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AIS Exam 1 Ch 1,4 Questions & Answers 2024/2025

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AIS Exam 1 Ch 1,4 Questions & Answers 2024/2025 A set of two or more interrelated components that interact to achieve a goal is - ANSWERSa system This results when a subsystem achieves its goals while contributing to the organization's overall goal. - ANSWERSgoal congruence Facts that ar...

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AIS Exam 1 Questions & Answers 2024/2025

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AIS Exam 1 Questions & Answers 2024/2025 The generic structure of most accounting information systems comprises ___ elements: - ANSWERS5 Which of the following is an example of an AIS output? - ANSWERSStatement of Cash Flow Sienna used a stack of sales invoices to record journal entries i...

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AIS Exam 1 Study Guide Questions & Answers 2024/2025

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AIS Exam 1 Study Guide Questions & Answers 2024/2025 What is AIS? - ANSWERSa system that collects, records, stores, and processes data to produce useful information for decision makers What are the three major components of AIS? - ANSWERSInputs, Processing methods, and outputs Inputs - AN...

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AIS Exam Questions & Answers 2024/2025

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AIS Exam Questions & Answers 2024/2025 Which of the following statements is correct concerning internal control when a client is using an electronic data interchange system for its sales: controls should be established over determining that all suppliers are included in the system encrypt...

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AIS Study Exam I Questions & Answers 2024/2025

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AIS Study Exam I Questions & Answers 2024/2025 How can the outline/summaries be useful? - ANSWERSIntroducing material, study checklist Relevance - ANSWERSMakes a difference in a decision; enhances decision making (predictive value, feedback value, timeliness) Reliability - ANSWERSAccuracy...

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AIS Final Exam 1 Questions & Answers 2024/2025

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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 - ANSWERS...

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AIS EXAM 1 FINAL QUESTIONS & ANSWERS 2024/2025

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AIS EXAM 1 FINAL QUESTIONS & ANSWERS 2024/2025 Which of the following activities would an accountant as a business analyst be able to perform? a) Post journal entries b) Prepare financial statements c)Use social media to predict when goodwill is or soon will be impaired d)An accountant as...

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AIS Ch 2 Exam 1 Questions & Answers 2024/2025

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AIS Ch 2 Exam 1 Questions & Answers 2024/2025

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AIS prep ch 1-20 exam 1 questions & answers 2024/2025

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AIS prep ch 1-20 exam 1 questions & answers 2024/2025 1) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision-making than information. ...

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ais exam final prep questions & answers 2024/2025

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ais exam final prep questions & answers 2024/2025 obj of sales process - ANSWERStracking sales of goods/services to customers filling customer orders maintaining customer records obj of purchasing process - ANSWERSmaintaining vendor records controlling inventory making timely and acc...

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AIS Final Exam 1 Study Guide Questions & Answers 2024/2025

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AIS Final Exam 1 Study Guide Questions & Answers 2024/2025 1. Which of the following is NOT one of the five major business processes or transaction cycles? - ANSWERSExpenditure, Production, Human Resource & Payroll, Revenue, Financing 2. Which of the following is NOT a characteristic of usef...

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AIS Final Study Exam 1 Questions & Answers 2024/2025

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AIS Final Study Exam 1 Questions & Answers 2024/2025 The business process to accept a customer's return would more likely be a _____________. - ANSWERSrevenue process Which of the following is least likely to be an output of the AIS? A. a check B. a report C. an invoice D. a bar code -...

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AIS ACC300 Exam 1 Questions & Answers 2024/2025

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AIS ACC300 Exam 1 Questions & Answers 2024/2025 A prescribed sequence of work steps preformed in order to produce a desired result for the organization is called a(n): A. Accounting Information System B. Business Process C. Financial Transaction D. Capital Transaction Process - ANSW...

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AIS E-SUA Exam Questions & Answers 2024/2025

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AIS E-SUA Exam Questions & Answers 2024/2025 A cash sale to a customer would be recorded in the: a. Purchases Journal b. The sales journal and the general journal c. The cash receipts journal and the general journal d. Sales journal e. Cash receipts journal - ANSWERSe. Cash receipts jour...

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AIS Exam 2 Questions & Answers 2024/2025

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AIS Exam 2 Questions & Answers 2024/2025 C - ANSWERS16. Many companies record both purchase orders and purchases; when would such a company recognize the purchase? A. When the purchase order is issued. B. When the supplier receives the purchase order. C. When the products are received from t...

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AIS exam 1 review questions & answers 2024/2025

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AIS exam 1 review questions & answers 2024/2025 An accounting system is an example of an open system? t/f - ANSWERSfalse; an accounting system is relatively closed an accounts payable system is an example of a structured system? - ANSWERStrue ¥ There is variation in the degree of structure ...

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AIS Exam Ch 1 Questions & Answers 2024/2025

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AIS Exam Ch 1 Questions & Answers 2024/2025 Which of the following markets is most likely to be perfectly competitive? - ANSWERSThe market for mushrooms Which of the following markets is most likely to be perfectly competitive? - ANSWERSThe market for rock salt What are the likely reason(...

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EXAM 1 AIS REVIEW QUESTIONS & ANSWERS 2024/2025

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EXAM 1 AIS REVIEW QUESTIONS & ANSWERS 2024/2025 What are primary activities? - ANSWERSDirectly provide value to its customers List the primary activites - ANSWERSInbound logistics, operations, outbound logistic, sales/marketing, service What are support activities? - ANSWERSbusiness activ...

