Justin Herrin
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Ch 1, 2, 4, & 12

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Justin Herrin
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ACCT 3324: AIS - Exam 1 Study

Frage 1 von 53

1

Data differ from information in which way?

Wähle eine der folgenden:

  • Data are output and information is input.

  • Information is output and data are input.

  • Data are meaningful bits of information.

  • Press enter after select an option to check the answer

    There is no difference.

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Frage 2 von 53

1

Which of the following is not a characteristic that makes information useful?

Wähle eine der folgenden:

  • It is reliable.

  • It is timely.

  • It is inexpensive.

  • It is relevant.

Erklärung

Frage 3 von 53

1

Which of the following is a primary activity in the value chain?

Wähle eine der folgenden:

  • Purchasing

  • Accounting

  • Post-sales service

  • Human resource management

Erklärung

Frage 4 von 53

1

Which transaction cycle includes interactions between an organization and its suppliers?

Wähle eine der folgenden:

  • Revenue cycle

  • Expenditure

  • Human resources/payroll cycle

  • General ledger and reporting system

Erklärung

Frage 5 von 53

1

Which of the following is not a means by which information improves decision making?

Wähle eine der folgenden:

  • Increases information overload

  • Reduces uncertainty

  • Provides feedback about the effectiveness of prior decisions

  • Identifies situations requiring management action

Erklärung

Frage 6 von 53

1

In the value chain concept, upgrading IT is considered what kind of activity?

Wähle eine der folgenden:

  • Primary activity

  • Support activity

  • Service activity

  • Structured activity

Erklärung

Frage 7 von 53

1

In which cycle does a company ship goods to customers?

Wähle eine der folgenden:

  • Production cycle

  • Financing cycle

  • Revenue cycle

  • Expenditure cycle

Erklärung

Frage 8 von 53

1

Which of the following is a function of an AIS?

Wähle eine der folgenden:

  • Reducing the need to identify a strategy and strategic position

  • Transforming data into useful information

  • Allocating organizational resources

  • Automating all decision making

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Frage 9 von 53

1

A firm, its suppliers, and its customers collectively form which of the following?

Wähle eine der folgenden:

  • Supply chain

  • Value chain

  • ERP system

  • AIS

Erklärung

Frage 10 von 53

1

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?

Wähle eine der folgenden:

  • Paying vendors

  • Acquiring inventory

  • Selling merchandise

  • Paying employees

Erklärung

Frage 11 von 53

1

Which of the following is not a step in the data processing cycle?

Wähle eine der folgenden:

  • Data collection

  • Data input

  • Data storage

  • Data processing

Erklärung

Frage 12 von 53

1

All of the information (e.g., name, GPA, major, etc.) about a particular student is stored in the same _______________.

Wähle eine der folgenden:

  • file

  • record

  • attribute

  • field

Erklärung

Frage 13 von 53

1

Which of the following would contain the total value of all inventory owned by an organization?

Wähle eine der folgenden:

  • Source document

  • General ledger

  • Cash budget

Erklärung

Frage 14 von 53

1

Which of the following is most likely to be a general ledger control account?

Wähle eine der folgenden:

  • Accounts receivable

  • Petty cash

  • Prepaid rent

  • Retained earnings

Erklärung

Frage 15 von 53

1

Which of the following documents is most likely to be used in the expenditure cycle?

Wähle eine der folgenden:

  • Sales order

  • Credit memo

  • Receiving report

  • Job time ticket

Erklärung

Frage 16 von 53

1

Which of the following is least likely to be a specialized journal?

Wähle eine der folgenden:

  • Sales journal

  • Cash receipts journal

  • Prepaid insurance journal

  • Cash disbursements journal

Erklärung

Frage 17 von 53

1

How does the chart of accounts list general ledger accounts?

Wähle eine der folgenden:

  • Alphabetical order

  • Chronological order

  • Size order

  • The order in which they appear in financial statements

Erklärung

Frage 18 von 53

1

Which of the following is not an advantage of an ERP system?

