24 free test bank for accounting information systems 1st edition by richardson multiple choice questions

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24 Free Test Bank for Accounting Information Systems 1st Edition by Richardson Multiple Choice Questions

According to a recent study, the transform IT strategic role is defined as systems that:

1 A replacing human labor in automating business processes

2 B provides information about business activities to all employees

3 C provide information about business activities to senior management

4 D fundamentally redefine business processes and relationships

Accounting information systems are:

1 A Always computerized

2 B Report only accounting information

3 C Records, processes and reports

4 D Are for computer games

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

1 A Revenues

2 B Cost of Goods Sold

3 C Selling, General and Administrative Expenses

4 D Unearned Revenue

Customer Relationship Management is defined as:

1 A A system used to manage and nurture a firm's interactions with its

current and potential customers

2 B A system used to track a customer's past purchases

3 C A system used to connect a firm's suppliers with a firm's customers

4 D A system used to advertise current items on sale to customers

The income statement account most likely affected by an AIS investment in customer relationship management (CRM) would be:

1 A Revenues

2 B Cost of Goods Sold

3 C Selling, General and Administrative Expenses

4 D Unearned Revenue

The correct order of effects in the value chain are:

1 A Inbound Logistics → Operations → Service

2 B Inbound Logistics → Outbound Logistics → Marketing & Sales

3 C Inbound Logistics → Operations → Outbound Logistics

4 D Inbound Logistics → Operations → Shipping

EBay uses information technology to sell goods on the internet This would be an example of the _ strategic role

1 A Automate

2 B Informate - up

3 C Transform

4 D Informate - down

Which of the following are not a characteristic of useful

information?

1 A Easy to understand

2 B Feedback value

3 C Timely

4 D Representational Faithfulness

The income statement line item most likely affected by an AIS investment in supply chain that would interface with suppliers would be:

1 A Revenues

2 B Cost of Goods Sold

3 C Selling, General and Administrative Expenses

4 D Research and Development Expenses

A supply chain system does not include information about

1 A Current customers

2 B Prospective customers

3 C Availability of inventory

4 D Current suppliers

An example of an AIS that primarily addresses internal business processes includes:

1 A Supply chain software

2 B Customer relationship management software

3 C B2B transaction software

4 D Enterprise systems

Business Value is defined as:

1 A The monetary value of a business

2 B Items, events and interactions that determine the financial health and well-being of the firm

3 C The cost to acquire a business by an outsider

4 D The overall value of taking data and transforming it in to information needed for decision making

Which of the following are considered to be mandatory

information required by a regulatory body?

1 A Financial reports for the Securities and Exchange Commission

2 B The amount of taxes saved by a merger

3 C The total dollar value of fireworks that are sold on July 4

4 D The cost to build an all-new Starbucks restaurant in Abu Dhabi

According to a recent study, the informate-up IT strategic role is defined as systems that:

1 A replacing human labor in automating business processes

2 B provides information about business activities to all employees

3 C provide information about business activities to senior management

4 D fundamentally redefine business processes and relationships

Many hospitals and doctor's offices are beginning to digitize the medical records of their patients This is an example of the

strategic role

1 A Automate

2 B Informate - up

3 C Transform

4 D Informate - down

A simple information system includes all but the following

elements except:

1 A Processing

2 B Storage

3 C Input

4 D Reporting

Support activities in the value chain does not include:

1 A Firm Infrastructure

2 B Human Resource Management

3 C Procurement

4 D Accounting and Finance

The Information Value Chain is defined as:

1 A The flow of materials, information, payments, and services

2 B The use of computer technology to provide information about business activities to employees across the firm

3 C The overall transformation of data from a business need to the ultimate decision

4 D A centralized database that collects data from throughout the firm

A supply chain:

1 A Refers to the supplies needed to build products

2 B Refers to the flow of materials, information, payments and services

3 C Is similar in function and purpose to the value chain

4 D Does not apply to a service firm like an accounting firm

The IT strategic roles of AIS investments are classified as:

1 A Automate, Informate, Transform

2 B Value creation, Value Destruction, Value Neutral

3 C Digitize, Report, Transform

4 D Automate, Digitize, Transport

The role of accountants in accounting information systems

include all except:

1 A User

2 B Manager

3 C Operator

4 D Evaluator

Which designation would most appropriate for those professionals possessing an IT audit, control and security skills?

1 A Certified Internal Auditor (CIA)

2 B Certified Public Accountant (CPA)

3 C Certified Information Technology Professional (CITP)

4 D Certified Information Systems Auditors (CISA)

Activity-based costing is an example of:

1 A Information overload

2 B Mandatory information

3 C Discretionary information

4 D Enterprise System

Which designation is for CPAs with a broad range of technology knowledge and experience?

1 A Certified Internal Auditor (CIA)

2 B Certified Public Accountant (CPA)

3 C Certified Information Technology Professional (CITP)

4 D Certified Information Systems Auditors (CISA)