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Exam 1: Accounting Information Systems: an Overview

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Question 51

Multiple Choice

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

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

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verified

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Question 52

Multiple Choice

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Which of the following tradeoffs between characteristics of useful information is least objectionable?

A) incomplete information received on a timely basis
B) irrelevant information received in an understandable format
C) unreliable information easily accessible
D) verifiable information received in unreadable format

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Question 53

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How can a well-designed AIS improve the efficiency and effectiveness of a company's value chain?

How can query languages be used to help make better decisions?

Chopra,Limited,is an Indian company operating in New York state.It offers stylized,boutique public relations services to upscale retailers in quaint New England towns.A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns.Preparation of the newsletter requires study and analysis of weather conditions,economic activity,and travel costs.It is available at an annual subscription rate of $299.99.There are currently 190 subscribers.Preparation and distribution of the newsletter costs $12,000 annually.The value of information to subscribers is

The AIS must include controls to ensure

How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information?

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.

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

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

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

Obtaining financing from outside investors is part of which cycle?

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

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called