AIS Exam 1 Latest 2023 with Complete and Certified Solutions

AIS Exam 1 Latest 2023 with Complete and Certified Solutions Which is conceptually similar to a ledger in a manual AIS? a. Database b. Master file c. Attribute d. Transaction file b In value chain analysis, what is that activity of receiving storing, and distributing materials used in the organization called? a. Purchasing b. Outbound logistics c. Inbound logistics d. Inventory mgmt c Number of hours worked last week would be recorded in which file? a. employee master file b. employee transaction file c. payroll master file d. payroll transaction file d Which concerns events related to the distribution of goods and services to other organizations and the collection of related payments? a. production b. expenditure c. financial reporting d. revenue d The transaction processing cycle that is concerned with the events related to the transofmration of resources into goods and services is a. production b. revenue c. financial reporting d. expenditure a A complete organization wide systems solution involving one software package and one database is referred to as a. ERP b. MRP c. SCM d. AIS a If information arrives too late to impact a decision then there is a problem with a. timeliness b. relevance c. completeness d. neutrality a Supporting activities of the value chain include a. accounting b. marketing c. production d. sales a A collection of related characters that comprise an attitbute such as customer number are known as a a. character b. field c. record d. attribute b a collection of related data fields pertaining to a particular entity or event is known as a a. character b. field c. record d. attribute c in which journal would you most likely record depreciation expense? a. general b. purchases c. expenditure d. cash disbursements a Real time posting normally would be least useful when applied to accounting for an organization's a. bank accounting balances b. property and depreciation c. customer accounts receivable d. merchandise inventory b a symbol used in DFDs to depict an entity or process within which income data flows are transformed into outgoing data flows is a a. data flow symbol b. external entity symbol c. bubble symbol d. data store symbol c Which of the following DFD symbols is represented by two parallel lines? a. data flow b. external entity c. internal entity d. data store d Which DFD symbol is usually portrayed with a square? a. data flow b. data store c. external entity d. process or internal eneity c Those entities which perform no information processing activities for the system are called: a. external entities b. internal entities c. boundary entities d. environmental entities a in a physical DFD, a bubble of circle could be used to specify each of the following except: a. where a process is performed b. how a process is performed c. by whom a process is performed d. what process is performed d which data flow diagram shows what activities the system is performing without having to specify how, where, or by whom the activities are accomplished? a. context diagram b. physical data flow diagram c. systems flowchart d. logical data flow diagram d in a logical DFD for cash receipts system, each of the following labels might appear in a bubble except: a. cashier b. capture cash receipt c. prepare deposit d. record customer payment a When two DFDs have equivalent external data flows we say that the two data flows diagram are a. congruent b. similar c. balanced d. equal c How many circles are drawn in a context diagram? a. zero b. one c. three d. between 5 and 7 b an information processing activity could be any of the following except: a. sending or receiving data between entities b. document preparation c. data entry d. verification a which of the coding methods represents a logical association between the character forming the code and the item being idenfified? a. block coding b. sequence code c. group code d. mnemonic code d What is a set of processing reference sthat enables that tracing of an event from its source to its destination r from its destination back to its sources known as? a. sequencing records b. hierarchial report c. audit trail d. coding methods c All of the following transactions result in an update of a master file except: A. update unit pricing information B. update accounts payable balance C. record payroll checks D. change employee pay rates c Then general ledger account that has a related subsidiary ledger is a called a _____ A. entity account B. transaction data C. master account D. control account d A resource, event, or agent about which data are collected is called: A. an attribute B. an entity C. a relationship D. a query b An entity can be classified as all of the following except: A. resource B. event C. record D. agent c Which of the following is not included in the revenue process? A. shipping B. accounts receivable C. payment of stock dividends D. sales order processing c Which document is not a type of source document used by an organization's information system? A. a sales order B. an employee time card C. a paycheck D. sales return receipt c The type of transaction cost suitable for real-time processing is A. recording fixed asset purchases B. recording interest earned on long-term bonds C. adjusting prepaid insurance D. recording a sale on account d . A client's accounting records are unfamiliar to a new auditor. Where would a new auditor go to learn the names and numbers of the accounts being debited and credited in the transactions A. general journal B. general ledger C. chart of accounts D. internal control flowcharts c If you received a request from a customer who wanted to know how much they owed, you would go to the: A. accounts receivable - general ledger account B. accounts receivable - subsidiary ledger C. sales journal D. sales invoice file b Which of the following transactions would not be recorded in the sales journal? A. cash sale B. charge sale C. credit memo allowance for defective merchandise D. all of the above would be recorded in the sales journal a Financial statements are prepared from numbers in the: A. special journals B. general journals C. general ledger D. subsidiary ledgers c