Wähle eine der folgenden:

  • Better access control

  • Standardization of procedures and reports

  • Improved monitoring capabilities

  • Simplicity and reduced costs

Erklärung

Frage 19 von 53

1

Records of company data sent to an external party and then returned to the system as input are called _________.

Wähle eine der folgenden:

  • Turnaround documents

  • Source data automation documents

  • Source documents

  • External input documents

Erklärung

Frage 20 von 53

1

Recording and processing information about a transaction at the time it takes place is referred to as which of the following?

Wähle eine der folgenden:

  • Batch processing

  • Online, real-time processing

  • Captured transaction processing

  • Chart of accounts processing

Erklärung

Frage 21 von 53

1

The relational data model portrays data as being stored in __________.

Wähle eine der folgenden:

  • hierarchies

  • tables

  • objects

  • files

Erklärung

Frage 22 von 53

1

How a user conceptually organizes and understands data is referred to as the __________.

Wähle eine der folgenden:

  • physical view

  • logical view

  • data model view

  • data organization view

Erklärung

Frage 23 von 53

1

What is each row in a relational database table called?

Wähle eine der folgenden:

  • Relation

  • Attribute

  • Anomaly

  • Tuple

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Frage 24 von 53

1

Which of the following is an individual user’s view of the database?

Wähle eine der folgenden:

  • Conceptual-level schema

  • External-level schema

  • Internal-level schema

  • Logical-level schema

Erklärung

Frage 25 von 53

1

Which of the following would managers most likely use to retrieve information about sales during the month of October?

Wähle eine der folgenden:

  • DML

  • DSL

  • DDL

  • DQL

Erklärung

Frage 26 von 53

1

Which of the following attributes would most likely be a primary key?

Wähle eine der folgenden:

  • Supplier name

  • Supplier number

  • Supplier zip code

  • Supplier account balance

Erklärung

Frage 27 von 53

1

Which of the following is a software program that runs a database system?

Wähle eine der folgenden:

  • DQL

  • DBMS

  • DML

  • DDL

Erklärung

Frage 28 von 53

1

The constraint that all primary keys must have non-null data values is referred to as which of the following?

Wähle eine der folgenden:

  • Referential integrity rule

  • Entity integrity rule

  • Normalization rule

  • Relational data model rule

Erklärung

Frage 29 von 53

1

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?

Wähle eine der folgenden:

  • Referential integrity rule

  • Entity integrity rule

  • Foreign key value rule

  • Null value rule

Erklärung

Frage 30 von 53

1

Which of the following attributes in the Cash Receipts table (representing payments received from customers) would most likely be a foreign key?

Wähle eine der folgenden:

  • Cash receipt number

  • Customer check number

  • Customer number

  • Cash receipt date

Erklärung

Frage 31 von 53

1

Which activity is part of the sales order entry process?

Wähle eine der folgenden:

  • Setting customer credit limits

  • Preparing a bill of lading

  • Checking customer credit

  • Approving sales returns

Erklärung

Frage 32 von 53

1

Which document often accompanies merchandise shipped to a customer?

Wähle eine der folgenden:

  • Picking ticket

  • Packing slip

  • Credit memo

  • Sales order

Erklärung

Frage 33 von 53

1

Which method is most likely used when a company offers customers discounts for prompt payment?

Wähle eine der folgenden:

  • Open-invoice method

  • Balance-forward method

  • Accounts receivable aging method

  • Cycle billing method

Erklärung

Frage 34 von 53

1

Which of the following techniques is the most efficient way to process customer payments and update accounts receivable?

Wähle eine der folgenden:

  • EFT

  • UPIC

  • FEDI

  • ACH

Erklärung

Frage 35 von 53

1

Which of the following revenue cycle activities can potentially be eliminated by technology?

