AIS Quiz Questions and Answers for Exam 1 | 100% verified questions and answers 2023

AIS Quiz Questions and Answers for Exam 1 | 100% verified questions and answers 2023 A graphical description of data sources, data flows, transformation processes, data storage, and data destinations is called a a) a flowchart. b)a business process diagram. c)a context diagram. d)a data flow diagram. - d)a data flow diagram. .2 In a DFD, a data destination is represented by a)a bubble. b)an arrow. c)a square. d)two horizontal lines. - c)a square. Which of the following is not a guideline when preparing a data flow diagram? a)Group transformation processes. b)Give each process a sequential number. c)Subdivide the DFD. d) Do not ignore any aspects of the system. - d) Do not ignore any aspects of the system. A well-planned and drawn level 0 data flow diagram for the revenue cycle would show which of the following processes? a)0.1 Take customer's order; 0.12 Ship product; 0.13 Bill customer. b)1.0 Take customer's order; 2.0 Ship product; 3.0 Bill customer. c)1.1 Take customer's order; 1.2 Ship product; 1.3 Bill customer. d)0.1 Take customer's order; 0.2 Ship product; 0.3 Bill customer. - b)1.0 Take customer's order; 2.0 Ship product; 3.0 Bill customer. Which of the following is NOT a flowcharting symbol category? a)Input/output b)Storage c)Reporting d)Processing - c)Reporting A ______ is a pictorial, analytical technique used to describe some aspect of an information system in a clear, concise, and logical manner. a)BFD b)narrative c)context flow diagram d)flowchart - d)flowchart The type of flowchart that illustrates the flow of documents and data among areas of responsibility within an organization is called a)system flowchart. b)program flowchart. c)document flowchart. d)business process flowchart - c)document flowchart. The type of flowchart that illustrates the relationships among system input, processing, storage, and output in an organization is called a)internal control flowchart. b)system flowchart. c)document flowchart. d)program flowchart. - b)system flowchart. A BPD provides users a ________ of the different steps or activities in a business process. a)visual view b)data flow c)decision tree d)narrative - a)visual view A BPD for the revenue cycle will include which of the following? a)Description of all selling functions within an organization. b)Description of all the major functions performed within all cycles within an organization. c)Description of all purchasing functions performed within an organization. d)Description of all human resource and payroll functions within an organization. - a)Description of all selling functions within an organization. To minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also a)authorize credit memos b)post adjustments to accounts receivable c)none of these activities can be performed by the person who handles and deposits customer payments d)reconcile the bank statements - c)none of these activities can be performed by the person who handles and deposits customer payments Which of the following controls could be used to mitigate the threat of uncollectible accounts? a)Restriction of physical access to inventory. b)Restriction of access to pricing master data. c)Credit limits. d) Encryption. - c)Credit limits. Restricting physical access to inventory is designed to minimize the threat of a)picking the wrong items or the wrong quantity b)shipping errors c)theft of inventory d)failure to bill - c)theft of inventory Which control procedure is designed to minimize the threat of posting errors to accounts receivable? a)mailing of monthly statements to customers b)aging of accounts receivable c)separation of the shipping and billing fucntions d)all of these controls minimize the threat of posting errors to accounts receivable e)approval of credit memos by the credit manager - a)mailing of monthly statements to customers A legal contract that defines responsibility for goods while they are in transit is called a)a picking ticket. b)an invoice. c)a packing slip. d) a bill of lading. - d) a bill of lading. Which of the following is a threat to the shipping process? a)Stockouts or excess inventory. b)Inaccurate or invalid credit memos. c)Incomplete/inaccurate orders. d)Picking the wrong items or the wrong quantity. - d)Picking the wrong items or the wrong quantity. Which of the following is used to change a customer's accounts receivable balance? a)picking list b)bill of lading c)packing slip d)sales invoice e)sales order - d)sales invoice Which control would help reduce the threat of cash flow problems? a)Having the person who opens the mail immediately create a list of all customer payments received b)None of these controls reduce the threat of cash flow problems c)Prompt, restrictive endorsement of all customer checks d)All of these controls reduce the threat of cash flow problems e)Lockbox arrangements - e)Lockbox arrangements What is financial electronic data interchange (FEDI)? a)It is the combi