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Accounting Information Systems
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Test Your Self
Chapter (1)
Accounting Information System: An overview
حممود حممد بدوي
Mahmoud Mohamed Badwi
Accounting Information Systems (A
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S)
1) Which of the following statements below shows the contrast between data and information?
A) Data is the output of an AIS
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C) Data is more useful in decision-making than information
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2) Information is
A) basically, the same as data
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C) potentially useful facts when processed in a timely manner
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3) The value of information can best be defined as
A) how useful it is to decision makers
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C) how relevant it is
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4) An accounting information system (AIS) processes ________ to provide users with ________
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B) relevant
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D) timely
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B) reliable
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D) timely
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B) accessible
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D) timely
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B) relevant
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D) verifiable
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There are six
characteristics that make information both useful and meaningful
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B) timeliness
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D) reliability
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I
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B) interested outsiders
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D) the government
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B) provide useful information to decision makers
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D) ensure the profitability of an organization
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B) marketing initiatives match corporate goals
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D) both A and C
16) A change in the AIS that makes information more easily accessible and widely available within an organization is most likely
to first influence the
A) organizational culture
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C) external financial statement users
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17) The process of creating value for customers is the result of nine activities that form a
A) value chain
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C) successful business
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18) The value chain concept is composed of two types of activities known as
A) primary and support
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C) support and value
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Mahmoud Mohamed Badwi
Accounting Information Systems (A
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19) Which of the following is a primary activity in the value chain?
A) infrastructure
B) technology
C) purchasing
D) marketing and sales
20) In value chain analysis, what is the activity of arranging delivery of products to customers called?
A) outbound logistics
B) inbound logistics
C) shipping
D) delivery
21) An AIS provides value by
A) improving products or services through information that increases quality and reduces costs
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C) creating new products
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B) the use of laptop computers to access a network for messaging worldwide
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D) the use of point-of-sale data to determine hot-selling items
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This activity can be identified as a
A) firm infrastructure activity
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C) technology activity
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24) When the AIS provides information in a timely and accurate manner, it stands as an example of
A) improved decision making
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C) improving efficiency
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B) reducing uncertainty
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D) all of the above
26) A well-designed AIS can improve the decision-making function within the organization
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B) An AIS identifies situations requiring management action
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D) An AIS provides information about the results of previous decisions which provides decision makers with feedback that can
be used in future decision making
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What is the reason for this?
A) Every organization does not need to implement all of the available transaction cycle modules
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C) The nature of a given transaction cycle is the same irrespective of the type of organization
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Mahmoud Mohamed Badwi
Accounting Information Systems (A
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28) The business owners obtain financing from outside investors, which results in an inflow of cash into the company
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B) Financial institutions have installment-loan cycles
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D) Every organization should implement every transaction cycle module
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An example of "give-get" in the
expenditure cycle would be
A) give cash, get cash
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C) give cash, get labor
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32) Transaction cycles can be summarized on a high level as "give-get" transactions
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B) give goods, get cash
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D) give cash, get cash
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B) economic cycles
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D) transactions
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B) Information technology directly influences organizational culture, but not business strategy
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D) AIS directly influences information technology, but not business strategy
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B) expenditure cycle
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D) financing cycle
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B) a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types
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D) transaction cycles are easy to understand