AIN2601-24-S2 Assessment 6
QUIZ
Started on Wednesday, 6
November 2024,
11:55 AM
State Finished
Completed on Wednesday, 6
November 2024,
12:13 PM
Time taken 17 mins 51 secs
Grade 38.00 out of 40.00
(95%)
Question 1
Complete
Mark 1.00 out of 1.00
Extensible Business Reporting Language
(XBRL) in South Africa is regulated by
XBRL South Africa. Which one of the
following is NOT function of XBRL South
Africa?
1. Develops XBRL software.
2. Training and education of users.
3. Identi es speci c reporting
needs.
4. Creates taxonomies based on
user needs.
Question 2
Complete
Mark 1.00 out of 1.00
Examples of external sources of MIS
inputs include supplier and customer
feedback, information on competitors,
publicly available information and census
data.
Select one:
True
False
,Question 3
Complete
Mark 1.00 out of 1.00
A disadvantage of XBRL is that data
received via XBRL cannot be validated
and analysed by using speci c software.
Select one:
True
False
Question 4
Complete
Mark 1.00 out of 1.00
Which one of the following is NOT a
characteristic of valuable information?
1. Timely
2. Relevant
3. Economical
4. Con dential
Question 5
Complete
Mark 1.00 out of 1.00
Internal and external resources can both
be used as input for Management
Information System (MIS)’s.
Select one:
True
False
Question 6
Complete
Mark 1.00 out of 1.00
A weekly production report is an example
of a __________ report.
1. demand
2. scheduled
3. drill-down
4. exception
,Question 7
Complete
Mark 1.00 out of 1.00
Business Intelligence Software provide
useful and relevant information to assist
with decision-making on all managerial
levels.
Select one:
True
False
Question 8
Complete
Mark 1.00 out of 1.00
Information that includes all the
important facts in less detail is...
1. Timely
2. Simple
3. Relevant
4. Economical
Question 9
Complete
Mark 1.00 out of 1.00
Business intelligence software and
management information system are
always used interchangeably and are
therefore the same concept.
Select one:
True
False
, Question 10
Complete
Mark 1.00 out of 1.00
Which one of the following is an
advantage of Extensible Business
Reporting Language (XBRL)?
1. XBRL is a fairly new concept
2. XBRL data is available all the
time
3. Using XBRL results in savings on
auditing costs.
4. Information is transferred to and
from different nancial
information systems
electronically on a regular basis.
Question 11
Complete
Mark 1.00 out of 1.00
Extensible Business Reporting Language
(XBRL) has revolutionised the business
world in terms of nancial reporting.
Which one of the following is a
disadvantage of XBRL?
1. There is a decrease in the
accuracy of reporting.
2. It is still challenging to report in
different languages.
3. The design of XBRL disallows
compliance with IFRS and US
GAAP requirements.
4. The initial cost of tagging XBRL
data is high because it requires
high labour input.
QUIZ
Started on Wednesday, 6
November 2024,
11:55 AM
State Finished
Completed on Wednesday, 6
November 2024,
12:13 PM
Time taken 17 mins 51 secs
Grade 38.00 out of 40.00
(95%)
Question 1
Complete
Mark 1.00 out of 1.00
Extensible Business Reporting Language
(XBRL) in South Africa is regulated by
XBRL South Africa. Which one of the
following is NOT function of XBRL South
Africa?
1. Develops XBRL software.
2. Training and education of users.
3. Identi es speci c reporting
needs.
4. Creates taxonomies based on
user needs.
Question 2
Complete
Mark 1.00 out of 1.00
Examples of external sources of MIS
inputs include supplier and customer
feedback, information on competitors,
publicly available information and census
data.
Select one:
True
False
,Question 3
Complete
Mark 1.00 out of 1.00
A disadvantage of XBRL is that data
received via XBRL cannot be validated
and analysed by using speci c software.
Select one:
True
False
Question 4
Complete
Mark 1.00 out of 1.00
Which one of the following is NOT a
characteristic of valuable information?
1. Timely
2. Relevant
3. Economical
4. Con dential
Question 5
Complete
Mark 1.00 out of 1.00
Internal and external resources can both
be used as input for Management
Information System (MIS)’s.
Select one:
True
False
Question 6
Complete
Mark 1.00 out of 1.00
A weekly production report is an example
of a __________ report.
1. demand
2. scheduled
3. drill-down
4. exception
,Question 7
Complete
Mark 1.00 out of 1.00
Business Intelligence Software provide
useful and relevant information to assist
with decision-making on all managerial
levels.
Select one:
True
False
Question 8
Complete
Mark 1.00 out of 1.00
Information that includes all the
important facts in less detail is...
1. Timely
2. Simple
3. Relevant
4. Economical
Question 9
Complete
Mark 1.00 out of 1.00
Business intelligence software and
management information system are
always used interchangeably and are
therefore the same concept.
Select one:
True
False
, Question 10
Complete
Mark 1.00 out of 1.00
Which one of the following is an
advantage of Extensible Business
Reporting Language (XBRL)?
1. XBRL is a fairly new concept
2. XBRL data is available all the
time
3. Using XBRL results in savings on
auditing costs.
4. Information is transferred to and
from different nancial
information systems
electronically on a regular basis.
Question 11
Complete
Mark 1.00 out of 1.00
Extensible Business Reporting Language
(XBRL) has revolutionised the business
world in terms of nancial reporting.
Which one of the following is a
disadvantage of XBRL?
1. There is a decrease in the
accuracy of reporting.
2. It is still challenging to report in
different languages.
3. The design of XBRL disallows
compliance with IFRS and US
GAAP requirements.
4. The initial cost of tagging XBRL
data is high because it requires
high labour input.
