1
, Answers Included 2p
Chap 01 4e Richardson
2p 2p 2p
1) Accounting and Finance is a primary activity in the value chain.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
2) As of today, Accounting Information Systems are all computerized.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
3) Business value includes all those items, events and interactions that determine the financi
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
al health and well-being of the firm.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
4) The Certified Information Technology Professional (CITP) is a professional designation f
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
or those with a broad range of technology knowledge and does not require a CPA.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
5) The Certified Information Systems Auditor (CISA) is a professional designation generall
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
y sought by those performing IT audits.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
6) Information is defined as being data organized in a meaningful way that is useful to the user.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
7) Data is defined as being information organized in a meaningful way that is useful to the user.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
2
,8) An AIS may create value by giving access to management information relevant to t
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
he decision makers.
2p 2p
⊚ true 2 p
⊚ false 2 p
9) An AIS may create value by providing an internal control structure needed to make sure t
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
he information is secure, reliable, and free from error.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
10) Relevant information’s most defining characteristic is that it is free from bias and error.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
11) The characteristics of relevant information include predictive value, feedback value an
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
d timeliness.
2p
⊚ true 2 p
⊚ false 2 p
12) A faithful representation of the underlying event should reflect the bias of the system analyst.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
13) Information overload is defined as the difficulty a person faces in understanding a proble
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
m and making a decision as a consequence of too much information.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
14) The main financial benefit of Customer Relationship Management practices reduces the co
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
st of goods sold.
2p 2p 2p
⊚ true 2 p
⊚ false 2 p
3
, 15) An efficient Enterprise System can significantly lower the cost of support processes includ
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
ed in sales, general, and administrative expenses.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
16) An accounting information system (AIS) is defined as being an information system th
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
at records, processes and reports on transactions to provide financial and nonfinancia
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
l information for decision making and control.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
17) An enterprise system is a centralized database that collects data from throughout the fir
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
m. This includes data from orders, customers, sales, inventory and employees.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
18) Outbound logistics are the activities associated with receiving and storing raw materials
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
as well as activities that transform these inputs into finished goods.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
19) Service Activities as defined in the value chain are those activities that provide the support
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2
pof customers after the products and services are sold to them (e.g. warranty repairs, parts,
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2
pinstruction manuals, etc.). 2p 2p
⊚ true 2 p
⊚ false 2 p
20) A well-designed and well-
2p 2p 2p
functioning AIS can be expected to create value by providing relevant information he
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
lpful to management to increase revenues and reduce expenses.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
4
, Answers Included 2p
Chap 01 4e Richardson
2p 2p 2p
1) Accounting and Finance is a primary activity in the value chain.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
2) As of today, Accounting Information Systems are all computerized.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
3) Business value includes all those items, events and interactions that determine the financi
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
al health and well-being of the firm.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
4) The Certified Information Technology Professional (CITP) is a professional designation f
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
or those with a broad range of technology knowledge and does not require a CPA.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
5) The Certified Information Systems Auditor (CISA) is a professional designation generall
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
y sought by those performing IT audits.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
6) Information is defined as being data organized in a meaningful way that is useful to the user.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
7) Data is defined as being information organized in a meaningful way that is useful to the user.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
2
,8) An AIS may create value by giving access to management information relevant to t
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
he decision makers.
2p 2p
⊚ true 2 p
⊚ false 2 p
9) An AIS may create value by providing an internal control structure needed to make sure t
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
he information is secure, reliable, and free from error.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
10) Relevant information’s most defining characteristic is that it is free from bias and error.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
11) The characteristics of relevant information include predictive value, feedback value an
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
d timeliness.
2p
⊚ true 2 p
⊚ false 2 p
12) A faithful representation of the underlying event should reflect the bias of the system analyst.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
13) Information overload is defined as the difficulty a person faces in understanding a proble
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
m and making a decision as a consequence of too much information.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
14) The main financial benefit of Customer Relationship Management practices reduces the co
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
st of goods sold.
2p 2p 2p
⊚ true 2 p
⊚ false 2 p
3
, 15) An efficient Enterprise System can significantly lower the cost of support processes includ
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
ed in sales, general, and administrative expenses.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
16) An accounting information system (AIS) is defined as being an information system th
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
at records, processes and reports on transactions to provide financial and nonfinancia
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
l information for decision making and control.
2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
17) An enterprise system is a centralized database that collects data from throughout the fir
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
m. This includes data from orders, customers, sales, inventory and employees.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
18) Outbound logistics are the activities associated with receiving and storing raw materials
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
as well as activities that transform these inputs into finished goods.
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
19) Service Activities as defined in the value chain are those activities that provide the support
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2
pof customers after the products and services are sold to them (e.g. warranty repairs, parts,
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2
pinstruction manuals, etc.). 2p 2p
⊚ true 2 p
⊚ false 2 p
20) A well-designed and well-
2p 2p 2p
functioning AIS can be expected to create value by providing relevant information he
2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p 2p
lpful to management to increase revenues and reduce expenses.
2p 2p 2p 2p 2p 2p 2p 2p
⊚ true 2 p
⊚ false 2 p
4
