Edition By Vernon Richardson Questions and
Answer Key
,
, Chap 01 4e Richardson
1) Accounting information systems:
A) Are always computerized.
B) Report only accounting information.
C) Include records, processes and reports.
D) Are for computer games.
2) Which of the following is not an attribute of useful information?
A) Bias.
B) Feedback value.
C) Predictive value.
D) Verifiability.
3) Which of the following are considered to be mandatory information required by a regulatory
body?
A) Financial reports for the Securities and Exchange Commission.
B) The amount of taxes saved by a merger.
C) The total dollar value of fireworks that are sold on July 4.
D) The cost to build an all-new Starbucks restaurant in Abu Dhabi.
4) The correct order of effects in the value chain are:
A) Inbound Logistics → Operations → Service.
B) Inbound Logistics → Outbound Logistics → Marketing & Sales.
C) Inbound Logistics → Operations → Outbound Logistics.
D) Inbound Logistics → Operations → Shipping.
5) Which designation would be most appropriate for those professionals possessing IT audit,
control and security skills?
A) Certified Internal Auditor (CIA).
B) Certified Public Accountant (CPA).
C) Certified Information Technology Professional (CITP).
D) Certified Information Systems Auditors (CISA).