IAS Questions with correct answers

IAS Questions with correct answers 1. Which of the following is not a business resource? - Raw material, Labor, Information (All of the above) Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives? - Middle Management Which level of management is responsible for controlling day-to-day operations? - Operations Management The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems. This is called - Subsystem Interdependency The value of information for users is determined by all of the following but - Convenience An example of a nonfinancial transaction is - Log of customer calls An example of a financial transaction is - The purchase of computer Which subsystem is not part of the Accounting Information System? - Expert Syst