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ACC 356 Exam #1 Questions and Correct Answers | Latest Update $11.49   Add to cart

Exam (elaborations)

ACC 356 Exam #1 Questions and Correct Answers | Latest Update

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  • Course
  • ACC 356
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  • ACC 356

When the AIS provides information in a timely and accurate manner, it stands as an example of  -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 a...

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  • October 3, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ACC 356
  • ACC 356
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Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025


ACC 356 Exam #1 Questions and Correct
Answers | Latest Update
When the AIS provides information in a timely and accurate manner, it stands as an example

of


 -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


 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


 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


 organizational culture




Which of the following is not a transaction cycle?


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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

 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?


 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?


 Verifiable




The transaction cycle that includes the events of hiring employees and paying them is known as

the


 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



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