th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
Chapterty1:tyAccountingtyInformationtySystemstyandtyFirmtyValue
MultipletyChoicetyQuestions
1. (LOty1-1)tyAccountingtyinformationtysystems
a. aretyalwaystycomputerized.
b. reporttyonlytyfinanciallytyrelatedtyinformation.
c. aretyinformationtysystemstythattyrecord,typrocess,tyandtyreporttyontytransactionstytotypr
ovidetyfinancialtyandtynonfinancialtyinformationtyfortydecisiontymakingtyandtycontrol.
d. requiretyatyCITPtydesignationtytotyunderstand.
Answer:tyC
2. (LOty1-1)tyWhichtyoftythetyfollowingtyistyatycharacteristictyoftyrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costtytotygenerat
etyAnswer:tyA
3. (LOty1-
2)tyWhichtyoftythetyfollowingtyistyconsideredtytotybetymandatorytyinformationtyrequiredtybytyatyr
egulatorytybody?
a. 10-QtysubmissiontytotythetySecuritiestyandtyExchangetyCommission
b. ThetycosttytotyproducetyatySamsungtyGalaxy
c. ThetynumbertyoftyorganictybananastythattyaretysoldtyattyWholetyFoodstyontyJulyty28
d. Thetycosttytotybuildtyantyall-
newtyStarbuckstyrestauranttyintyShenzhen,tyChinatyAnswer:tyA
4. (LOty1-4)tyThetycorrecttyordertyoftyeventstyintythetyvaluetychaintyis
a. Inboundtylogisticsty➛tyOperationsty➛tyService.
b. Inboundtylogisticsty➛tyOutboundtylogisticsty➛tyMarketingtyandtysales.
c. Inboundtylogisticsty➛tyOperationsty➛tyOutboundtylogistics.
d. Inboundtylogisticsty➛tyOperationsty➛tyMarketingtyandtySales.
Answer:tyC
5. (LOty1-8)tyWhichtysystemtycontributestyinformationtyontydirecttylabortytotyatycosttyaccountingtysystem?
a. Supplytychaintymanagementtysystemty(SCMS)
b. Financialtyreportingtysystemty(FRS)
c. CustomertyRelationaltyManagementtySystemty(CRM)
1
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
d. Humantyresourcetymanagementtysystemty(HRM
S)tyAnswer:tyD
6. (LOty1-7)tyAtysupplytychain
a. suppliestyjewelrytychains.
b. referstytotythetyflowtyoftymaterials,tyinformation,typayments,tyandtyservices.
c. istysimilartyintyfunctiontyandtypurposetytotythetyvaluetychain.
d. doestynottyapplytytotyatyservicetyfirmtyliketyantyaccountingtyfirm.
Answer:tyB
7. (LOty1-7)tyCustomertyrelationshiptymanagementtysoftwaretydoestynottyincludetyinformationtyabout
a. currenttycustomers.
b. prospectivetycustomers.
c. formertycustomers.
d. currenttyemployees.
Answer:tyD
8. (LOty1-
6)tyAntyinformationtysystemtythattymeasurestyandtyrecordstyaccountingtytransactionstyandtyre
portstythemtyintythetyfinancialtystatementstyistycalledtya
a. financialtyreportingtysystemty(FRS).
b. enterprisetysystemty(ES).
c. manufacturingtysystemty(MS).
d. costtyaccountingtysystem.
Answer:tyA
9. (LOty1-
3)tyWhattyistythetynametyoftythetypositiontyfortyatypersontyresponsibletyfortydeterminingtyI
nformationtyneedstyoftyatybusinesstyandtydesigningtyatysystemtytotymeettythosetyneeds
?
a. Chieftyinformationtyofficer
b. Controller
c. ITtyauditor
d. Systemstyanalys
ttyAnswer:tyD
10. (LOty1-
9)tyThetybalancetysheettyaccounttymosttylikelytyaffectedtybytyantyAIStyinvestmenttyintysupplytyc
haintymanagementtysoftwaretywouldtybe
a. inventories.
b. fixedtyassets.
