Ac 340 chapter 1
The Certified Information Technology Professional (CITP) is a professional designation for those with broad range of technology knowledge and does not require a CPA. True False
False
An accounting information system (AIS) is defined as being an information system that records, processes and reports on transactions to provide financial and nonfinancial information for decision making and control. True False
True
CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong firm-to-customer relationships. True False
True
Information is defined as being data organized in a meaningful way to be useful to the user. True False
True
Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information. True False
True
Service Activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them (e.g. warranty repairs, parts, instruction manuals, etc.). True False
True
The Certified Information Systems Auditor (CISA) is a professional designation generally sought by those performing IT audits. True False
True
Customer Relationship Management is defined as: A system used to manage and nurture a firm's interactions with its current and potential customers A system used to track a customer's past purchases A system used to connect a firm's suppliers with a firm's customers. A system used to advertise current items on sale to customers.
A
Which of the following are considered to be mandatory information required by a regulatory body? A. Financial reports for the Securities and Exchange Commission B. The amount of taxes saved by a merger C. The total dollar value of fireworks that are sold on July 4. D. The cost to build an all-new Starbucks restaurant in Abu Dhabi.
A
A supply chain system does not include information about Current customers Prospective customers Availability of inventory Current suppliers
B
Accounting information systems are: A. Always computerized. B. Report only accounting information. C. Records, processes and reports D. Are for computer games
C
The correct order of effects in the value chain are: Inbound Logistics → Operations → Service Inbound Logistics → Outbound Logistics → Marketing & Sales Inbound Logistics → Operations → Outbound Logistics Inbound Logistics → Operations → Shipping
C
A simple information system includes all but the following elements except: Processing Storage Input Reporting
D
An example of an AIS that primarily addresses internal business processes includes: Supply chain software Customer relationship management software B2B transaction software Enterprise systems
D
Which designation would most appropriate for those professionals possessing an IT audit, control and security skills? Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Certified Information Technology Professional (CITP) Certified Information Systems Auditors (CISA)
D
Accounting Information Systems at this date are all computerized. True False
False
Accounting and Finance is a primary activity in the value chain. True False
False
Data is defined as being information organized in a meaningful way to be useful to the user. True False
False
Outbound logistics are the activities associated with receiving and storing raw materials and other partially completed materials, and distributing those materials to manufacturing when and where they are needed. True False
False
Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an example of discretionary information. True False
False
