AIS Exam 1
Arranging delivery of products to customers constitutes ________ in value chain analysis.
-(correct answer)Outbound logisitcs Information that is free from error or bias and accurately
represents the events or activities of the organization is -(correct answer)reliable An
accounting information system (AIS) processes ________ to provide users with ________.
-(correct answer)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
answer)goal conflict The ________ is not a transaction cycle. -(correct answer)G/L and
Reporting cycle Which of the following is not an example of how an AIS adds value to an
organization? -(correct answer)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 answer)the HR-Payroll cycle Before a firm can
identify the information needed to effectively manage a process, the firm must -(correct
answer)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 answer)acquiring inventory Information that does not omit important aspects of the
underlying events or activities that it measures is -(correct answer)complete In transaction
processing, generally which activity comes first? -(correct answer)capturing data on source
documents One way vendors help the customers when the vendors implement a new ERP
system is to -(correct answer)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
Arranging delivery of products to customers constitutes ________ in value chain analysis.
-(correct answer)Outbound logisitcs Information that is free from error or bias and accurately
represents the events or activities of the organization is -(correct answer)reliable An
accounting information system (AIS) processes ________ to provide users with ________.
-(correct answer)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
answer)goal conflict The ________ is not a transaction cycle. -(correct answer)G/L and
Reporting cycle Which of the following is not an example of how an AIS adds value to an
organization? -(correct answer)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 answer)the HR-Payroll cycle Before a firm can
identify the information needed to effectively manage a process, the firm must -(correct
answer)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 answer)acquiring inventory Information that does not omit important aspects of the
underlying events or activities that it measures is -(correct answer)complete In transaction
processing, generally which activity comes first? -(correct answer)capturing data on source
documents One way vendors help the customers when the vendors implement a new ERP
system is to -(correct answer)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
