their output.

Accepted Answer

A) True 
 B)False

Question 7

Financial planning models are useful to financial managers in helping them to determine an optimal strategy for acquiring and investing an organization's financial resources.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is not true?

Accepted Answer

A) Time and billing systems are similar to job order costing systems 
B) Time and billing systems are an important component of an AIS for manufacturing firms 
C) A difficult problem for professional service organizations Ris tracking staff time 
D) Time and billing systems are important in the professional service industry 
A) Time and billing systems are similar to job order costing systems 
B) Time and billing systems are an important component of an AIS for manufacturing firms 
C) A difficult problem for professional service organizations Ris tracking staff time 
D) Time and billing systems are important in the professional service industry

Question 9

An AIS's cost accounting subsystem is an important part of the production process.

Accepted Answer

A) True 
 B)False

Question 10

Inputs to the production process include job time cards,material requisition forms,and the master production schedule.

Accepted Answer

A) True 
 B)False

Question 11

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

Accepted Answer

A) True 
 B)False

Question 12

AISs can be used to evaluate the performance of not-for-profit organizations by:

Accepted Answer

A) Using various process measures 
B) Comparing budget goals to actual performance 
C) Using a number of nonmonetary measures of performance 
D) all of the above 
A) Using various process measures 
B) Comparing budget goals to actual performance 
C) Using a number of nonmonetary measures of performance 
D) all of the above

Question 13

The financing process concerns a company's acquisition and use of financial resources.

Accepted Answer

A) True 
 B)False

Question 14

It is generally true of not-for-profit organizations that they:

Accepted Answer

A) Are profit-oriented despite their name 
B) Are always evaluated using profit measures 
C) Are not governed by accounting standards 
D) Emphasize funds rather than income in their internal accounting systems 
A) Are profit-oriented despite their name 
B) Are always evaluated using profit measures 
C) Are not governed by accounting standards 
D) Emphasize funds rather than income in their internal accounting systems

Question 15

Business process reengineering:

Accepted Answer

A) Is an incremental approach to redesigning business processes 
B) Involves redesigning business processes from scratch 
C) Is rarely successful in cutting an organization's costs 
D) Is always welcomed by an organization's employees 
A) Is an incremental approach to redesigning business processes 
B) Involves redesigning business processes from scratch 
C) Is rarely successful in cutting an organization's costs 
D) Is always welcomed by an organization's employees

Question 16

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not a concern of the financing process?

Accepted Answer

A) Effective cash management 
B) Optimizing an organization's cost of capital 
C) Minimizing an organization's borrowings 
D) Projecting cash flows 
A) Effective cash management 
B) Optimizing an organization's cost of capital 
C) Minimizing an organization's borrowings 
D) Projecting cash flows

Question 18

Which of the following is most likely the primary reason that organizations are adopting enterprise asset management (EAM)systems?

Accepted Answer

A) To reduce overall operating expenses 
B) To automate manual operations 
C) To reduce the number of employees (labor costs) 
D) none of the above 
A) To reduce overall operating expenses 
B) To automate manual operations 
C) To reduce the number of employees (labor costs) 
D) none of the above

Question 19

All of the following are input documents for the production process,except:

Accepted Answer

A) A master production schedule 
B) A production order 
C) A material requirements planning document 
D) A bill of materials 
A) A master production schedule 
B) A production order 
C) A material requirements planning document 
D) A bill of materials

Question 20

Third party billing refers to:

Accepted Answer

A) Billing to clients by professional service organizations 
B) Billing to insurance companies by health care organizations 
C) The fact that the customer often does not pay directly for goods purchased in the health care industry 
D) both b and c are correct 
A) Billing to clients by professional service organizations 
B) Billing to insurance companies by health care organizations 
C) The fact that the customer often does not pay directly for goods purchased in the health care industry 
D) both b and c are correct

Which of the following characteristics are common to both service and not-for-profit organizations?

Which of the following is not a characteristic associated with professional service organizations?

A major objective of professional service organizations is to:

The objective of a manufacturing organization's production process is to convert raw materials to finished goods as quickly as possible to free up cash resources.

RFIDs allow firms to:

One distinguishing feature of organizations in the professional service industry is the difficulty in measuring the quantity and quality of their output.

Financial planning models are useful to financial managers in helping them to determine an optimal strategy for acquiring and investing an organization's financial resources.

Which of the following statements is not true?

An AIS's cost accounting subsystem is an important part of the production process.

Inputs to the production process include job time cards,material requisition forms,and the master production schedule.

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

AISs can be used to evaluate the performance of not-for-profit organizations by:

The financing process concerns a company's acquisition and use of financial resources.

It is generally true of not-for-profit organizations that they:

Business process reengineering:

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

Which of the following is not a concern of the financing process?

Which of the following is most likely the primary reason that organizations are adopting enterprise asset management (EAM)systems?

All of the following are input documents for the production process,except:

Third party billing refers to:

Accounting Information Systems and the Accountant

Information Technology and Aiss

Data Modeling

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Documenting Accounting Information Systems

Documenting Accounting Information Systems

Introduction to Internal Control Systems

Computer Controls for Organizations and Accounting Information Systems

Computer Crime,fraud,ethics,and Privacy

Information Technology Auditing

Developing and Implementing Effective Accounting Information Systems

Accounting on the Internet

Accounting on the Internet

Filters

Exam 8: Accounting Information Systems and Business Processes: Part II

Which of the following characteristics are common to both service and not-for-profit organizations?

Which of the following is not a characteristic associated with professional service organizations?

A major objective of professional service organizations is to:

The objective of a manufacturing organization's production process is to convert raw materials to finished goods as quickly as possible to free up cash resources.

RFIDs allow firms to:

One distinguishing feature of organizations in the professional service industry is the difficulty in measuring the quantity and quality of their output.

Financial planning models are useful to financial managers in helping them to determine an optimal strategy for acquiring and investing an organization's financial resources.

Which of the following statements is not true?

An AIS's cost accounting subsystem is an important part of the production process.

Inputs to the production process include job time cards,material requisition forms,and the master production schedule.

Not-for-profit organizations focus primarily on the flow of funds rather than income in their internal accounting systems.

AISs can be used to evaluate the performance of not-for-profit organizations by:

The financing process concerns a company's acquisition and use of financial resources.

It is generally true of not-for-profit organizations that they:

Business process reengineering:

Third party billing refers to the payment of many health care bills by insurance companies rather than by patients.

Which of the following is not a concern of the financing process?

Which of the following is most likely the primary reason that organizations are adopting enterprise asset management (EAM)systems?

All of the following are input documents for the production process,except:

Third party billing refers to:

Accounting Information Systems and the Accountant

Information Technology and Aiss

Data Modeling

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Documenting Accounting Information Systems

Documenting Accounting Information Systems

Introduction to Internal Control Systems

Computer Controls for Organizations and Accounting Information Systems

Computer Crime,fraud,ethics,and Privacy

Information Technology Auditing

Developing and Implementing Effective Accounting Information Systems

Accounting on the Internet

Accounting on the Internet

Filters