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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 ...

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  • August 10, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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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

a.bribery

b.a conflict of interest

c.an illegal gratuity

d.economic extortion - ANSWERSc



2. Which of the following is an example of an input control test?

a.sequence check

b.zero value check

c.spooling check

d.range check - ANSWERSd



3. Which of the following is an objective of batch controls?

a.to ensure that all transactions include transaction codes

b.to locate any fraudulent data in the batch

c.to coordinate run-to-run controls with batch controls

d.to reconcile system output with the data originally input into the system - ANSWERSd



4. Which of the following is an input control?

a.reasonableness check

b.run-to-run check

c.spooling check

d.batch check - ANSWERSa

, 5. What symbol represents an on-page connector? - ANSWERS(Circle)



6. Which of the following best describes lapping?

a.applying cash receipts to a different customer's account in an attempt to conceal previous thefts of
funds

b.inflating bank balances by transferring money among different bank accounts

c.expensing an asset that has been stolen

d.creating a false transaction - ANSWERSa



7. Which system is not part of the expenditure cycle?

a.cash disbursements

b.payroll

c.production planning/control

d.purchases/accounts payable - ANSWERSc



8. An advantage of real-time processing of sales is

a.the cash cycle is lengthened

b.current inventory information is available

c.hardcopy documents provide a permanent record of the transaction

d.data entry errors are corrected at the end of each batch - ANSWERSb



9. The author distinguishes between the accounting information system and the management
information system based on

a.whether the transactions are financial or nonfinancial

b.whether discretionary or nondiscretionary reports are prepared

c.the end users of the reports

d.the organizational structure of the business - ANSWERSa



10. Which of the following is not an issue to be addressed in a business code of ethics required by the
SEC?

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