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WGU C724 Accounting Information Systems Pre-Assessment Questions and Answers (2022/2023) (Verified Answers) $12.00   Add to cart
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WGU C724 Accounting Information Systems Pre-Assessment Questions and Answers (2022/2023) (Verified Answers)
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WGU C724 Accounting Information Systems Pre-Assessment Questions and Answers (2022/2023) (Verified Answers)

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  • May 20, 2023
  • 38
  • 2022/2023
  • Exam (elaborations)
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  • wgu c724 accounting information systems pre assessment questions and answers 20222023 verified answers

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Accounting Information Systems Pre-Assessment

1. What are two traits of useful information?




a) accessibility

b) reliability

c) measurability

d) quantifiability: A & B


2. Businesses must pay a variety of taxes.

Match each item of information to the type of tax that requires it. Answer

options may be used more than once or not at all.




a) point-of-purchase rate tables

b) total wage expense

c) total sales





,1) sales tax

2) payroll tax: a) 1

b) 2

c) 1


3. Which events are part of the revenue cycle?




a) hiring employees, preparing payroll, and paying taxes




b) purchasing raw materials, manufacturing products, and storing

finished products




c) forecasting cash needs, borrowing money from lenders, and selling

stock to investors




d) taking orders from customers, shipping finished goods, and

depositing payments in the bank: D


,4. Which three actions are part of the revenue cycle?




a) requesting raw material be purchased

b) receiving and answering customer inquiries

c) recruiting sales order staff

d) approving credit sales of finished goods

e) initiating back orders for finished goods that are out of stock

f) updating accounts payable: B, D, E






, 5. In which two ways does an accounting information system (AIS)

safeguard assets?




a) by preventing employees from using company devices to access

the Internet




b) by requiring a correct password to be entered to access the

company network




c) by restricting access to paper files, network servers, and other

physical assets




d) by providing tools to alert managers when an unauthorized user

attempts to use the assets: B, D


6. Match each function of an accounting information system with the type

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