AIN2601 Assessment 6 Answers Part B

AIN2601 Assessment 6 Test Prep Part B
Grade 39.00 out of 40.00 (97.50%)




Question 1
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A financial management information system integrates financial and operational
information from various sources into one system and ensures easy and quick access to all
relevant users.
Select one:
True
False

Question 2
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Business Intelligence Software provide useful and relevant information to assist
with decision-making on all managerial levels.
Select one:
True
False

Question 3
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Business intelligence software (BIS) supports the unique information needs of every
functional area. The manager of every functional area only has access to the information
pertaining to his or her area of responsibility.
Select one:
True
False

, Question 4
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Extensible Markup Language (XML) is not only a markup language but also a financial
reporting standard.
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True
False

Question 5
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An advantage of XBRL is that the initial cost of tagging XBRL data is low, as it does not
require intensive labour input.
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True
False

Question 6
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Question text
A financial MIS integrates financial and operational information from various sources into
one system. Which of the following is NOT an example of a use of a financial MIS report?
1.
Warehouse management



2.
Summaries of cash-flow information



3.
Reporting on exceptions and deviations