AC 731 Exam 2 Advanced Accounting Information
Systems EXAM 2026-2027 LATEST UPDATED
VERSION 110 QUESTIONS AND ANSWERS JUST
RELEASED
Which of these is an example of an economy risk?
a) Loss of brand quality
b) The increasing cost of computer memory chips
c) Sales made to non-existent customers
d) A change in the financial markets - answer>>d
Which risks are associated primarily with recording, maintaining and reporting information
about resources, events, agents and relationships among them?
a) Business process risks
b) Information process risks
c) Industry risks
d) Enterprise risks - answer>>b
What kind of control is bonding (i.e., buying insurance to protect against theft by cash-handling
employees)?
a) Primarily preventive
b) Primarily detective
c) Primarily corrective
d) Primarily substitutive - answer>>c
,What identifies the functions each user is allowed to perform and specifies which data and
programs the user can access after gaining access to the system?
a) Passwords
b) Logical access controls
c) Access control matrix
d) Application controls - answer>>c
What abstraction mechanism create an "is-a" relationship between a super-class and one or
more sub-classes?
a) Generalization
b) Typification
c) Conversion
d) Fulfillment - answer>>a
In the REA ontology, a relationship between two types (e.g. resource type and event type or
event type and agent type) likely represents
a) Typification
b) Specification
c) Policy
d) Internal Control - answer>>c
In the REA ontology, a relationship between a commitment event and a resource type or an
agent type likely represents
a) Typification
b) Specification
c) Policy
, d) Internal Control - answer>>b
In the REA ontology, representation of what could be, should be, or must be is part of the
a) Operational layer
b) Accountability layer
c) Policy layer
d) Scheduling layer - answer>>c
Exclusion of a class or association because of inadequate measurement mechanisms is what
kind of implementation compromise?
a) Conceptual level
b) Logical level
c) Physical level
d) Meta-physical level - answer>>a
In some enterprises, certain pairs or groups of events always occur simultaneously. These events
are called:
a) Logically congruent events
b) Physically congruent events
c) Conceptually congruent events
d) Economically congruent events - answer>>c
Which of the following is a disadvantage that results from combined class key posting?
a) Inability to run queries
b) Inability to enforce referential integrity
Systems EXAM 2026-2027 LATEST UPDATED
VERSION 110 QUESTIONS AND ANSWERS JUST
RELEASED
Which of these is an example of an economy risk?
a) Loss of brand quality
b) The increasing cost of computer memory chips
c) Sales made to non-existent customers
d) A change in the financial markets - answer>>d
Which risks are associated primarily with recording, maintaining and reporting information
about resources, events, agents and relationships among them?
a) Business process risks
b) Information process risks
c) Industry risks
d) Enterprise risks - answer>>b
What kind of control is bonding (i.e., buying insurance to protect against theft by cash-handling
employees)?
a) Primarily preventive
b) Primarily detective
c) Primarily corrective
d) Primarily substitutive - answer>>c
,What identifies the functions each user is allowed to perform and specifies which data and
programs the user can access after gaining access to the system?
a) Passwords
b) Logical access controls
c) Access control matrix
d) Application controls - answer>>c
What abstraction mechanism create an "is-a" relationship between a super-class and one or
more sub-classes?
a) Generalization
b) Typification
c) Conversion
d) Fulfillment - answer>>a
In the REA ontology, a relationship between two types (e.g. resource type and event type or
event type and agent type) likely represents
a) Typification
b) Specification
c) Policy
d) Internal Control - answer>>c
In the REA ontology, a relationship between a commitment event and a resource type or an
agent type likely represents
a) Typification
b) Specification
c) Policy
, d) Internal Control - answer>>b
In the REA ontology, representation of what could be, should be, or must be is part of the
a) Operational layer
b) Accountability layer
c) Policy layer
d) Scheduling layer - answer>>c
Exclusion of a class or association because of inadequate measurement mechanisms is what
kind of implementation compromise?
a) Conceptual level
b) Logical level
c) Physical level
d) Meta-physical level - answer>>a
In some enterprises, certain pairs or groups of events always occur simultaneously. These events
are called:
a) Logically congruent events
b) Physically congruent events
c) Conceptually congruent events
d) Economically congruent events - answer>>c
Which of the following is a disadvantage that results from combined class key posting?
a) Inability to run queries
b) Inability to enforce referential integrity
