Chapter 1 multiple choice Questions & Answers

Chapter 1 multiple choice Questions & Answers accounting information systems: a. are always computerized b. report only financial information c. are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control d. require a CITP designation to understand c Which of the following is not a characteristic of useful information: A. predictive value B. timeliness C. verifiable D. expensive to generate d Which of the folllowing is mandatory information: A. US Tax return B. the cost to produce a text book C. the number of US flags sold D. the cost to build a new Starbucks in China A The correct order of the value chain: A. inbound logistics/operations/service B. inbound logistics/outbound logistics/marketing and sales C. inbound logistics/operations/outbound logistics D. inbound logistics/operations/marketing and sales C What designation would be most appropriate for professional possessing IT audit, control, and security skills? a. CIA b. CPA c. CITP d. CISA d A supply chain: a. supplies bicycle chains b. refers to the flow of materials, information, payments, and services c. is similar in function and purpose to the value chain d. does not apply to a service firm b CRM software does not include: a. current customers b. prospective customers c. former customers d. current suppliers d The IT strategic roles of AIS investments are classified as: a. automate, informate, trasformate b. value creation, value destruction, value neutral c. digitize, report, transform d. automate, digitize, transport a According to a recent study, the IT strategic role that has the greatest impact on stock price is: a. informate b. digitize c. automate d. transformate d The income statement account most likely affected by supply chain management software: a. revenues b. COGS c. selling, general, and admin expenses d. unearned revenue b The balance sheet account most likely affected by supply chain management software: a. owner's equity b. inventory c. short term marketable securities d. p,p, and e b CRM software would most likely affect which account: a. selling, general, and admin expenses b. interest expense c. revenues d. COGS c Enterprise systems would generally be considered to be: a. internal business process b. external business process a A systems analyst fills which role: a. user b. manager c. designer d. evaluator c Which of these is the appropriate transformation from data to decision via the information value chain? a. data/information/knowledge/decision b. data/knowledge/information/decision c. data/business event/information/decision c. data/analysis/information/decision a