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AIS Chapter 1 Questions and Answers precise
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AIS Chapter 1 Questions and Answers precise Seven characteristics that make information useful for decision making: Reliability, Verifiable, Timeliness, Relevance, Complete, Understandable, Accessible Data differ from information in which way? a) Data are output and information is input ...

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  • August 4, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais chapter 1 questions and answers precise
  • seven characteristics that make information useful
  • data differ from information in which way a data
  • which of the following is not a means by which inf

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AIS Chapter 1 Questions and Answers
precise
Seven characteristics that make information useful for decision making: - answer
Reliability, Verifiable, Timeliness, Relevance, Complete, Understandable, Accessible

Data differ from information in which way?
a) Data are output and information is input
b) Information is output and data are input
c) Data are meaningful bits of information
d) There is no difference - answer B

Which of the following is not a characteristic that makes information useful?
a) It is reliable
b) It is timely
c) It is inexpensive
d) It is relevant - answer C

Which of the following is not a means by which information improves decision making?
a) increasing information overload
b) reducing uncertainty
c) providing feedback about the effectiveness of prior decisions
d) identifying situations requiring management action - answer A

Revenue Cycle - answer Give goods, get cash or A/R

Expenditure Cycle - answer Give cash or A/R, get goods/materials

Production Cycle - answer Give labor and materials, get finished goods

Human Resource Cycle - answer Give cash, get labor

Financing Cycle - answer Give cash, get cash

Which transaction cycle includes interactions between an organization and its
suppliers?
a) revenue
b) expenditure
c) human resources
d) general ledger and reporting system - answer B

In which cycle does a company ship goods to customers?
a) production

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