AIS: Exam 1 Quiz Questions and Answers correct

AIS: Exam 1 Quiz Questions and Answers correct Which of the following is not an example of how an AIS adds value to an organization? A. Suppliers are able to access sales data directly from the point-of-sale system of a retailer and deliver inventory automatically when needed B. Client tax files are encrypted and made available on the CPA firm's network to any employee with an access code. C. All employees at a hospital can access and update patient records from any computer terminal in the hospital D. A customer service representative can find a customer's account data, purchase history, payment history, and salesperson's name while on the phone with the customer, to resolve issues quickly. C. All employees at a hospital can access and update patient records from any computer terminal in the hospital A message on voicemail: "Hi Nikki! Just landed at the airport. How about dinner this evening if you're available. Call me!" Which of the following characteristics of useful information is absent in the situation described above? A. Relevant B. Reliable C. Complete D. Timely E. Verifiable C. Complete In which transaction cycle would information relating to employees benefit be most likely to pass between internal and external accounting information systems? A. The revenue cycle B. The expenditure cycle C. The human resources/payroll cycle D. The financing cycle C. The human resources/payroll cycle Arranging delivery of products to customers constitutes _____________ value chain analysis? A. Delivery B. Outbound logistics C. Shipping D. Inbound logistics B. Outbound logistics Information that does not omit important aspects of the underlying events or activities that it measures is.... A. Relevant B. Timely C. Complete D. Accessible C. Complete Before a firm can identify the information needed to effectively manage a process, the firm must... A. Purchase computers and/or workstations B. Understand the process C. Obtain internet access D. Hire an outside consultant B. Understand the process Baggins Incorporated identifies new product development and product improvement as the top corporate goals. An employee developed an innovation that will correct a shortcoming in one of the company's products. Although Baggins current Return on Investment (ROI) is 12%, the product innovation is expected to generate ROI of only 10%. As a result, awarding bonuses to employees based on ROI resulted in A. Goal confruence B. Goal conflict C. Decreased value of information D. Information overload B. Goal Conflict The ___________ is not a transaction cycle. A. Expenditure cycle B. Human resources cycle C. Revenue cycle D. General ledger and reporting cycle D. General ledger and reporting cycle An accounting information system process _______ to provide users with ___________. A. Information; data B. Data; information C. Data; transactions D. Data; benefits B. Data; information A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process? A. Acquiring inventory B. Paying employees C. Paying vendors D. Selling merchandise A. Acquiring inventory In transaction processing, generally which activity comes first? A. recording data in a general ledger B. capturing data on source documents C. posting items to special journals D. recording data in a journal B. capturing data on source documents One way vendors help their customers to implement a new ERP system is to... A. develop built-in configuration tools to address most of their customers' needs for system changes B. train their customers to use an existing system and build interfaces between it and their ERP system C. Encourage their customers to use decentralized databases D. All of the above A. develop built-in configuration tools to address most of their customers' needs for system changes John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company's... A. Revenue cycle B. Expenditure cycle C. Financing cycle D. Production cycle A. Revenue cycle All of the following are disadvantages of an ERP system except... A. an ERP provides efficiencies because information is entered once B. ERPs frequently cause organizations to change their business processes to standardized ones C. ERP software and hardware can cost midsized companies between $10 and $20 million dollars D. ERPs are relatively complex A. an ERP provides efficiencies because information is entered once Data must be collected about three facets of each business activity. What are they? A. who is involved, what was sold, how much was paid B. the business activity, the transactions it creates, the impact on the financial statements C. the inputs, outputs, and processes used D. the business activity, the resources it effects, and the people who participate D. the business activity, the resources it effects, and the people who participate ERP stands for... A. enterprise resource planning B. enterprise reporting program C. enterprise resource program D. None of the above A. enterprise resource planning