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Prep AIS Exam 1 Questions & Answers 2024/2025

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Prep AIS Exam 1 Questions & Answers 2024/2025 data processing cycle - ANSWERSthe four operations (data input, data storage, data processing, and information output) performed on data to generate meaningful and relevant information 1. Each activity of interest 2. The resources affected by ea...

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AIS Exam 1 Prep Questions & Answers 2024/2025

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AIS Exam 1 Prep Questions & Answers 2024/2025 (T/F) A system is a collection of related resources designed to help a company achieve specified objectives. - ANSWERSTrue Information that reduces uncertainty, improves decision makers' ability to make predictions, or confirms or corrects their...

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AIS exam 2 review questions & answers 2024/2025

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AIS exam 2 review questions & answers 2024/2025 Which of the following is not an example of one of the basic types of fraud? A) A salesperson approves a large sales discount on an order from a company owned partially by the salesperson's sister. B) While straightening the store at the end...

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AIS exam 2024 questions & answers 100% CORRECT

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AIS exam 2024 questions & answers 100% CORRECT

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AIS Exam 1 2024 Questions & Answers 100% CORRECT

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AIS Exam 1 2024 Questions & Answers 100% CORRECT 1. Giving, receiving, offering, or soliciting something of value because of an official act that has been taken is ry b.a conflict of interest illegal gratuity mic extortion - ANSWERSc 2. Which of the following is an example of an input c...

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AIS 2024 Exam 1 Questions & Answers 100% CORRECT

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AIS 2024 Exam 1 Questions & Answers 100% CORRECT The relationship between online, real-time database systems and batch processing systems is that A. A firm will have only one processing mode because a single computer cannot do both. B. A firm will not use batch processing if it has a large ...

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AIS test 1 2024 questions & answers 100% CORRECT

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AIS test 1 2024 questions & answers 100% CORRECT Given the following REA model snippet: Sale Order (0,N) - (1,N) Shipment - which of the following are true (circle all that are correct): 1. Every item on a Sale Order must be shipped on the same Shipment 2. Some items on a Sale Order can be ...

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AIS 2024 Test 1 Questions & Answers 100% CORRECT

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AIS 2024 Test 1 Questions & Answers 100% CORRECT What is Waren's inventory procedure? - ANSWERSPeriodic What is Waren's overtime pay rate? - ANSWERS1.5 times the regular hourly pay rate Which of the following tab file is not include in your SUA project - ANSWERSPayroll What is Waren...

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AIS Ch 8,9,10 Exam Questions & Answers 2024/2025

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AIS Ch 8,9,10 Exam Questions & Answers 2024/2025 Fraud and Errors - ANSWERSChapter 8 4 Threats of AIS Threats to a Company - ANSWERS1. Natural and Political Disasters 2. Software errors and equipment malfunctions 3. Unintentional acts 4. Intentional acts Natural and Political Disaste...

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2024 AIS EXAM 1 QUESTIONS & ANSWERS 100% CORRECT

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2024 AIS EXAM 1 QUESTIONS & ANSWERS 100% CORRECT What are the 5 Elements of the COSO Framework - ANSWERS1) Control enviornment 2) Risk Management 3) Control Activities 4) Information & communication 5) Monitorning Control Environment - ANSWERSTone at the Top Integrity and ethical values...

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AIS Advanced Exam 1 Questions & Answers 2024/2025

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AIS Advanced Exam 1 Questions & Answers 2024/2025 Biro's Tenets - AWTIRC - ANSWERS- Assume nothing - What is the root cause? - Trust but verify (Ronald Reagan) - Integrity - Respect for those you audit and their mission - Compliance does NOT equal security; compliance is not...

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AIS ACG 4401 Exam 2 Questions & Answers 2024/2025

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AIS ACG 4401 Exam 2 Questions & Answers 2024/2025 Conceptual model - ANSWERSdepicts important objects and relationships between objects that must be captured in a database. REA Communication methods - ANSWERS1. Narrative Description 2. Diagrams with various notations 3. Structured Grammar ...

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AIS Exam 2 2024 Questions & Answers 100% CORRECT

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AIS Exam 2 2024 Questions & Answers 100% CORRECT CASE (Computer-assisted software engineering) Tools - ANSWERSspecialized graphical documentation software used to automate such documentation tasks as drawing or modifying flowcharts, drawing graphics and screen designs, developing reports, and e...

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AIS 2024 Exam 2 Questions & Answers 100% CORRECT

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AIS 2024 Exam 2 Questions & Answers 100% CORRECT Define a database. - ANSWERSan organized collection of data, typically stored electronically; allows us to avoid replication of data List and describe the two general data management approaches. - ANSWERS1. flat-file model: no structured relat...

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PREP AIS EXAM 1 FINAL QUESTIONS & ANSWERS 2024/2025

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PREP AIS EXAM 1 FINAL QUESTIONS & ANSWERS 2024/2025 A system that contains only human resources is referred to as a manual system. - ANSWERST The operation system as a subsystem is designed to accomplish the work of the organization. - ANSWERST Efficiency concerns the provision of informa...

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AIS Exam 3 2024 Questions & Answers 100% CORRECT

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AIS Exam 3 2024 Questions & Answers 100% CORRECT XBRL element - ANSWERSan individual financial statement item responsibility accounting - ANSWERSevaluating performance based on controllable costs flexible budget - ANSWERSevaluating performance by computing standards in light of actual act...

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AIS Exam 3 Questions & Answers 2024/2025

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AIS Exam 3 Questions & Answers 2024/2025 Which of the following is a benefit of clear documentation of systems and processes? a. Longer training of employees b. hiring of consultants c. management override of controls d. systematic repetition and consistency in operations - ANSWERSsystema...

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