Quiz 1 - Chapter 1

1. 11) Which of the following statements below shows the contrast between data and information?
   

   1. AA) Data is the primary output of an accounting information system
   2. BB) Information is the primary output of an accounting information system.
   3. CC) Data is more useful in decision making than information.
   4. DD) Data and information are the same
2. 22) When a subsystem's goals are inconsistent with the goals of another subsystem or with the
   system as a whole, it creates
   

   1. AA) system inconsistence.
   2. BB) system conflict.
   3. CC) goal inconsistence.
   4. DD) goal conflict.
3. 33) When a subsystem achieves its goals while contributing to the organization's overall goal, it is
   called
   

   1. AA) system match.
   2. BB) system congruence.
   3. CC) goal congruence.
   4. DD) goal match.
4. 44) Information is best described as
   

   1. AA) raw facts about transactions.
   2. BB) data that has been organized and processed so that it is meaningful to the user.
   3. CC) facts that are useful when processed in a timely manner.
   4. DD) the same thing as data.
5. 55) The value of information can best be determined by
   

   1. AA) its usefulness to decision makers.
   2. BB) its relevance to decision makers.
   3. CC) the benefits associated with obtaining the information minus the cost of producing it.
   4. DD) the extent to which it optimizes the value chain.
6. 66) An accounting information system (AIS) processes ________ to provide users with ________.
   

   1. AA) data; information
   2. BB) data; transactions
   3. CC) information; data
   4. DD) data; benefits
7. 77) ________ information reduces uncertainty, improves decision makers' ability to make
   predictions, or confirms expectations.
   

   1. AA) Timely
   2. BB) Reliable
   3. CC) Relevant
   4. DD) Complete
8. 88) Information that is free from error or bias and accurately represents the events or activities of
   the organization is
   

   1. AA) relevant.
   2. BB) reliable.
   3. CC) verifiable.
   4. DD) timely
9. 99) Information that does not omit important aspects of the underlying events or activities that it
   measures is
   

   1. AA) complete.
   2. BB) accessible.
   3. CC) relevant.
   4. DD) timely.
10. 1010) Information is ________ when two knowledgeable people independently produce the same
    information.
    

    1. AA) verifiable
    2. BB) relevant
    3. CC) reliable
    4. DD) complete

11. 1111) Data must be converted into information to be considered useful and meaningful for decision
    making. There are seven 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
    

    1. AA) relevancy.
    2. BB) timeliness.
    3. CC) understandability.
    4. DD) reliability.
12. 1212) Data must be converted into information to be considered useful and meaningful for decision
    making. There are seven characteristics that make information both useful and meaningful. If
    information can help reduce uncertainty, improves decision making, or confirms or corrects prior
    expectations, it is representative of the characteristic of
    

    1. AA) reliability.
    2. BB) relevance.
    3. CC) complete.
    4. DD) truthful
13. 1313) Data must be converted into information to be considered useful and meaningful for decision
    making. There are seven characteristics that make information both useful and meaningful. If the
    same information can be reproduced by two independent and knowledgeable people, it is
    representative of the characteristic of
    

    1. AA) reliability.
    2. BB) relevance.
    3. CC) verifiability.
    4. DD) truthful.
14. 1414) Data must be converted into information to be considered useful and meaningful for decision
    making. There are seven characteristics that make information both useful and meaningful. If the
    information is free from error or bias, it is representative of the characteristic of
    

    1. AA) reliability.
    2. BB) relevance.
    3. CC) verifiability.
    4. DD) truthful.
15. 1515) Inventory information for Sun Corp. is provided in real time by a firm's accounting
    information system. However, the accuracy of this information is questionable. Many store
    managers often report stock outs of components that the system indicates are in stock. Which of
    the following characteristics of useful information is absent in the situation described above?
    

    1. AA) relevant
    2. BB) reliable
    3. CC) complete
    4. DD) timely
    5. EE) understandable
16. 1616) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
    recently changed hands and the new owners are conducting an audit of the financial records. The
    audit has been unable to reproduce financial reports that were prepared by Sam. While there is
    no evidence of wrongdoing, the auditors are concerned that the discrepancies might contribute to
    poor decisions. Which of the following characteristics of useful information is absent in the
    situation described above?
    
    

    1. AC) complete
    2. BD) timely
    3. CG) accessible
    4. DF) verifiable
17. 1717) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
    recently changed hands and the new owners are conducting an audit of the financial records. The
    audit has been unable to obtain the firm's financial statements that were prepared by Sam. While
    there is no evidence of wrongdoing, the auditors are not able to complete the audit. Which of the
    following characteristics of useful information is absent in the situation described above?
    

    1. AC) complete
    2. BE) understandable
    3. CF) verifiable
    4. DG) accessible
18. 1818) In 2015, Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Shaman Gupta, the director of information technology services, asked Ashlee Wells to
    come in and talk with him about the system. Ashlee is a long-time employee of Singh, and her
    opinion is valued by her peers and by her supervisor.
    "So Ashlee, how's it going down there in the shop?"
    "Not so good, Shaman. Used to be we got a weekly pick list so we knew how to plan production.
    Now, we got that computer system. Most of us can't figure out how to use it to do our jobs. Is
    there some way to print out a pick list?"
    Shaman thought for a while before responding. "Well, Ashlee, to tell you the truth, I'm not so
    sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us
    build the system. Maybe they can help."
    Which of the following characteristics of useful information is absent in the situation described
    above?

    1. AB) reliable
    2. BC) complet
    3. CD) timely
    4. DE) understandable
19. 1919) In 2015, Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production
    efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs
    increased. Shaman Gupta, the director of information technology services, asked Ashlee Wells to
    come in and talk with him about the system. Ashlee is a long-time employee of Singh, and her
    opinion is valued by her peers and by her supervisor.
    "So Ashlee, how's it going down there in the shop?"
    "Not so good, Shaman. Used to be we got a weekly pick list so we knew how to plan production.
    Now, we got that computer system. Most of the time we can't get all of the information that we
    need. Is there some way to print out a list that has everything that we need?"
    Shaman thought for a while before responding. "Well, Ashlee, to tell you the truth, I'm not so
    sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us
    build the system. Maybe they can help."
    Which of the following characteristics of useful information is absent in the situation described�
    

    1. AA) relevant
    2. BB) reliable
    3. CC) complete
    4. DD) timely
20. 2020) Wisconsin Dells, Wisconsin, is a popular tourist destination. During the winter months, the
    population dwindles to a meager few, but when summer comes, the size of the town surges.
    Hunter Jackson is the town sanitation engineer. When the size of the town surges, so do his
    responsibilities. Among them is management of the sewage processing volume.
    In an interview with the local paper, Hunter complained that a report on tourist population that
    he uses to adjust processing volume refers to data that was collected four days ago and it takes
    him a week to make adjustments.
    Which of the following characteristics of useful information is absent in the situation described
    above?

    1. AA) relevant
    2. BB) reliable
    3. CC) complete
    4. DD) timely

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AIS - 166 Test sobre Quiz 1 - Chapter 1, creado por Mahmoud Hemood el 11/10/2019.

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Mahmoud Hemood

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