AIS Exam 1 (Chapters 1-4) Questions and Answers Graded A

AIS Exam 1 (Chapters 1-4) Questions and Answers Graded A Which of the following is not an example of how an AIS adds value to an organization? a. all employees at a hospital can access and update patient records from any computer terminal in the hospital. b. client tax files are encrypted and made available on the CPS firm's network to any employee with an access code c. suppliers are able to access sales data directly from the point-of-sale system of a retailer and deliver inventory automatically when needed. d. a customer service representative can find a customer's account data, purchase history, payment history, and salesperson's name while on the phone with the customer, to resolve issues quickly. a. all employees at a hospital can access and update patient records from any computer terminal in the hospital. Information that is free from error or bias and accurately represents the events or activities of the organization is a. complete b. relevant c. verifiable d. reliable e. timely d. reliable In which transaction cycle would information relating to employees benefit be most likely to pass between internal and external accounting information systems? a. the Revenue cycle b. the Expenditure cycle c. the HR-Payroll cycle d. the Production cycle e. the Financing cycle c. the HR-Payroll cycle Arranging delivery of products to customers constitutes ___________ in value chain analysis. a. shipping b. inbound logistics c. outbound logistics d. technology c. delivery c. outbound logistics Information that does not omit important aspects of the underlying events or activities that it measures is a. verifiable b. accessible c. complete d. timely e. relevant c. complete Before firm can identify the information needed to effectively manage a process, the firm must a. obtain internet access b. hire a consultant c. purchase computers d. understand the process d. understand the process Baggins Incorporated identifies new product development and product improvement as the top corporate goals. An employee developed an innovation that will correct a shortcoming in one of the company's products. Although Baggins current Return on Investment (ROI) is 12