Data differ from information in which way?
Data are output and information is input.
Information is output and data are input.
Data are meaningful bits of information.
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There is no difference.
Which of the following is not a characteristic that makes information useful?
It is reliable.
It is timely.
It is inexpensive.
It is relevant.
Which of the following is a primary activity in the value chain?
Human resource management
Which transaction cycle includes interactions between an organization and its suppliers?
Human resources/payroll cycle
General ledger and reporting system
Which of the following is not a means by which information improves decision making?
Increases information overload
Provides feedback about the effectiveness of prior decisions
Identifies situations requiring management action
In the value chain concept, upgrading IT is considered what kind of activity?
In which cycle does a company ship goods to customers?
Which of the following is a function of an AIS?
Reducing the need to identify a strategy and strategic position
Transforming data into useful information
Allocating organizational resources
Automating all decision making
A firm, its suppliers, and its customers collectively form which of the following?
A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process?
Which of the following is not a step in the data processing cycle?
All of the information (e.g., name, GPA, major, etc.) about a particular student is stored in the same _______________.
Which of the following would contain the total value of all inventory owned by an organization?
Which of the following is most likely to be a general ledger control account?
Which of the following documents is most likely to be used in the expenditure cycle?
Job time ticket
Which of the following is least likely to be a specialized journal?
Cash receipts journal
Prepaid insurance journal
Cash disbursements journal
How does the chart of accounts list general ledger accounts?
The order in which they appear in financial statements
Which of the following is not an advantage of an ERP system?
Better access control
Standardization of procedures and reports
Improved monitoring capabilities
Simplicity and reduced costs
Records of company data sent to an external party and then returned to the system as input are called _________.
Source data automation documents
External input documents
Recording and processing information about a transaction at the time it takes place is referred to as which of the following?
Online, real-time processing
Captured transaction processing
Chart of accounts processing
The relational data model portrays data as being stored in __________.
How a user conceptually organizes and understands data is referred to as the __________.
data model view
data organization view
What is each row in a relational database table called?
Which of the following is an individual user’s view of the database?
Which of the following would managers most likely use to retrieve information about sales during the month of October?
Which of the following attributes would most likely be a primary key?
Supplier zip code
Supplier account balance
Which of the following is a software program that runs a database system?
The constraint that all primary keys must have non-null data values is referred to as which of the following?
Referential integrity rule
Entity integrity rule
Relational data model rule
The constraint that all foreign keys must have either null values or the value of a primary key in another table is referred to as which of the following?
Foreign key value rule
Null value rule
Which of the following attributes in the Cash Receipts table (representing payments received from customers) would most likely be a foreign key?
Cash receipt number
Customer check number
Cash receipt date
Which activity is part of the sales order entry process?
Setting customer credit limits
Preparing a bill of lading
Checking customer credit
Approving sales returns
Which document often accompanies merchandise shipped to a customer?
Which method is most likely used when a company offers customers discounts for prompt payment?
Accounts receivable aging method
Cycle billing method
Which of the following techniques is the most efficient way to process customer payments and update accounts receivable?
Which of the following revenue cycle activities can potentially be eliminated by technology?
Sales order entry
The integrated database underlying an ERP system results in which of the following general threats to the revenue cycle?
Inaccurate or invalid master data
Unauthorized disclosure of sensitive information
Loss or destruction of data
All of the above
Which document is used to authorize the release of merchandise from the inventory control (warehouse) to shipping?
Which of the following provides a means to both improve the efficiency of processing customer payments and to enhance control over those payments?
Aging accounts receivable
For good internal control, who should approve credit memos?
For good internal control over customer remittances, the mailroom clerk should separate the checks from the remittance advices and send the customer payments to which department?
What are the 6 interrelated components of an AIS system?
procedures and instructions
information technology infrastructure
Which of the following are characteristics of useful information?
Which of the following activities are part of the expenditure cycle?
Purchase raw materials
Payoff mortgage on factory
Establish a $10,000 credit limit for XYZ company
Pay for raw materials
Which of the following activities are part of the financing cycle?
Hire a new assistant controller
Draw on line-of-credit
Pay utility bills
Which of the following are part of the human resources/payroll cycle?
Decide how many units to make next month
Sell concert tickets
Record factory employee timecards
Which of the following are part of the revenue cycle?
Pay federal payroll taxes
Collect payments on customer accounts
Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report used in credit granting decisions. Relevant
Accessible( Relevant, Reliable, Complete, Timely, Understandable, Verifiable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? A report checked by 3 different people for accuracy. Reliable
Accessible( Reliable, Relevant, Complete, Timely, Understandable, Verifiable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report that included all customer accounts. Complete
Accessible( Complete, Relevant, Reliable, Timely, Understandable, Verifiable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report was received before the credit manager had to make a decision whether to extend customer credit. Timely
Accessible( Timely, Relevant, Reliable, Complete, Understandable, Verifiable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? The report was carefully designed so that the data contained on the report became information to the reader. Understandable
Accessible( Understandable, Relevant, Reliable, Complete, Timely, Verifiable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? The data on a report was checked by two clerks working independently. Verifiable
Accessible( Verifiable, Relevant, Reliable, Complete, Timely, Understandable, Accessible ).
Which of the 7 characteristics of information does the following situation represent? The manager was working one weekend and needed to find some information about production requests for a certain customer. He was able to find the report on the company’s network. Accessible
Verifiable( Accessible, Relevant, Reliable, Complete, Timely, Understandable, Verifiable ).