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AIS EXAM 1 Questions and Answers correct
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AIS EXAM 1 Questions and Answers correct Which of the following statements below shows the contrast between data and information? -Data is more useful in decision making than information. -Information is the primary output of an accounting information system. -Data is the primary output of an...

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  • August 4, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais exam 1 questions and answers correct
  • which of the following statements below shows the
  • information is best described as facts that are
  • the value of information can best be determined by

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AIS EXAM 1 Questions and Answers
correct
Which of the following statements below shows the contrast between data and
information?

-Data is more useful in decision making than information.
-Information is the primary output of an accounting information system.
-Data is the primary output of an accounting information system. - answer
Information is the primary output of an accounting information system.

Information is best described as

-facts that are useful when processed in a timely manner.
-the same thing as data.
-data that has been organized and processed so that it is meaningful to the user.
-raw facts about transactions. - answer data that has been organized and processed
so that it is meaningful to the user.

The value of information can best be determined by

-its relevance to decision makers.
-the extent to which it optimizes the value chain.
-its usefulness to decision makers.
-the benefits associated with obtaining the information minus the cost of producing it. -
answer the benefits associated with obtaining the information minus the cost of
producing it.

________ information reduces uncertainty, improves decision-makers' ability to make
predictions, or confirms expectations.

-Reliable
-Complete
-Timely
-Relevant - answer relevant

Information that does not omit important aspects of the underlying events or activities
that it measures is

-relevant.
-timely.
-accessible.
-complete - answer complete

,Before a firm can identify the information needed to effectively manage a process, the
firm must

-obtain internet access.
-understand the process.
-hire an outside consultant.
-purchase computers and/or workstations. - answer understand the process.

In which transaction cycle would customer sales transaction information be most likely
to pass between internal and external accounting information systems?

-the human resources / payroll cycle
-the expenditure cycle
-the financing cycle
-the revenue cycle - answer the revenue cycle

The ________ is not a transaction cycle.

-expenditure cycle
-general ledger and reporting cycle
-human resources cycle
-revenue cycle - answer general ledger and reporting cycle

The transaction cycle that includes product design is known as the

-revenue cycle.
-expenditure cycle.
-production cycle.
-financing cycle. - answer production cycle.

An accounting information system must be able to perform which of the following tasks?

-collect transaction data
-all of the above
-provide adequate controls
-process transaction data - answer -all of the above

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

-all of the above
-improved decision making.
-improving the quality and reducing the costs of products or services.
-improving efficiency. - answer all of the above

, Accounting information plays major roles in managerial decision making by

-all of the above
-identifying situations requiring management action.
-reducing uncertainty.
-providing a basis for choosing among alternative actions. - answer all of the above

A well-designed AIS can improve decision making in an organization. Identify the
statement below that describes a situation where an AIS may actually inhibit effective
decision making.

-An AIS provides to its users an abundance of information without any filtering or
condensing of such information.
-An AIS identifies situations requiring management action.
-An AIS reduces uncertainty, and therefore accounting information can provide a basis
for choosing among alternative courses of action.
-An AIS provides information about the results of previous decisions which provides
decision makers with feedback that can be used in future decision making. - answer
An AIS provides to its users an abundance of information without any filtering or
condensing of such information.

Which of the following is not an example of how an AIS adds value to an organization?

-Patient information at a hospital are encrypted and made only available on the
hospital's network to healthcare professional with an access code.
-Patient information at a hospital are encrypted and made only available on the
hospital's network to the patient with an access code.
-Patient information at a hospital are encrypted and made only available on the
hospital's webpage to anyone with access to a search engine
-Patient billing information at a hospital are encrypted and made only available on the
hospital's network to insurance companies with an access code. - answer Patient
information at a hospital are encrypted and made only available on the hospital's
webpage to anyone with access to a search engine

An AIS that makes information more easily accessible and more widely available is
likely to increase pressure for

-centralization and autonomy.
-Data is more useful in decision making than information.
-decentralization and autonomy.
-centralization and defined procedures. - answer decentralization and autonomy.

With respect to data flow diagrams, which of the following statements are true? (Check
all that apply)

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