ACC 356 Exam 1 Questions And Answers With Latest Quiz
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Course
ACC 356
Institution
ACC 356
ACC 356 Exam 1 Questions And Answers With Latest Quiz
When the AIS provides information in a timely and accurate manner, it stands as an example of ANS -improving the quality and reducing the costs of products or services.
-improving efficiency.
-improved decision making.
A good example of...
ACC 356 Exam 1 Questions And Answers With Latest
Quiz
When the AIS provides information in a timely and accurate manner, it stands as an example of ANS -improving
the quality and reducing the costs of products or services.
-improving efficiency.
-improved decision making.
A good example of how an AIS is used to share knowledge within an organization is ANS the use of a corporate
database to help staff identify the relevant experts who can help with a particular client.
One group that relies on both the adequate collection and transformation of data for decision-making purposes for an
organization is ANS management
A change in the AIS that makes information more easily accessible and widely available within an organization is
most likely to first influence the ANS organizational culture
Which of the following is not a transaction cycle? ANS general ledger and reporting
Message left on an answering machine: "Hi Bob! Just got into town. 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? ANS Complete
Joe Marzetti has been the controller of Fairview Tires for 25 years. Ownership of the firm recently changed hands
and the new owners are conducting an audit of the financial records. The audit has been unable to reproduce
financial reports that were prepared by Marzetti. While there is no evidence of wrongdoing, the auditors are
concerned that the discrepancies might contribute to poor decisions. Which of the following characteristics of useful
information is absent in the situation described above? ANS Verifiable
The transaction cycle that includes the events of hiring employees and paying them is known as the ANS human
resources cycle
Razzmataz, Wisconsin, is a popular tourist destination. During the winter months, the population dwindles to a
meager few, but when summer comes, the size of the town surges. Chuck Hewitt is the town sanitation engineer.
When the size of the town surges, so do his responsibilities. Among them is management of the sewage processing
volume.In an interview with the local paper, Chuck complained that a report on tourist population that he uses to
adjust processing volume refers to data that was collected five days ago and it takes him a week to make
, adjustments.Which of the following characteristics of useful information is absent in the situation described above?
ANS Timely
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? ANS Inbound logistics
The American Institute of Certified Public Accountants (AICPA) has recognized the importance of AIS and the
major impact information technology has on the area of accounting. To recognize individual CPAs who have met
educational and experiential requirements in this area, the group formally created the designation known as ANS
the Certified Information Technology Professional.
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called ANS
transaction cycles
When two knowledgeable people acting independently each produce the same information, this information is said
to be ANS verifiable
Which of the following statements is false? ANS Every organization should implement every transaction cycle
module.
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? ANS Operations
One activity within the value chain is research and development. This activity can be identified as a ANS
technology activity
Which of the following is not an example of a common activity in an AIS? ANS recording of sales calls for
marketing purposes
Information that reduces uncertainty, improves decision makers' ability to make predictions, or confirms or corrects
their prior expectations, is said to be ANS relevant
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