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Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart

Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart. Chapter 2 Quiz Questions. Data differ from information in which way?. Data are output, and information is input. Information is output, and data are input. Data are meaningful bits of information.

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Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart

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  1. Accounting Information SystemsChapter 2 Quiz QuestionsRomney and Steinbart

  2. Chapter 2 Quiz Questions • Data differ from information in which way? • Data are output, and information is input. • Information is output, and data are input. • Data are meaningful bits of information. • There is no difference.

  3. Chapter 2 Quiz Questions • Which of the following is NOT a characteristic that makes information useful? • It is reliable, • It is timely. • It is inexpensive. • It is relevant.

  4. Chapter 2 Quiz Questions • Which of the following is a primary activity in the value chain? • purchasing • post-sales service • accounting • human resource management

  5. Chapter 2 Quiz Questions • Which transaction cycle includes interactions between an organization and its suppliers? • revenue cycle • human resources/payroll cycle • expenditure cycle • general ledger and reporting system

  6. Chapter 2 Quiz Questions • Which of the following is NOT a means by which information improves decision making? • increases information overload • reduces uncertainty • provides feedback about the effectiveness of prior decisions • identifies situations requiring management action

  7. Chapter 2 Quiz Questions • In the value chain concept, upgrading IT is considered what kind of activity? • primary activity • service activity • support activity • structured activity

  8. Chapter 2 Quiz Questions • In which cycle does a company ship goods to customers? • production cycle • revenue cycle • financing cycle • expenditure cycle

  9. Chapter 2 Quiz Questions • Which of the following is a function of an AIS? • reducing the need to identify a strategy and strategic position • transforming data into useful information • allocating organizational resources • automating all decision making

  10. Chapter 2 Quiz Questions • A firm, its suppliers, and its customers collectively form which of the following? • supply chain • value chain • ERP system • AIS

  11. Chapter 2 Quiz Questions • A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process? • paying vendors • selling merchandise • acquiring inventory • paying employees

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