Wähle eine der folgenden:

  • Sales order entry

  • Shipping

  • Billing

  • Cash collections

Erklärung

Frage 36 von 53

1

The integrated database underlying an ERP system results in which of the following general threats to the revenue cycle?

Wähle eine der folgenden:

  • Inaccurate or invalid master data

  • Unauthorized disclosure of sensitive information

  • Loss or destruction of data

  • All of the above

Erklärung

Frage 37 von 53

1

Which document is used to authorize the release of merchandise from the inventory control (warehouse) to shipping?

Wähle eine der folgenden:

  • Picking ticket

  • Packing slip

  • Shipping order

  • Sales invoice

Erklärung

Frage 38 von 53

1

Which of the following provides a means to both improve the efficiency of processing customer payments and to enhance control over those payments?

Wähle eine der folgenden:

  • CRM

  • Lockboxes

  • Aging accounts receivable

  • EDI

Erklärung

Frage 39 von 53

1

For good internal control, who should approve credit memos?

Wähle eine der folgenden:

  • Credit manager

  • Sales manager

  • Billing manager

  • Controller

Erklärung

Frage 40 von 53

1

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?

Wähle eine der folgenden:

  • Billing

  • Accounts receivable

  • Cashier

  • Sales

Erklärung

Frage 41 von 53

1

What are the 6 interrelated components of an AIS system?

Wähle eine oder mehr der folgenden:

  • people

  • procedures and instructions

  • data

  • software

  • information technology infrastructure

  • internal controls

  • accounts receivable

  • database management

Erklärung

Frage 42 von 53

1

Which of the following are characteristics of useful information?

Wähle eine oder mehr der folgenden:

  • relevant

  • timely

  • inexpensive

  • simple

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Frage 43 von 53

1

Which of the following activities are part of the expenditure cycle?

Wähle eine oder mehr der folgenden:

  • Purchase raw materials

  • Payoff mortgage on factory

  • Establish a $10,000 credit limit for XYZ company

  • Pay for raw materials

Erklärung

Frage 44 von 53

1

Which of the following activities are part of the financing cycle?

Wähle eine oder mehr der folgenden:

  • Hire a new assistant controller

  • Payoff mortgage on factory

  • Draw on line-of-credit

  • Pay utility bills

Erklärung

Frage 45 von 53

1

Which of the following are part of the human resources/payroll cycle?

Wähle eine oder mehr der folgenden:

  • Hire a new assistant controller

  • Decide how many units to make next month

  • Sell concert tickets

  • Record factory employee timecards

Erklärung

Frage 46 von 53

1

Which of the following are part of the revenue cycle?

Wähle eine oder mehr der folgenden:

  • Pay federal payroll taxes

  • Sell concert tickets

  • Decide how many units to make next month

  • Collect payments on customer accounts

Erklärung

Frage 47 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report used in credit granting decisions. ( Relevant, Reliable, Complete, Timely, Understandable, Verifiable, Accessible ).

Erklärung

Frage 48 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Which of the 7 characteristics of information does the following situation represent? A report checked by 3 different people for accuracy. ( Reliable, Relevant, Complete, Timely, Understandable, Verifiable, Accessible ).

Erklärung

Frage 49 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Which of the 7 characteristics of information does the following situation represent? An accounts receivable aging report that included all customer accounts. ( Complete, Relevant, Reliable, Timely, Understandable, Verifiable, Accessible ).

Erklärung

Frage 50 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

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, Relevant, Reliable, Complete, Understandable, Verifiable, Accessible ).

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Frage 51 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

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, Relevant, Reliable, Complete, Timely, Verifiable, Accessible ).

Erklärung

Frage 52 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

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, Relevant, Reliable, Complete, Timely, Understandable, Accessible ).

Erklärung

Frage 53 von 53

1

Wähle von der Aufklappliste, um den Text zu vervollständigen.

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, Relevant, Reliable, Complete, Timely, Understandable, Verifiable ).

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