Accounting Information Systems: An...

Multiple Choice
1.
Which of the following accurately depicts the components of an
accounting information system? [Hint]
People, forms, and reports
People, procedures, and information technology
People, procedures, and paper
Procedures, paper, and information technology
People, paper, and information technology

2.
Which of the following is not one of the three important functions that
an accounting information system performs? [Hint]
It collects and stores data about activities and transactions so that the
organization can review what has happened in the business.
It processes data into information that is useful for making decisions that
enable management to plan, execute, and control activities.
It assures that management's decisions optimize the profitability of the
company.
It provides adequate controls to safeguard the organization's assets,
including its data. These controls ensure that the data is available when needed and
that it is accurate and reliable.

3.

Identify the two basic strategies noted in the text. [Hint]

Low cost producer strategy and high quantity producer strategy
High quantity producer strategy and loss leader strategy
Product/service differentiation strategy and loss leader strategy
Low cost producer strategy and product/service differentiation strategy

4.
Identify the three strategic positions which an organization might
adopt. [Hint]
Variety-based, access-based, and needs-based
Customer-based, product-based, location-based
Customer-based, product-based, access-based
Access-based, needs-based, and product based

5.
Which of the following is not one of the primary activities in the value
chain of an organization? [Hint]
Marketing and Sales
Outbound Logistics

Operations
Service
Inbound Logistics
Purchasing

6.
Which of the following is not one of the support activities in the value
chain of an organization? [Hint]
Service
Purchasing
Firm Infrastructure
Technology
Human Resources

7.
While an accounting information system supports each of the
organization's primary activities in the value chain as well as many of the support
activities, it can only be categorized into one of the activities. Into which activity is
the accounting information system categorized? [Hint]
Purchasing
Service
Firm Infrastructure
Operations
Technology

8.
An accounting information system adds value to an organization in
many ways. Which of the following is not a way in which the AIS adds value? [Hint]
Monitoring outputs for defects to increase product quality
Providing more timely information
Providing more accurate information
Sharing expertise
Monitoring outputs for defects to reduce the amount of waste
All of the above are ways in which an AIS adds value to the organization.

9.

What is data? [Hint]

All of the facts that are collected, stored, and processed by an information
system
All of the debit and credit information about each transaction
A character in the Star Trek series
The same thing as information

10 .
Listed below are the six characteristics that make information useful
and meaningful. Pick the characteristic that relates to information's ability to reduce
uncertainty. [Hint]
Relevant
Reliable
Complete
Timely
Understandable
Verifiable

11 .
In order for an accounting information system to meet the needs of
systems users, one must take into account the types of decisions that are made.
Decisions vary from repetitive and routine to nonrecurring and nonroutine. How
would you classify a decision where no framework or model exists for the decision?
[Hint]
Structured
Semistructured
Unstructured

12 .
While more is often considered better, we reach a point at which our
human minds cannot effectively absorb and process more information. This
condition is called: [Hint]
Neural Collapse
Strategic Capacity
Information Overload
Decision Aid Deficient
None of the above