Accounting Systems Chapter 1 Quiz

All of the following are ways an AIS can add value to an organization:

-Improving efficiency -Sharing knowledge -Improving internal controls

A set of related activities that help accomplish a specific organizational goal is called a(n)

Business Process

Which of the following is not a component of an AIS?

Company culture

Information is best described as

Data that have been organized and processed to provide meaning and improve decision making

Most organizations engage in a small number of a pair of activities that happen many times. These are called:

Give-get exchanges

Which of the following is a secondary activity

Human Resources

Which of the following is a primary activity?

Inbound logistics

Data differ from information in which way?

Information is output and data is input

Shipping newly manufactured phones to retailers and customers is an example of which type of primary activity

Outbound logistics

_______________ information reduces uncertainty, improves decision making, or confirms or corrects prior expectations

Relevant

In which business cycle are goods shipped to a customer?

Revenue Cycle

In which transaction cycle would information for generating customer orders be most likely to pass between internal and external accounting information systems

Revenue cycle

Which of the following is an example of a common activity in an AIS?

Selling goods and services and collecting cash

The value of information can be best determined by

The benefit provided by information less the cost of producing it

Which of the following is not a transaction cycle?

The general ledger cycle

Before a company can identify the information needed to effectively manage a process, the company must

Understand the business process