2
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
c. cashtyandtycashtyequivalents.
dition
3
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
d. unearnedtyrevenue.
Answer:tyA
11. (LOty1-7)tyThetysoftware/systemtythattyhelpstymaketysuretythetyretailtyfirmtydoesn’ttyhavetyatystockouttyis
a. supplytychaintymanagementtysoftware.
b. customertyrelationshiptymanagementty software.
c. enterprisetysystems.
d. humantyresourcetysystems.
Answer:tyA
12. (LOty1-
9)tyDatatyanalyticstyperformedtytotyidentifytythetymosttyprofitabletycustomerstywouldtybetymo
sttylikelytytotyaffecttywhichtyincometystatementtyaccount?
a. Selling,tygeneral,tyandtyadministrativetyexpensesty(SG&A)
b. Interesttyexpense
c. Revenues
d. Costtyoftygoodstysol
dtyAnswer:tyC
13. (LOty1-7,tyLOty1-
9)tyCustomertyrelationshiptymanagementtysystemstywouldtygenerallytybetyconsideredtytotybetyan
a. internaltybusinesstyprocess.
b. externaltybusinesstyprocess.
c. interiortybusinesstyprocess.
d. exteriortybusinesstyprocess.
Answer:tyB
14. (LOty1-
3)tyAntyauditortytestingtyinternaltycontrolstywouldtygenerallytybetyconsideredtytotyfilltywhichtyrol
etywithtyrespecttytotyaccountingtyinformationtysystems?
a. User
b. Manager
c. Designer
d. Evaluator
tyAnswer:tyD
15. (LOty1-
2)tyWhichtyoftythesetyrepresentstythetypropertytransformationtyfromtydatatytotydecisiontyacc
ordingtytotythetyinformationtyvaluetychain?
a. Dataty➛tyInformationty➛tyKnowledgety➛tyDecision
b. Dataty➛tyKnowledgety➛tyInformationty➛tyDecision
4
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
Chapterty1:tyAccountingtyInformationtySystemstyandtyFirmtyValue
MultipletyChoicetyQuestions
1. (LOty1-1)tyAccountingtyinformationtysystems
a. aretyalwaystycomputerized.
b. reporttyonlytyfinanciallytyrelatedtyinformation.
c. aretyinformationtysystemstythattyrecord,typrocess,tyandtyreporttyontytransactionstytotypr
ovidetyfinancialtyandtynonfinancialtyinformationtyfortydecisiontymakingtyandtycontrol.
d. requiretyatyCITPtydesignationtytotyunderstand.
Answer:tyC
2. (LOty1-1)tyWhichtyoftythetyfollowingtyistyatycharacteristictyoftyrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costtytotygenerat
etyAnswer:tyA
3. (LOty1-
2)tyWhichtyoftythetyfollowingtyistyconsideredtytotybetymandatorytyinformationtyrequiredtybytyatyr
egulatorytybody?
a. 10-QtysubmissiontytotythetySecuritiestyandtyExchangetyCommission
b. ThetycosttytotyproducetyatySamsungtyGalaxy
c. ThetynumbertyoftyorganictybananastythattyaretysoldtyattyWholetyFoodstyontyJulyty28
d. Thetycosttytotybuildtyantyall-
newtyStarbuckstyrestauranttyintyShenzhen,tyChinatyAnswer:tyA
4. (LOty1-4)tyThetycorrecttyordertyoftyeventstyintythetyvaluetychaintyis
a. Inboundtylogisticsty➛tyOperationsty➛tyService.
b. Inboundtylogisticsty➛tyOutboundtylogisticsty➛tyMarketingtyandtysales.
c. Inboundtylogisticsty➛tyOperationsty➛tyOutboundtylogistics.
d. Inboundtylogisticsty➛tyOperationsty➛tyMarketingtyandtySales.
