AIN2601 Assessment 6 part c

AIN2601 Assessment 6 Test Prep Part C
Grade 40.00 out of 40.00 (100.00%)
Question 1
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A financial management information system (MIS) …



1.
generates reports in hard copy
2.
generates standard and/or tailored reports
3.
generates summaries of cash-flow information
4.
reports financial and nonfinancial information from various internal and external sources
Question 2
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The sole purpose of a management information system (MIS) is to generate only financial
reports about operational activities.
Select one:
True
False
Question 3
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A report that provides progressively detailed data on a matter is a …
1.
demand report

, 2.
exception report
3.
drill-down report
4.
scheduled report
Question 4
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Which one of the following options is an advantage of Extensible Business Reporting Language
(XBRL)?


1.
Most transaction processing systems can export to XBRL
2.
Relatively low initial cost of implementation.
3.
Assists in meeting IFRS reporting requirements
4.
Low risk of unauthorized access and alterations
Question 5
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Business information systems provide useful and relevant information to assist with decision-
making on all managerial levels.



Select one:
True
False
Question 6
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