Quiz
ACCT 3324: AIS - Exam 1 Study
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Questions in this quiz (53)
1Data differ from information in which way?
- AData are output and information is input.
- BInformation is output and data are input.
- CData are meaningful bits of information.
- DPress enter after select an option to check the answer
There is no difference.
2Which of the following is not a characteristic that makes information useful?
- AIt is reliable.
- BIt is timely.
- CIt is inexpensive.
- DIt is relevant.
3Which of the following is a primary activity in the value chain?
- APurchasing
- BAccounting
- CPost-sales service
- DHuman resource management
4Which transaction cycle includes interactions between an organization and its suppliers?
- ARevenue cycle
- BExpenditure
- CHuman resources/payroll cycle
- DGeneral ledger and reporting system
5Which of the following is not a means by which information improves decision making?
- AIncreases information overload
- BReduces uncertainty
- CProvides feedback about the effectiveness of prior decisions
- DIdentifies situations requiring management action
6In the value chain concept, upgrading IT is considered what kind of activity?
- APrimary activity
- BSupport activity
- CService activity
- DStructured activity
7In which cycle does a company ship goods to customers?
- AProduction cycle
- BFinancing cycle
- CRevenue cycle
- DExpenditure cycle
8Which of the following is a function of an AIS?
- AReducing the need to identify a strategy and strategic position
- BTransforming data into useful information
- CAllocating organizational resources
- DAutomating all decision making
9A firm, its suppliers, and its customers collectively form which of the following?
- ASupply chain
- BValue chain
- CERP system
- DAIS
10A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process?
- APaying vendors
- BAcquiring inventory
- CSelling merchandise
- DPaying employees
11Which of the following is not a step in the data processing cycle?
- AData collection
- BData input
- CData storage
- DData processing
12All of the information (e.g., name, GPA, major, etc.) about a particular student is stored in the same _______________.
- Afile
- Brecord
- Cattribute
- Dfield
13Which of the following would contain the total value of all inventory owned by an organization?
- ASource document
- BGeneral ledger
- CCash budget
14Which of the following is most likely to be a general ledger control account?
- AAccounts receivable
- BPetty cash
- CPrepaid rent
- DRetained earnings
15Which of the following documents is most likely to be used in the expenditure cycle?
- ASales order
- BCredit memo
- CReceiving report
- DJob time ticket
16Which of the following is least likely to be a specialized journal?
- ASales journal
- BCash receipts journal
- CPrepaid insurance journal
- DCash disbursements journal
17How does the chart of accounts list general ledger accounts?
- AAlphabetical order
- BChronological order
- CSize order
- DThe order in which they appear in financial statements
18Which of the following is not an advantage of an ERP system?
- ABetter access control
- BStandardization of procedures and reports
- CImproved monitoring capabilities
- DSimplicity and reduced costs
19Records of company data sent to an external party and then returned to the system as input are called _________.
- ATurnaround documents
- BSource data automation documents
- CSource documents
- DExternal input documents
20Recording and processing information about a transaction at the time it takes place is referred to as which of the following?
- ABatch processing
- BOnline, real-time processing
- CCaptured transaction processing
- DChart of accounts processing
21The relational data model portrays data as being stored in __________.
- Ahierarchies
- Btables
- Cobjects
- Dfiles
22How a user conceptually organizes and understands data is referred to as the __________.
- Aphysical view
- Blogical view
- Cdata model view
- Ddata organization view
23What is each row in a relational database table called?
- ARelation
- BAttribute
- CAnomaly
- DTuple
24Which of the following is an individual user’s view of the database?
- AConceptual-level schema
- BExternal-level schema
- CInternal-level schema
- DLogical-level schema
25Which of the following would managers most likely use to retrieve information about sales during the month of October?
- ADML
- BDSL
- CDDL
- DDQL
26Which of the following attributes would most likely be a primary key?
- ASupplier name
- BSupplier number
- CSupplier zip code
- DSupplier account balance
27Which of the following is a software program that runs a database system?
- ADQL
- BDBMS
- CDML
- DDDL
28The constraint that all primary keys must have non-null data values is referred to as which of the following?
- AReferential integrity rule
- BEntity integrity rule
- CNormalization rule
- DRelational data model rule
29The 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?
