Question 1

Identify the piece of information below that is typically needed to acquire a building.

Accepted Answer

A)   job descriptions
B)   vendor performance
C)   market coverage
D)   capacity needs

Question 2

In Chapter 1,Figure 1-4 shows the factors that influence the design of AIS.The diagram shows a bi-directional arrow between the organizational culture and the AIS.The reason for this two-way interchange between organizational culture and AIS is

Accepted Answer

A)   that the AIS should not influence the values of the organizational culture.
B)   because the organization's culture influences the AIS, and likewise the AIS influences the organization's culture by controlling the flow of information within the organization.
C)   due to the transfer of managers between the two corporate elements.
D)   the AIS impacts the organization's key strategies.

Question 3

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

Accepted Answer

A)   the location
B)   pro forma income statement
C)   how much capital to acquire
D)   job descriptions

Question 4

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

Accepted Answer

Since every organization does not necess...

Question 5

In which transaction cycle would information for paying employees 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

Question 6

Obtaining financing from outside investors is part of which cycle?

Accepted Answer

A)   the revenue cycle
B)   the financing cycle
C)   the production cycle
D)   the payroll cycle

Question 7

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

Question 8

Discuss the seven characteristics of useful information.

Accepted Answer

The seven characteristics of useful info...

Question 9

Information that is free from error or bias and accurately represents the events or activities of the organization is

Accepted Answer

A)   relevant.
B)   reliable.
C)   verifiable.
D)   timely.

Question 10

________ information reduces uncertainty,improves decision makers' ability to make predictions,or confirms expectations.

Accepted Answer

A)   Timely
B)   Reliable
C)   Relevant
D)   Complete

Question 11

A good example of how an AIS is used to share knowledge within an organization is

Accepted Answer

A)   the use of a corporate database to help staff identify the relevant experts who can help with a particular client.
B)   the use of tablets to access a network for messaging worldwide.
C)   the monitoring of production equipment to watch for defects.
D)   the use of point-of-sale data to determine hot-selling items.

Question 12

Corporate strategy should affect the way a firm deploys an accounting information system.

Accepted Answer

A) True 
 B)False

Question 13

The ________ is not a transaction cycle.

Accepted Answer

A)   general ledger and reporting cycle
B)   expenditure cycle
C)   revenue cycle
D)   human resources cycle

Question 14

Identify the piece of information below that is typically needed to hire and train employees.

Accepted Answer

A)   job descriptions
B)   vendor performance
C)   market coverage
D)   capacity needs

Question 15

Wisconsin Dells,Wisconsin,is a popular tourist destination.During the winter months,the population dwindles to a meager few,but when summer comes,the size of the town surges.Hunter Jackson is the town sanitation engineer.When the size of the town surges,so do his responsibilities.Among them is management of the sewage processing volume. In an interview with the local paper,Hunter complained that a report on tourist population that he uses to adjust processing volume refers to data that was collected four days ago and it takes him a week to make adjustments.Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A)   relevant
B)   reliable
C)   complete
D)   timely
E)   understandableF)  verifiableG)  accessible

Question 16

Identify the piece of information below that is typically needed to acquire inventory.

Accepted Answer

A)   job descriptions
B)   vendor performance
C)   market coverage
D)   capacity needs

Question 17

Which of the following is a true statement?

Accepted Answer

A)   Business strategy directly influences AIS, but not information technology.
B)   Information technology directly influences organizational culture, but not business strategy.
C)   Organizational culture directly influences business strategy, but not AIS.
D)   AIS directly influences information technology, but not business strategy.

Question 18

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

Accepted Answer

An AIS consists of six components: peopl...

Question 19

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Accepted Answer

A)   management.
B)   interested outsiders.
C)   competitors.
D)   the government.

Question 20

One activity within the value chain is research and development.This activity can be identified as a

Accepted Answer

A)   firm infrastructure activity.
B)   human resources activity.
C)   technology activity.
D)   purchasing activity.

Exam 1: Accounting Information Systems: an Overview

Identify the piece of information below that is typically needed to acquire a building.

Correct Answer
verified

Identify the piece of information below that is typically needed to acquire inventory.

Correct Answer
verified

Discuss the seven characteristics of useful information.

Correct Answer
verified
The seven characteristics of useful info...
View Answer

Information that is free from error or bias and accurately represents the events or activities of the organization is

Correct Answer
verified

The ________ is not a transaction cycle.

Correct Answer
verified

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

Correct Answer
verified
Since every organization does not necess...
View Answer

In which transaction cycle would information for paying employees be most likely to pass between internal and external accounting information systems?

Correct Answer
verified

In Chapter 1,Figure 1-4 shows the factors that influence the design of AIS.The diagram shows a bi-directional arrow between the organizational culture and the AIS.The reason for this two-way interchange between organizational culture and AIS is

Correct Answer
verified

A good example of how an AIS is used to share knowledge within an organization is

Correct Answer
verified

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

Correct Answer
verified

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Correct Answer
verified

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

Correct Answer
verified
An AIS consists of six components: peopl...
View Answer

Corporate strategy should affect the way a firm deploys an accounting information system.

Correct Answer
verified

________ information reduces uncertainty,improves decision makers' ability to make predictions,or confirms expectations.

Correct Answer
verified

Correct Answer
verified

Which of the following is a true statement?

Correct Answer
verified

Identify the piece of information below that is typically needed to hire and train employees.

Correct Answer
verified

Obtaining financing from outside investors is part of which cycle?

Correct Answer
verified

Identify how firms use predictive analysis.

Correct Answer
verified

One activity within the value chain is research and development.This activity can be identified as a

Correct Answer
verified

Exam 1: Accounting Information Systems: an Overview

Identify the piece of information below that is typically needed to acquire a building.

Correct AnswerverifiedShow Answer

Identify the piece of information below that is typically needed to acquire inventory.

Correct AnswerverifiedShow Answer

Discuss the seven characteristics of useful information.

Correct AnswerverifiedThe seven characteristics of useful info...View AnswerShow Answer

Information that is free from error or bias and accurately represents the events or activities of the organization is

Correct AnswerverifiedShow Answer

The ________ is not a transaction cycle.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedSince every organization does not necess...View AnswerShow Answer

In which transaction cycle would information for paying employees be most likely to pass between internal and external accounting information systems?

Correct AnswerverifiedShow Answer

In Chapter 1,Figure 1-4 shows the factors that influence the design of AIS.The diagram shows a bi-directional arrow between the organizational culture and the AIS.The reason for this two-way interchange between organizational culture and AIS is

Correct AnswerverifiedShow Answer

A good example of how an AIS is used to share knowledge within an organization is

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Correct AnswerverifiedShow Answer

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

Correct AnswerverifiedAn AIS consists of six components: peopl...View AnswerShow Answer

Corporate strategy should affect the way a firm deploys an accounting information system.

Correct AnswerverifiedShow Answer

________ information reduces uncertainty,improves decision makers' ability to make predictions,or confirms expectations.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is a true statement?

Correct AnswerverifiedShow Answer

Identify the piece of information below that is typically needed to hire and train employees.

Correct AnswerverifiedShow Answer

Obtaining financing from outside investors is part of which cycle?

Correct AnswerverifiedShow Answer

Identify how firms use predictive analysis.

Correct AnswerverifiedShow Answer

One activity within the value chain is research and development.This activity can be identified as a

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The seven characteristics of useful info...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Since every organization does not necess...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
An AIS consists of six components: peopl...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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