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    Chapter 1 MCQ

    Uploaded by

    Haider Sarwar
    The document contains multiple choice questions about accounting and business concepts. It asks about business processes, characteristics of useful information, areas applicable to accounting information systems, primary business activities, the supply chain sequence, support activities in an organization's value chain, how accounting information systems add value, factors influencing accounting information system design, the definition of data, what reliability refers to, how to classify unstructured decisions, how information can improve decision making, whether information is organized and processed data, whether timely information is free from error or bias, whether inbound logistics involves receiving, storing and distributing materials, and whether an AIS designer without understanding of the organization can be successful.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Chapter 1 MCQ

    Uploaded by

    Haider Sarwar
    491 views5 pages
    The document contains multiple choice questions about accounting and business concepts. It asks about business processes, characteristics of useful information, areas applicable to accounting information systems, primary business activities, the supply chain sequence, support activities in an organization's value chain, how accounting information systems add value, factors influencing accounting information system design, the definition of data, what reliability refers to, how to classify unstructured decisions, how information can improve decision making, whether information is organized and processed data, whether timely information is free from error or bias, whether inbound logistics involves receiving, storing and distributing materials, and whether an AIS designer without understanding of the organization can be successful.

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    The document contains multiple choice questions about accounting and business concepts. It asks about business processes, characteristics of useful information, areas applicable to accounting information systems, primary business activities, the supply chain sequence, support activities in an organization's value chain, how accounting information systems add value, factors influencing accounting information system design, the definition of data, what reliability refers to, how to classify unstructured decisions, how information can improve decision making, whether information is organized and processed data, whether timely information is free from error or bias, whether inbound logistics involves receiving, storing and distributing materials, and whether an AIS designer without understanding of the organization can be successful.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    491 views5 pages

    Chapter 1 MCQ

    Uploaded by

    Haider Sarwar
    The document contains multiple choice questions about accounting and business concepts. It asks about business processes, characteristics of useful information, areas applicable to accounting information systems, primary business activities, the supply chain sequence, support activities in an organization's value chain, how accounting information systems add value, factors influencing accounting information system design, the definition of data, what reliability refers to, how to classify unstructured decisions, how information can improve decision making, whether information is organized and processed data, whether timely information is free from error or bias, whether inbound logistics involves receiving, storing and distributing materials, and whether an AIS designer without understanding of the organization can be successful.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 5

    Which of the following is NOT one of the five major business processes or

    transaction cycles?
    Expenditure
    Production
    Human Resource & Payroll
    Revenue
    Financing
    All of the above are major cycles.

    Which of the following is NOT a characteristic of useful information?


    Relevant
    Verifiable
    Timely
    Accessible
    Cost-effective

    Accounting Information Systems (AIS) is most likely applicable to


    which area of accounting?
    Tax accounting
    Public Accounting
    Management consulting
    All of the above are applicable to AIS.
    None of the above.

    Which of the following is NOT a "primary activity" that directly


    provides value to the customer?
    Inbound logistics
    Operations

    Human resources
    Outbound logistics

    Which of the following best describes the sequence of the supply


    chain?
    Retailer, distributor, manufacturer, raw materials supplier, and consumer
    Manufacturer, distributor, raw materials supplier, retailer, and consumer
    Raw materials supplier, manufacturer, distributor, retailer, and consumer
    Raw materials supplier, manufacturer, retailer, distributor, and consumer

    Which of the following is NOT one of the support activities in the value
    chain of an organization?
    Service
    Purchasing
    Firm Infrastructure
    Technology
    Human Resources

    AIS adds value to an organization by:


    Improving efficiency.
    Sharing knowledge.
    Improving the internal control structure.
    Answers #1 and #2 only.
    Answers #1, #2, and #3.

    Which of the following does not influence the design of an Accounting


    Information System (AIS)?

    Organizational culture
    Information Technology
    Business strategy
    Legal environment

    What is data?
    All of the facts that are collected, stored, and processed by an information system
    All of the debit and credit information about each transaction
    The output which results from the input of information
    The same thing as information

    Reliability refers to the characteristic of information whereby


    Uncertainty is reduced.
    Information is free from error or bias.
    Timely.
    Verifiable.

    In order for an accounting information system to meet the needs of


    systems users, one must take into account the types of decisions that
    are made. Decisions vary from repetitive and routine to nonrecurring
    and non-routine. How would you classify a decision where no
    framework or model exists for the decision?
    Structured
    Semi-structured
    Unstructured

    Information can improve decision making in what way?


    It identifies situations requiring management action.

    It provides a basis for choosing among alternative actions.


    Provides valuable feedback that can be used to improve future decisions.
    All of the above.

    Information is data that has been organized and processed.


    True
    False

    Information that is timely is free from error or bias.


    True
    False

    Inbound logistics consists of receiving, storing, and distributing the


    materials an organization uses to create the services and products it
    sells.
    True
    False

    An AIS designer, who is very competent with information technology


    skills, will be successful in designing an information system regardless
    of his/her understanding of the organization that he/she is designing

    for.

    True
    False

    A component of an Accounting Information System are the people who


    use the system.
    True
    False

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