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AIS FINAL Questions and Answers correct
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AIS FINAL Questions and Answers correct Which of the following is one of the four steps in the data processing cycle? a. Data storage b. Deposit cash receipts c. Take customer order d. Data collection A Providing the right product in the right place at the right time for the right ...

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  • August 4, 2024
  • 39
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais final questions and answers correct
  • which of the following is one of the four steps in
  • providing the right product in the right place at
  • which of the following payroll forms is most close

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AIS FINAL Questions and Answers
correct
Which of the following is one of the four steps in the data processing cycle?
a.
Data storage
b.
Deposit cash receipts
c.
Take customer order
d.
Data collection - answer A

Providing the right product in the right place at the right time for the right price is the
primary objective of:
a.
the financing cycle.
b.
the revenue cycle.
c.
the expenditure cycle.
d.
the conversion cycle. - answer B

Which of the following payroll forms is most closely associated with independent
contractors?
a.
1099
b.
W-4
c.
961
d.
W-2 - answer A

Which of the following is a example of a common activity in an AIS?
a.
Organizing community services for the company
b.
Selling goods and services and collecting cash
c.
Keeping track of the number of customers who visited the company's website
d.

,Recording sales calls for maketing purposes - answer B

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 known as:

a.
purchase order.
b.
EOQ.
c.
economies of scale.
d.
transaction. - answer D

Documentation (may include representation of) but does not generally encompass:
a.
written materials that explain how a system works.
b.
narrative description of systems and system processes.
c.
narratives, flowcharts and diagrams.
d.
data sources. - answer D

How is general ledger updating accomplished by the various accounting subsystems?

a.
Individual journal entries for each accounting subsystem transaction update the general
ledger every 24 hours.
b.
Non-routine transactions are entered into the system by the treasurer's office.
c.
The controller or treasurer must approve accounting subsystem journal entries before
any updating may occur.
d.
Summary journal entries that represent the results of all transactions for a certain time
period are used to update the general ledger. - answer D

At which stage of the production process can accountants contribute to significantly
reducing the cost of goods sold?

a.
Production operations
b.
Planning and scheduling
c.
Product design

,d.
Machine maintenance - answer C

A ledger that is used to record all the detailed data for any general ledger account that
includes many individual subaccounts is called a:
a.
control account.
b.
transaction file.
c.
subsidiary ledger.
d.
specialized or special journal. - answer C

Which of the following flowcharts illustrates the flow of documents and information
among areas of responsibility in an organization?
a.
an internal control flowchart.
b.
a document flowchart.
c.
a program flowchart.
d.
a systems flowchart. - answer B

Depreciation expense and bad debt expense are examples of which type of adjusting
journal entry?
a.
Revaluations
b.
Deferrals
c.
Estimates
d.
Accruals - answer C

A system that helps organize detailed information about customers to facilitate more
efficient and more personalized service is called a(an):
a.
Customer Service System (CSS).
b.
Customer Optimization System (COS).
c.
Customer Facilitates Service (CFS).
d.
Customer Relationship Management (CRM). - answer D

, The highest level (most summarized) level of a Data Flow Diagram is called a(an):

a.
Level 0
b.
Nirvana chart
c.
Context Diagram
d.
Level 9 - answer C

Jennifer Morrison owns and operates a small deli in Miami, Florida.. She maintains a file
that lists the steps required to make each of her famous subs. These step-by-step
instructions are examples of a(n)
a.
operations list.
b.
materials requisition.
c.
production order.
d.
bill of materials. - answer A

Which of the following is a disadvantage of ERP systems?
a.
Compexity, as well as cost, are increased.
b.
The level of productivity is changed by the automation of manufacturing processes.
c.
All of these answers are ERP advantages.
d.
Data input is captured and keyed once - answer A

To accomplish the objectives set forth in the expenditure cycle, a number of key
management decisions must be addressed. Which of the decisions below is not
ordinarily found as part of the expenditure cycle?
a.
Where should inventories and supplies be held?
b.
What is the optimal level of inventory and supplies to carry on hand?
c.
How can cash payments to vendors be managed to maximize cash flow?
d.
What are the optimal prices for each product or service? - answer D

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