AIS Final Exam 1 Questions & Answers 2024/2025
Arranging delivery of products to customers constitutes ________ in value chain analysis. - ANSWERSOutbound logisitcs
Information that is free from error or bias and accurately represents the events or activities of the organization is - ANSWER...
Arranging delivery of products to customers constitutes ________ in value chain analysis. -
ANSWERSOutbound logisitcs
Information that is free from error or bias and accurately represents the events or activities of the
organization is - ANSWERSreliable
An accounting information system (AIS) processes ________ to provide users with ________. -
ANSWERSdata; information
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 - ANSWERSgoal conflict
The ________ is not a transaction cycle. - ANSWERSG/L and Reporting cycle
Which of the following is not an example of how an AIS adds value to an organization? - ANSWERSAll
employees at a hospital can access and update patient records form any computer terminal in the
hospital.
In which transaction cycle would information relating to employees benefit be most likely to pass
between internal and external accounting information systems? - ANSWERSthe HR-Payroll cycle
Before a firm can identify the information needed to effectively manage a process, the firm must -
ANSWERSunderstand the process
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? - ANSWERSacquiring inventory
, Information that does not omit important aspects of the underlying events or activities that it measures
is - ANSWERScomplete
In transaction processing, generally which activity comes first? - ANSWERScapturing data on source
documents
One way vendors help the customers when the vendors implement a new ERP system is to -
ANSWERSdevelop 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 - ANSWERSrevenue cycle
All of the following are disadvantages of an ERP system except - ANSWERSan ERP provides efficiencies
because information is entered once
Data must be collected about three facets of each business activity. What are they? - ANSWERSthe
business activity, the resources it affects, the people who participate
ERP stands for - ANSWERSenterprise resource planning
Changing a customer's credit limit would be recorded where? - ANSWERScustomer master file
The general ledger - ANSWERScontains summary-level data for every account of the organization
Place the correct numeric sequence of a chart of accounts next to the category (if only these existed) -
ANSWERSAssets 1000
Liabilities 2000
Equity 3000
Revenue 4000
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