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...
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 are collected, recorded, stored and processed by an information system. - ANSWERSdata
Data that have been organized and processes to provide meaning to a user is - ANSWERSinformation
Humans can absorb and process only so much information. Information _____ occurs when those limits
are passed. - ANSWERSoverload
An accounting information system (AIS) processes ____ to provide users with _____. - ANSWERSdata;
information
Data must be converted into information to be considered useful and meaningful for decision-making.
There are six characteristics that make information both useful and meaningful. If information is free
from error or bias and accurately represents the events or activities of the organization, it is
representative of the characteristic of - ANSWERSreliability
An accounting information system must be able to perform which of the following tasks? -
ANSWERSProcess transaction data, collect transaction data, provide adequate controls
The primary objective of accounting is to - ANSWERSprovide useful information to decision makers
The primary focus of an AIS course, as opposed to other IS courses, is on - ANSWERSunderstanding how
information technology can be used to improve AIS processes
, An agreement between two entities to exchange goods or services or any other event that can be
measured in economic terms by an organization is - ANSWERStransaction
Groups of related business activities such as the acquisition of merchandise and payment of vendors are
called - ANSWERStransaction cycles
Which of the following is not a transaction cycle? - ANSWERSgeneral ledger and reporting
All transaction cycles feed information directly into the - ANSWERSgeneral ledger and reporting system
A typical source document could be - ANSWERSin some paper form and a computer data entry screen
Certain documents or forms are generated and/or processed with each transaction cycle. The issuing of
a purchase order is part of which transaction cycle? - ANSWERSthe expenditure cycle
The general ledger account that corresponds to a subsidiary ledger account is known as a -
ANSWERScontrol account
A listing of general ledger accounts by account number is called the - ANSWERSchart of accounts
Federal Express stated in one of its mission statements that "positive control of each package will be
maintained by utilizing.... electronic tracking and tracing systems." This is an example of which type of
data processing? - ANSWERSreal-time processing which features immediate updating as to the location
of packages
Name the major transaction cycles - ANSWERSRevenue, expenditure, production, HR Payroll, and
financing
What is the purpose of source documents? what controls are embedded in source documents? Give two
examples of source documents? - ANSWERSto record data about business activities. Source documents
standardize data collection procedures for an organization and provide better control and accuracy.
Source documents are generally pre-numbered, which helps to verify that all transactions have been
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