ACCOUNTING INFORMATION SYSTEMS
15TH EDITION ACTUAL EXAM UPDATED
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ What aspects does a simple information system have?
Answer: Input, processing, storage, and output.
◉ What is processing?
Answer: Activities at the transaction level - CRUD (Create new
records, Read existing records, Update existing records, Delete
records or data).
◉ What are two different types of databases?
Answer: Hierarchical and relational.
◉ What is a hierarchical database?
Answer: An outdated method where you need data at a higher level
to obtain data at a lower level.
◉ What is a relational database?
, Answer: A database used frequently today that allows all business
streams to access data and information as required by the business.
Example: Sheridan Student Services booking system.
◉ What is the difference between data and information?
Answer: Data are raw facts (ie., numbers) that describe an event and
have little meaning on their own. Information is data organized to be
meaningful for the user. Data serves as an input.
◉ What is discretionary information?
Answer: Information that is not required by law. Think: secret
◉ What is mandatory information?
Answer: Information that is mandatory by law.
◉ What is a value chain?
Answer: The primary activities (Inbound > Operations > Outbound >
Marketing > Service)
◉ What is the supply chain?
Answer: Refers to the flow of materials, information, payments, and
services from suppliers through to the customer.
15TH EDITION ACTUAL EXAM UPDATED
COMPLETE QUESTIONS AND CORRECT
ANSWERS
◉ What aspects does a simple information system have?
Answer: Input, processing, storage, and output.
◉ What is processing?
Answer: Activities at the transaction level - CRUD (Create new
records, Read existing records, Update existing records, Delete
records or data).
◉ What are two different types of databases?
Answer: Hierarchical and relational.
◉ What is a hierarchical database?
Answer: An outdated method where you need data at a higher level
to obtain data at a lower level.
◉ What is a relational database?
, Answer: A database used frequently today that allows all business
streams to access data and information as required by the business.
Example: Sheridan Student Services booking system.
◉ What is the difference between data and information?
Answer: Data are raw facts (ie., numbers) that describe an event and
have little meaning on their own. Information is data organized to be
meaningful for the user. Data serves as an input.
◉ What is discretionary information?
Answer: Information that is not required by law. Think: secret
◉ What is mandatory information?
Answer: Information that is mandatory by law.
◉ What is a value chain?
Answer: The primary activities (Inbound > Operations > Outbound >
Marketing > Service)
◉ What is the supply chain?
Answer: Refers to the flow of materials, information, payments, and
services from suppliers through to the customer.