- AReferential integrity rule
- BEntity integrity rule
- CForeign key value rule
- DNull value rule
30Which of the following attributes in the Cash Receipts table (representing payments received from customers) would most likely be a foreign key?
- ACash receipt number
- BCustomer check number
- CCustomer number
- DCash receipt date
31Which activity is part of the sales order entry process?
- ASetting customer credit limits
- BPreparing a bill of lading
- CChecking customer credit
- DApproving sales returns
32Which document often accompanies merchandise shipped to a customer?
- APicking ticket
- BPacking slip
- CCredit memo
- DSales order
33Which method is most likely used when a company offers customers discounts for prompt payment?
- AOpen-invoice method
- BBalance-forward method
- CAccounts receivable aging method
- DCycle billing method
34Which of the following techniques is the most efficient way to process customer payments and update accounts receivable?
- AEFT
- BUPIC
- CFEDI
- DACH
35Which of the following revenue cycle activities can potentially be eliminated by technology?
- ASales order entry
- BShipping
- CBilling
- DCash collections
36The integrated database underlying an ERP system results in which of the following general threats to the revenue cycle?
- AInaccurate or invalid master data
- BUnauthorized disclosure of sensitive information
- CLoss or destruction of data
- DAll of the above
37Which document is used to authorize the release of merchandise from the inventory control (warehouse) to shipping?
- APicking ticket
- BPacking slip
- CShipping order
- DSales invoice
38Which of the following provides a means to both improve the efficiency of processing customer payments and to enhance control over those payments?
- ACRM
- BLockboxes
- CAging accounts receivable
- DEDI
39For good internal control, who should approve credit memos?
- ACredit manager
- BSales manager
- CBilling manager
- DController
40For 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?
- ABilling
- BAccounts receivable
- CCashier
- DSales
41What are the 6 interrelated components of an AIS system?
- Apeople
- Bprocedures and instructions
- Cdata
- Dsoftware
- Einformation technology infrastructure
- Finternal controls
- Gaccounts receivable
- Hdatabase management
42Which of the following are characteristics of useful information?
- Arelevant
- Btimely
- Cinexpensive
- Dsimple
43Which of the following activities are part of the expenditure cycle?
- APurchase raw materials
- BPayoff mortgage on factory
- CEstablish a $10,000 credit limit for XYZ company
- DPay for raw materials
44Which of the following activities are part of the financing cycle?
- AHire a new assistant controller
- BPayoff mortgage on factory
- CDraw on line-of-credit
- DPay utility bills
45Which of the following are part of the human resources/payroll cycle?
- AHire a new assistant controller
- BDecide how many units to make next month
- CSell concert tickets
- DRecord factory employee timecards
46Which of the following are part of the revenue cycle?
- APay federal payroll taxes
- BSell concert tickets
- CDecide how many units to make next month
- DCollect payments on customer accounts
47Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report used in credit granting decisions. [blank_start]Relevant[blank_end].
- ARelevant
- BReliable
- CComplete
- DTimely
- EUnderstandable
- FVerifiable
- GAccessible
48Which of the 7 characteristics of information does the following situation represent? A report checked by 3 different people for accuracy. [blank_start]Reliable[blank_end].
- AReliable
- BRelevant
- CComplete
- DTimely
- EUnderstandable
- FVerifiable
- GAccessible
49Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report that included all customer accounts. [blank_start]Complete[blank_end].
- AComplete
- BRelevant
- CReliable
- DTimely
- EUnderstandable
- FVerifiable
- GAccessible
50Which 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. [blank_start]Timely[blank_end].
- ATimely
- BRelevant
- CReliable
- DComplete
- EUnderstandable
- FVerifiable
- GAccessible
51Which 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. [blank_start]Understandable[blank_end].
- AUnderstandable
- BRelevant
- CReliable
- DComplete
- ETimely
- FVerifiable
- GAccessible
52Which of the 7 characteristics of information does the following situation represent? The data on a report was checked by two clerks working independently. [blank_start]Verifiable[blank_end].
- AVerifiable
- BRelevant
- CReliable
- DComplete
- ETimely
- FUnderstandable
- GAccessible
53Which 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. [blank_start]Accessible[blank_end].
- AAccessible
- BRelevant
- CReliable
- DComplete
- ETimely
- FUnderstandable
- GVerifiable
Information
- Description
- Ch 1, 2, 4, & 12
- Author
- Justin Herrin
- Language
- English
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