8/18/2016 Online Quiz

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Online Quiz
1 Accounting information systems are:
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PowerPoint Presentation A) Always computerized.

B) An information system that collects financial reporting information for decision making and control.

C) An information system that records, processes and reports on transactions to provide financial and non-financial
information for decision making and control.
D) An information system that collects and disburses financial and non-financial information for decision making and control.

2 Which of the following is a characteristic of relevant information?

A) Predictive value.

B) Neutrality.

C) Verifiable.

D) Easy to understand.
3 Which of the following are considered to be discretionary information produced by accounting information systems?

A) U.S. Tax Return.

B) Bank capital submission to the State Banking Commission.

C) The number of U.S. flags that are sold on July 4.

D) 10-K regulatory filing to the Securities and Exchange Commission.

4 Support activities in the value chain include all but the following:

A) Firm Infrastructure

B) Technology

C) Procurement

D) Marketing and Sales

5 What designation would most appropriate for those CPAs possessing IS audit, control and security skills?

A) Certified Information Systems Auditors (CISA)

B) Certified Accounting Information System Auditor (CAISA)

C) Certified Internal Auditor (CIA)

D) Certified Information Technology Professional (CITP)

6 A supply chain:

A) Supplies only chain saws.

B) Is the flow of materials from supplier to customer.

C) Is similar in function and purpose to the value chain.

D) Applies only to service firms.

7 Primary Activities in the value chain include:

A) Firm Infrastructure

B) Service Activities

C) Human Resource Management

D) Procurement

8 The income statement account most likely affected by an AIS investment in enterprise systems would be:

A) Revenues

B) Cost of Goods Sold

C) Selling, General and Administrative Expenses

D) Income Taxes

9 According to a recent study, the IT strategic role that has the least impact on shareholder value is:

A) Informate

B) Digitize

C) Automate

D) Transform

10 The income statement account most likely affected by an AIS investment in customer relationship management would be:

A) Revenues

B) Cost of Goods Sold

C) Selling, General and Administrative Expenses

D) Income Taxes
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