Accounting Information Systems Chapter 2 Quiz Questions Romney
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Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart
Chapter 2 Quiz Questions • Data differ from information in which way? • Data are output, and information is input. • Information is output, and data are input. • Data are meaningful bits of information. • There is no difference.
Chapter 2 Quiz Questions • Which of the following is NOT a characteristic that makes information useful? • • It is reliable, It is timely. It is inexpensive. It is relevant.
Chapter 2 Quiz Questions • Which of the following is a primary activity in the value chain? • • purchasing post-sales service accounting human resource management
Chapter 2 Quiz Questions • Which transaction cycle includes interactions between an organization and its suppliers? • revenue cycle • human resources/payroll cycle • expenditure cycle • general ledger and reporting system
Chapter 2 Quiz Questions • Which of the following is NOT a means by which information improves decision making? • increases information overload • reduces uncertainty • provides feedback about the effectiveness of prior decisions • identifies situations requiring management action
Chapter 2 Quiz Questions • In the value chain concept, upgrading IT is considered what kind of activity? • • primary activity service activity support activity structured activity
Chapter 2 Quiz Questions • In which cycle does a company ship goods to customers? • • production cycle revenue cycle financing cycle expenditure cycle
Chapter 2 Quiz Questions • Which of the following is a function of an AIS? • reducing the need to identify a strategy and strategic position • transforming data into useful information • allocating organizational resources • automating all decision making
Chapter 2 Quiz Questions • A firm, its suppliers, and its customers collectively form which of the following? • • supply chain value chain ERP system AIS
Chapter 2 Quiz Questions • A report telling how well approved vendors have performed in the prior 12 months is information that is MOST needed in which business process? • • paying vendors selling merchandise acquiring inventory paying employees
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