ACCT 310 Test 1 Questions and Answers Latest Update 2025-2026 Already Passed
A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly
patient and financial summaries. The practice's upgrade is an example of which IT strategic role? -
Answers Informate - Up
A simple information system includes all but the following elements except: - Answers Reporting
A supply chain system does not include information about: - Answers Prospective customers
A supply chain: - Answers Refers to the flow of materials, information, payments and services.
According to a recent study, the informate-up IT strategic role is defined as systems that: - Answers
Provide information about business activities to senior management.
According to a recent study, the transform IT strategic role is defined as systems that: - Answers
Fundamentally redefine business processes and relationships
Accounting information systems: - Answers Include records, processes and reports
Activity-based costing is an example of: - Answers Discretionary information
An example of an AID that primarily addresses internal business processes includes: - Answers
Enterprise Systems
Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is, he spends too much time
reviewing endless reports and is reluctant to make decisions. Bob most likely suffers from ________. -
Answers Information overload
Business Value is defined as: - Answers Items, events and interactions that determine the financial
health and well-being of the firm
Consider the non-profit organization Doctors without Borders (Médecins Sans Frontières), a Nobel Peace
Prize winning organization that provides medical services in war zones and developing countries. For this
type of organization, which of the following would likely be the best measure of business value? -
Answers Lives saved
Customer Relationship Management is defined as: - Answers A system used to manage and nurture a
firm's interactions with its current and potential customers
Discretionary information is most likely to be used in which of the following activities? - Answers
Management decision-making
EBay uses information technology to see goods on the internet. This would be an example of the
__________ strategic role. - Answers Transform
, Effective use of Supply Chain Management software is generally expected to provide all of the following
benefits except: - Answers Reduced gross margins
Investors reward companies most that announce IT initiatives with which type of strategic role? -
Answers Transform
Many hospitals and doctor's offices are beginning to digitize the medical records of their patients. This is
an example of the _____________ strategic role. - Answers Automate
One common way of measuring the effectiveness of the Supply Chain is through the fill rate. Which of
the following best describes the fill rate? - Answers The percentage, in monetary value, of a supplier's
order which is actually delivered to the organization.
One of the most important ways that ERPs benefit organizations and their business processes is: -
Answers Current information is made available to all users involved in the activities and decisions
associated with a company's business processes.
Support activities in the value chain do not include: - Answers Accounting and Finance.
The IT strategic roles of AIS investments are classified as: - Answers Automate, Informate, Transform.
The Information Value Chain is defined as: - Answers The overall transformation of data from a business
need to the ultimate decision
The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of
the following activities? - Answers Evaluate the internal controls in an AIS.
The current order of events in the value chain are: - Answers Inbound Logistics --> Operations -->
Outbound Logistics
The income statement account most likely affected by an AIS investment in customer relationship
management (CRM) would be: - Answers Revenues
The income statement line item most likely affected by an AIS investment in enterprise systems would
be: - Answers Selling, General and Administrative Expenses
The income statement line item most likely affected by an AIS investment in supply chain that would
interface with supplies would be: - Answers Cost of Goods Sold
The primary transformation of data into information takes place in which of the following activities? -
Answers Processing
The role of accountants in accounting information systems include all except: - Answers Operator
Which designation is for CPAs with a broad range of technology knowledge and experience? - Answers
Certified Information Technology Professional (CITP).
A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly
patient and financial summaries. The practice's upgrade is an example of which IT strategic role? -
Answers Informate - Up
A simple information system includes all but the following elements except: - Answers Reporting
A supply chain system does not include information about: - Answers Prospective customers
A supply chain: - Answers Refers to the flow of materials, information, payments and services.
According to a recent study, the informate-up IT strategic role is defined as systems that: - Answers
Provide information about business activities to senior management.
According to a recent study, the transform IT strategic role is defined as systems that: - Answers
Fundamentally redefine business processes and relationships
Accounting information systems: - Answers Include records, processes and reports
Activity-based costing is an example of: - Answers Discretionary information
An example of an AID that primarily addresses internal business processes includes: - Answers
Enterprise Systems
Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is, he spends too much time
reviewing endless reports and is reluctant to make decisions. Bob most likely suffers from ________. -
Answers Information overload
Business Value is defined as: - Answers Items, events and interactions that determine the financial
health and well-being of the firm
Consider the non-profit organization Doctors without Borders (Médecins Sans Frontières), a Nobel Peace
Prize winning organization that provides medical services in war zones and developing countries. For this
type of organization, which of the following would likely be the best measure of business value? -
Answers Lives saved
Customer Relationship Management is defined as: - Answers A system used to manage and nurture a
firm's interactions with its current and potential customers
Discretionary information is most likely to be used in which of the following activities? - Answers
Management decision-making
EBay uses information technology to see goods on the internet. This would be an example of the
__________ strategic role. - Answers Transform
, Effective use of Supply Chain Management software is generally expected to provide all of the following
benefits except: - Answers Reduced gross margins
Investors reward companies most that announce IT initiatives with which type of strategic role? -
Answers Transform
Many hospitals and doctor's offices are beginning to digitize the medical records of their patients. This is
an example of the _____________ strategic role. - Answers Automate
One common way of measuring the effectiveness of the Supply Chain is through the fill rate. Which of
the following best describes the fill rate? - Answers The percentage, in monetary value, of a supplier's
order which is actually delivered to the organization.
One of the most important ways that ERPs benefit organizations and their business processes is: -
Answers Current information is made available to all users involved in the activities and decisions
associated with a company's business processes.
Support activities in the value chain do not include: - Answers Accounting and Finance.
The IT strategic roles of AIS investments are classified as: - Answers Automate, Informate, Transform.
The Information Value Chain is defined as: - Answers The overall transformation of data from a business
need to the ultimate decision
The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of
the following activities? - Answers Evaluate the internal controls in an AIS.
The current order of events in the value chain are: - Answers Inbound Logistics --> Operations -->
Outbound Logistics
The income statement account most likely affected by an AIS investment in customer relationship
management (CRM) would be: - Answers Revenues
The income statement line item most likely affected by an AIS investment in enterprise systems would
be: - Answers Selling, General and Administrative Expenses
The income statement line item most likely affected by an AIS investment in supply chain that would
interface with supplies would be: - Answers Cost of Goods Sold
The primary transformation of data into information takes place in which of the following activities? -
Answers Processing
The role of accountants in accounting information systems include all except: - Answers Operator
Which designation is for CPAs with a broad range of technology knowledge and experience? - Answers
Certified Information Technology Professional (CITP).
