Question 1

Which activity below would not be considered to be a "top" accountant work activity?

Accepted Answer

A) process improvement 
B) input into future product marketing initiatives 
C) long-term strategic planning 
D) computer systems and operations 
A) process improvement 
B) input into future product marketing initiatives 
C) long-term strategic planning 
D) computer systems and operations

Question 2

The value of information can best be defined as

Accepted Answer

A) how useful it is to decision makers. 
B) the benefits produced by possessing and using the information minus the cost of producing it. 
C) how relevant it is. 
D) the extent to which it maximizes the value chain. 
A) how useful it is to decision makers. 
B) the benefits produced by possessing and using the information minus the cost of producing it. 
C) how relevant it is. 
D) the extent to which it maximizes the value chain.

Question 3

The Internet has changed the way many processes are performed in business today.The Internet has had a material effect on the five primary characteristics in the value chain and on the strategy adopted by businesses that incorporate use of the Web into their business systems.Which statement below is true regarding the Internet relative to a strategic position that a business may adopt?

Accepted Answer

A) Use of the Internet has reduced the power of buyers. 
B) The Internet has increased the barriers to entry in many industries. 
C) Use of the Internet reduces pressure to compete on price. 
D) The most important effect of the development of the Internet in business is the increased importance of adopting a viable business strategy. 
A) Use of the Internet has reduced the power of buyers. 
B) The Internet has increased the barriers to entry in many industries. 
C) Use of the Internet reduces pressure to compete on price. 
D) The most important effect of the development of the Internet in business is the increased importance of adopting a viable business strategy.

Question 4

Robinson Crusoe has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday,as you might expect,takes calls from curstomers,oops,I mean customers,who are unhappy with their coconuts.Wednesday tosses finished coconuts into the sea,whereupon they drift to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Monday performing?

Accepted Answer

A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service 
A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service

Question 5

This results when a subsystem achieves its goals while contributing to the organization's overall goal.

Accepted Answer

A) Goal conflict 
B) Goal congruence 
C) Value of information 
D) Systems congruence 
A) Goal conflict 
B) Goal congruence 
C) Value of information 
D) Systems congruence

Question 6

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 7

Define an accounting information system.

Accepted Answer

An AIS is a system that collec

Question 8

A principal focus of AIS is to assist with the decision-making function of an organization.The degree of support AIS can provide depends on the type of decision being made.Decisions are categorized in terms of the degree of existing structure or the effect of their scope.From the items below,select the description that is an example of a semi-structured decision.

Accepted Answer

A) selecting basic research projects to undertake 
B) setting a marketing budget for a new product 
C) extending credit to an established customer 
D) hiring a senior manager 
A) selecting basic research projects to undertake 
B) setting a marketing budget for a new product 
C) extending credit to an established customer 
D) hiring a senior manager

Question 9

Robinson Crusoe has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday,as you might expect,takes calls from curstomers,oops,I mean customers,who are unhappy with their coconuts.Wednesday tosses finished coconuts into the sea,whereupon they drift to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Friday performing?

Accepted Answer

A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service 
A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service

Question 10

An AIS must be able to fulfill three important functions in any organization.One such function is the collecting and storing of data about activities performed by the organization.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. 
A) management. 
B) interested outsiders. 
C) competitors. 
D) the government.

Question 11

How can an AIS add value to the organization?

Accepted Answer

An AIS can increase the efficiency and e

Question 12

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

Accepted Answer

The AIS can be designed to allow custome

Question 13

Discuss the steps in the supply chain.

Accepted Answer

The supply chain shows how an organizati

Question 14

The benefit produced by the information minus the cost of producing it.

Accepted Answer

A) Goal congruence 
B) Information 
C) Information overload 
D) Value of information 
A) Goal congruence 
B) Information 
C) Information overload 
D) Value of information

Question 15

Discuss the concept of a system and the issues of goal conflict and goal congruence.

Accepted Answer

A system is a set of two or more compone

Question 16

What is the purpose behind the five primary activities in the value chain?

Accepted Answer

The goal of the five primary activities

Question 17

Which of the following is not an example of a common activity in an AIS?

Accepted Answer

A) buy and pay for goods and services 
B) sell goods and services and collect cash 
C) summarize and report results to interested parties 
D) recording of sales calls for marketing purposes 
A) buy and pay for goods and services 
B) sell goods and services and collect cash 
C) summarize and report results to interested parties 
D) recording of sales calls for marketing purposes

Question 18

A decision that is repetitive,routine and well understood is

Accepted Answer

A) structured 
B) semistructured 
C) unstructured 
D) strategic 
A) structured 
B) semistructured 
C) unstructured 
D) strategic

Question 19

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

Accepted Answer

A) outbound logistics 
B) inbound logistics 
C) shipping 
D) delivery 
A) outbound logistics 
B) inbound logistics 
C) shipping 
D) delivery

Question 20

Regarding decision scope,which statement below is true?

Accepted Answer

A) Operational control is concerned with the effective and efficient use of resources for accomplishing organizational objectives. 
B) Management control is concerned with the effective and efficient performance of specific tasks. 
C) Strategic planning is concerned with establishing organizational objectives and policies for accomplishing those objectives. 
D) There is no real correlation between a manager's level in an organization and his or her decision-making responsibilities. 
A) Operational control is concerned with the effective and efficient use of resources for accomplishing organizational objectives. 
B) Management control is concerned with the effective and efficient performance of specific tasks. 
C) Strategic planning is concerned with establishing organizational objectives and policies for accomplishing those objectives. 
D) There is no real correlation between a manager's level in an organization and his or her decision-making responsibilities.

Which activity below would not be considered to be a "top" accountant work activity?

The value of information can best be defined as

This results when a subsystem achieves its goals while contributing to the organization's overall goal.

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.

Define an accounting information system.

How can an AIS add value to the organization?

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

Discuss the steps in the supply chain.

The benefit produced by the information minus the cost of producing it.

Discuss the concept of a system and the issues of goal conflict and goal congruence.

What is the purpose behind the five primary activities in the value chain?

Which of the following is not an example of a common activity in an AIS?

A decision that is repetitive,routine and well understood is

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

Regarding decision scope,which statement below is true?

Overview of Business Processes

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 1: Accounting Information Systems

Which activity below would not be considered to be a "top" accountant work activity?

The value of information can best be defined as

This results when a subsystem achieves its goals while contributing to the organization's overall goal.

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.

Define an accounting information system.

How can an AIS add value to the organization?

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

Discuss the steps in the supply chain.

The benefit produced by the information minus the cost of producing it.

Discuss the concept of a system and the issues of goal conflict and goal congruence.

What is the purpose behind the five primary activities in the value chain?

Which of the following is not an example of a common activity in an AIS?

A decision that is repetitive,routine and well understood is

In value chain analysis,what is the activity of arranging the delivery of products to customers called?

Regarding decision scope,which statement below is true?

Overview of Business Processes

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