Exam 1: Accounting Information Systems: An Overview

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Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.
XBRL
A way of viewing the company's activities in a manner suited to analyzing competitive advantages
Telecommuting
Allows employees to work at home and still have direct interaction with the organization's information systems
JIT
An information system tailored to the information needs of top management
Correct Answer:
Verified
Premises:
Responses:
XBRL
A way of viewing the company's activities in a manner suited to analyzing competitive advantages
Telecommuting
Allows employees to work at home and still have direct interaction with the organization's information systems
JIT
An information system tailored to the information needs of top management
Total quality management
A synonym for the acronym TQP
OA
A universal formatting language used for exchanging business documents via the Internet
Primary business processes
The use of electronic technology in the office or workplace
Value chain
Data are processed into a decision-making format for the end user
Web Trust
A continuous flow environment that seeks to minimize or totally eliminate inventories
DSS
Involves inbound and outbound logistics, operations, marketing, and service
Executive information system
Seal of approval from the AICPA certifying that a Web site has met certain standards
(Matching)
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Which of the following groups would not be considered external users of the company's information?

(Multiple Choice)
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When should the actual users of a system be involved when a new system is being developed?

(Multiple Choice)
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________ are the only physical items that are absolutely required for a user of cloud computing.

(Multiple Choice)
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A(n)________ ________ ________ is a type of information system that supports nonroutine needs for information,while ________ systems support routine,nonrecurring information needs.

(Short Answer)
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Cloud computing describes the increasing trend for data processing capabilities to be provided as a service via the Internet.

(True/False)
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The preparation of forecasts and analyses used by management in planning and controlling the operations of the organization is generally a(n)

(Multiple Choice)
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Good documentation means that records should be maintained by all parties involved in a transaction.

(True/False)
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Enterprise ________ suite uses a group of individual packages that work with each other on a Web browser as opposed to one large ERP software package.

(Short Answer)
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External users of accounting information include stockholders,investors,creditors,government agencies,customers and vendors,competitors,labor unions,and the public at large.

(True/False)
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A common violation of the ________ principle is the delegation of both accounting and financial responsibilities to the same individual or department.

(Short Answer)
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Which statement regarding internal control is false?

(Multiple Choice)
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Which systems permit the reprogramming of computers to produce entirely different products in the same manufacturing facility with the same equipment?

(Multiple Choice)
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________ is an automated clearing house system used for the clearing of Eurodollar payments between U.S.and non-U.S.financial institutions.

(Short Answer)
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In ________ ________ ________,computers take control of the entire production process (CIM)but also can be reprogrammed so the same processes can produce entirely different products.

(Short Answer)
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Green IT is concerned with reducing ________ through recycling and reusing electronic products rather than discarding these products.

(Short Answer)
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The ________ is the head of the information systems function in an organization.

(Short Answer)
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The ISO 9001 is a(n)________-management standard published by the International Standards Organization.

(Short Answer)
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A just-in-time manufacturing system is one form of lean manufacturing.

(True/False)
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Which of the steps below is not part of the systems approach process?

(Multiple Choice)
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