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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 use...

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  • August 10, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais final exam 1 study guide questions answers 2

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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 useful information? - ANSWERSCost-effective



3. Accounting Information Systems (AIS) is most likely applicable to which area of accounting? -
ANSWERSTax accounting, Public Accounting, Management consulting



4. Which of the following is NOT a "primary activity" that directly provides value to the customer? -
ANSWERSHuman resources



5. Which of the following best describes the sequence of the supply chain? - ANSWERSRaw materials
supplier, manufacturer, distributor, retailer, and consumer



6. Which of the following is NOT one of the support activities in the value chain of an organization? -
ANSWERSService



7. AIS adds value to an organization by - ANSWERS:Improving efficiency, Sharing knowledge, Improving
the internal control structure.



8. Which of the following does not influence the design of an Accounting Information System (AIS)? -
ANSWERSLegal environment



9. What is data? - ANSWERSAll of the facts that are collected, stored, and processed by an information
system

, 10. Reliability refers to the characteristic of information whereby - ANSWERSInformation is free from
error or bias.



11. In order for an accounting information system to meet the needs of systems users, one must take
into account the types of decisions that are made. Decisions vary from repetitive and routine to
nonrecurring and non-routine. How would you classify a decision where no framework or model exists
for the decision? - ANSWERSUnstructured



12. Information can improve decision making in what way? - ANSWERSIt identifies situations requiring
management action, It provides a basis for choosing among alternative actions, Provides valuable
feedback that can be used to improve future decisions.



13. Information is data that has been organized and processed. - ANSWERSTrue



14. Information that is timely is free from error or bias. - ANSWERSFalse



15. Inbound logistics consists of receiving, storing, and distributing the materials an organization uses to
create the services and products it sells. - ANSWERSTrue



16. An AIS designer, who is very competent with information technology skills, will be successful in
designing an information system regardless of his/her understanding of the organization that he/she is
designing for. - ANSWERSFalse



17. A component of an Accounting Information System are the people who use the system. -
ANSWERSTrue



18. Data differs from information in which way? - ANSWERSinformation is output, and data are input



19. Which of the following is NOT a characteristic that makes information useful? - ANSWERSIt is
inexpensive



20. Which of the following is a primary activity in the value chain? - ANSWERSPost-sales service

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