Answer:tyC
5. (LOty1-8)tyWhichtysystemtycontributestyinformationtyontydirecttylabortytotyatycosttyaccountingtysystem?
a. Supplytychaintymanagementtysystemty(SCMS)
b. Financialtyreportingtysystemty(FRS)
c. CustomertyRelationaltyManagementtySystemty(CRM)
1
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
d. Humantyresourcetymanagementtysystemty(HRM
S)tyAnswer:tyD
6. (LOty1-7)tyAtysupplytychain
a. suppliestyjewelrytychains.
b. referstytotythetyflowtyoftymaterials,tyinformation,typayments,tyandtyservices.
c. istysimilartyintyfunctiontyandtypurposetytotythetyvaluetychain.
d. doestynottyapplytytotyatyservicetyfirmtyliketyantyaccountingtyfirm.
Answer:tyB
7. (LOty1-7)tyCustomertyrelationshiptymanagementtysoftwaretydoestynottyincludetyinformationtyabout
a. currenttycustomers.
b. prospectivetycustomers.
c. formertycustomers.
d. currenttyemployees.
Answer:tyD
8. (LOty1-
6)tyAntyinformationtysystemtythattymeasurestyandtyrecordstyaccountingtytransactionstyandtyre
portstythemtyintythetyfinancialtystatementstyistycalledtya
a. financialtyreportingtysystemty(FRS).
b. enterprisetysystemty(ES).
c. manufacturingtysystemty(MS).
d. costtyaccountingtysystem.
Answer:tyA
9. (LOty1-
3)tyWhattyistythetynametyoftythetypositiontyfortyatypersontyresponsibletyfortydeterminingtyI
nformationtyneedstyoftyatybusinesstyandtydesigningtyatysystemtytotymeettythosetyneeds
?
a. Chieftyinformationtyofficer
b. Controller
c. ITtyauditor
d. Systemstyanalys
ttyAnswer:tyD
10. (LOty1-
9)tyThetybalancetysheettyaccounttymosttylikelytyaffectedtybytyantyAIStyinvestmenttyintysupplytyc
haintymanagementtysoftwaretywouldtybe
a. inventories.
b. fixedtyassets.
2
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
c. cashtyandtycashtyequivalents.
dition
3
, th
EndtyoftyChaptertySolutionstyManual:tyRichardson,tyChang,tySmith,tyAccountingtyInformationtySystems,ty4 tye
dition
d. unearnedtyrevenue.
Answer:tyA
11. (LOty1-7)tyThetysoftware/systemtythattyhelpstymaketysuretythetyretailtyfirmtydoesn’ttyhavetyatystockouttyis
a. supplytychaintymanagementtysoftware.
b. customertyrelationshiptymanagementty software.
c. enterprisetysystems.
d. humantyresourcetysystems.
Answer:tyA
12. (LOty1-
9)tyDatatyanalyticstyperformedtytotyidentifytythetymosttyprofitabletycustomerstywouldtybetymo
sttylikelytytotyaffecttywhichtyincometystatementtyaccount?
a. Selling,tygeneral,tyandtyadministrativetyexpensesty(SG&A)
b. Interesttyexpense
c. Revenues
d. Costtyoftygoodstysol
dtyAnswer:tyC
13. (LOty1-7,tyLOty1-
9)tyCustomertyrelationshiptymanagementtysystemstywouldtygenerallytybetyconsideredtytotybetyan
a. internaltybusinesstyprocess.
b. externaltybusinesstyprocess.
c. interiortybusinesstyprocess.
d. exteriortybusinesstyprocess.
Answer:tyB
14. (LOty1-
3)tyAntyauditortytestingtyinternaltycontrolstywouldtygenerallytybetyconsideredtytotyfilltywhichtyrol
etywithtyrespecttytotyaccountingtyinformationtysystems?
a. User
b. Manager
c. Designer
d. Evaluator
tyAnswer:tyD
15. (LOty1-
2)tyWhichtyoftythesetyrepresentstythetypropertytransformationtyfromtydatatytotydecisiontyacc
ordingtytotythetyinformationtyvaluetychain?
a. Dataty➛tyInformationty➛tyKnowledgety➛tyDecision
b. Dataty➛tyKnowledgety➛tyInformationty➛tyDecision
4
