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AIS Exam 1 With Correct Questions And Answers 2024

AIS Exam 1 Study Guide Complete & Updated Chapter 1 - ANS ️️ AIS: An Overview Information - ANS ️️ Different from data. It is data that have been organized and processed to provide meaning to a user. Data - ANS ️️ Facts that are collected, recorded, stored, and processed by an information system. The raw material and building blocks of information. System - ANS ️️ A set of interrelated components that interact to achieve a goal. Value of Information - ANS ️️ Value of I...

AIS EXAM 1- 333 Questions and Answers What is an Accounting Information System? (Chapter 1/2) - ANSWER ️️ -A structural, repeatable approach, to collecting and storing relevant data about financial transactions, and processing and aggregating the data to create information for users and decision makers (manual or automated) -Transaction processes must be effective and efficient Data (Chapter 1/2) - ANSWER ️️ -Facts about processes (events), resources or people (agents) -Collecte...

AIS Exam 1 with Complete & Verified Solutions Which of the following statements is (are) true? (Check all that apply.) A. The smaller the organization and the less complicated the system, the more difficult it is to achieve goal congruence. B. Information costs and benefits can be difficult to quantify. C. There are limits to the amount of information the human mind can absorb and process. D.As a rule, users make better decisions as the quantity and quality of information decreases. E. ...

AIS EXAM 1 (Ch. 1-6) CHAPTER QUIZZES WITH COMPLETE SOLUTIONS Data differ from info in which way? a. Data are output and info is input b. Info is output and data are input c. Data are meaningful bits of info d. No difference - ANSWER ️️ b. Info is output and data are input Which is NOT a characteristic that makes info useful? a. It is reliable b. It is timely c. It is inexpensive d. It is relevant - ANSWER ️️ c. It is inexpensive Which IS a following primary activity in the v...

AIS exam 1 ch1 (Complete & Verified Solutions) revenue cycle - ANSWER ️️ goods and services are sold for cash or a future promise to receive cash expenditure cycle - ANSWER ️️ companies purchase inventory for resale or raw materials to use in producing products in exchange for cash or a future promise to pay cash production cycle - ANSWER ️️ raw materials are transformed into finished goods human resources/payroll cycle - ANSWER ️️ employees are hired, trained, compensat...

AIS Chapter 2 Exam (Complete & Verified Solutions) Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger. Question options: A) Every credit sale is entered individually into the subsidiary ledger. B) Debits and credits in the subsidiary ledger must always equal. C) The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS. D) The total of the subsidiary ledgers must equal the control account. ...

AIS Exam 1 Review (Complete &Verified Solutions) What is information? How is information different than data? - ANSWER ️️ In formation is data presented in a form that is useful in a decision-making activity. Information has value because it reduces uncertainty and increases knowledge about a particular area of concern. Data are facts or figures in raw form. Data represent the measurements or observations of objects and events. To become useful to a decision maker, data must be transfo...

AIS Exam #1 (Chapters 1-4) Questions and Answers Which of the following is not an example of how an AIS adds value to an organization? a. all employees at a hospital can access and update patient records from any computer terminal in the hospital. b. client tax files are encrypted and made available on the CPS firm's network to any employee with an access code c. suppliers are able to access sales data directly from the point-of-sale system of a retailer and deliver inventory automatica...