AIS Exam 1 || QUESTIONS WITH A+ GRADED
SOLUTIONS!!
Arranging delivery of products to customers constitutes ________ in value chain analysis.
correct answers Outbound logisitcs
Information that is free from error or bias and accurately represents the events or activities of
the organization is correct answers reliable
An accounting information system (AIS) processes ________ to provide users with
________. correct answers data; information
Baggins Incorporated identifies new product development and product improvement as the
top corporate goals. An employee developed an innovation that will correct a shortcoming in
one of the company's products. Although Baggins current Return on Investment (ROI) is
12%, the product innovation is expected to generate ROI of only 10%. As a result, awarding
bonuses to employees based on ROI resulted in correct answers goal conflict
The ________ is not a transaction cycle. correct answers G/L and Reporting cycle
Which of the following is not an example of how an AIS adds value to an organization?
correct answers All employees at a hospital can access and update patient records form any
computer terminal in the hospital.
In which transaction cycle would information relating to employees benefit be most likely to
pass between internal and external accounting information systems? correct answers the HR-
Payroll cycle
Before a firm can identify the information needed to effectively manage a process, the firm
must correct answers understand the process
A report telling how well all approved vendors have performed in the prior 12 months is
information that is MOST needed in which business process? correct answers acquiring
inventory
Information that does not omit important aspects of the underlying events or activities that it
measures is correct answers complete
In transaction processing, generally which activity comes first? correct answers capturing
data on source documents
One way vendors help the customers when the vendors implement a new ERP system is to
correct answers develop built-in configuration tools to address most of their customers' needs
for system changes
John Pablo works in the accounting department of a multinational manufacturing company.
His job includes updating accounts receivable based on sales orders and remittance advices.
His responsibilities are part of the company's correct answers revenue cycle
SOLUTIONS!!
Arranging delivery of products to customers constitutes ________ in value chain analysis.
correct answers Outbound logisitcs
Information that is free from error or bias and accurately represents the events or activities of
the organization is correct answers reliable
An accounting information system (AIS) processes ________ to provide users with
________. correct answers data; information
Baggins Incorporated identifies new product development and product improvement as the
top corporate goals. An employee developed an innovation that will correct a shortcoming in
one of the company's products. Although Baggins current Return on Investment (ROI) is
12%, the product innovation is expected to generate ROI of only 10%. As a result, awarding
bonuses to employees based on ROI resulted in correct answers goal conflict
The ________ is not a transaction cycle. correct answers G/L and Reporting cycle
Which of the following is not an example of how an AIS adds value to an organization?
correct answers All employees at a hospital can access and update patient records form any
computer terminal in the hospital.
In which transaction cycle would information relating to employees benefit be most likely to
pass between internal and external accounting information systems? correct answers the HR-
Payroll cycle
Before a firm can identify the information needed to effectively manage a process, the firm
must correct answers understand the process
A report telling how well all approved vendors have performed in the prior 12 months is
information that is MOST needed in which business process? correct answers acquiring
inventory
Information that does not omit important aspects of the underlying events or activities that it
measures is correct answers complete
In transaction processing, generally which activity comes first? correct answers capturing
data on source documents
One way vendors help the customers when the vendors implement a new ERP system is to
correct answers develop built-in configuration tools to address most of their customers' needs
for system changes
John Pablo works in the accounting department of a multinational manufacturing company.
His job includes updating accounts receivable based on sales orders and remittance advices.
His responsibilities are part of the company's correct answers revenue cycle
