100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Unit 1 AIS Exam Questions and Answers $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Ais
  4.  
  5. Ais

Exam (elaborations)

Unit 1 AIS Exam Questions and Answers
 6 views  0 purchase
  • Course
  • Ais
  • Institution
  • Ais

Unit 1 AIS Exam Questions and Answers CH1: Which of these business events does not result in an accounting transaction? a. Declare a dividend b. Pay a dividend c. Order supplies from vendor d. Deliver product to customer c. Order supplies from vendor CH1: A tire company is evaluating...

[Show more]

Preview 2 out of 8  pages

Document information

  • August 4, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ch1 in which
  • unit 1 ais exam questions and answers
  • ch1 which of these business events does not resul
  • ch1 in which of the three types of business proce
  • ch1 in which of the three types of business proce

Written for

  • Ais
  • Ais

Seller

avatar-seller
Pogba119

Content preview

Unit 1 AIS Exam Questions and Answers
CH1: Which of these business events does not result in an accounting transaction?

a. Declare a dividend
b. Pay a dividend
c. Order supplies from vendor
d. Deliver product to customer - answer c. Order supplies from vendor

CH1: A tire company is evaluating the following measures: customer lifetime value (the
value the company realizes from each customer), customer acquisition cost (cost of
acquiring each customer), customer satisfaction and retention, and number of new and
existing customers. Which of the following best describes this initiative?

a. Data analytics
b. KPIs
c. Audit data analytics
d. Decision making - answer b. KPIs

CH1: In which of the three types of business processes in the basic business model
does a business deliver products to its customers?

a. Sales and collections
b. Acquisitions and payments
c. Conversion
d. Delivery contracts - answer a. Sales and collections

CH1: In which of the three types of business processes in the basic business model
does a business interact with vendors?

a. Sales and collections
b. Acquisitions and payments
c. Conversion
d. Accounts receivable - answer b. Acquisitions and payments

CH1: In which of the three types of business processes in the basic business model
does a business transform resources into a product or service that customers want?

a. Sales and collections
b. Acquisitions and payments
c. Conversion
d. Accounts receivable - answer c. Conversion

CH1: Which of these business events results in an accounting transaction?

, a. Monitor production defects
b. Receive damaged goods back from customer
c. Evaluate employee performance
d. Measure carbon footprint - answer b. Receive damaged goods back from
customer

CH1: McDonald's could have avoided massive financial losses from changing its
conversion processes if it had:

a. used data to analyze market trends and customer desires
b. used robots to create the made-to-order meals
c. spent more money on marketing
d. changed them sooner - answer a. used data to analyze market trends and
customer desires

CH1: Which of the following is not a characteristic that makes information useful?

a. Relevant
b. Cost-effective
c. Timely
d. Neutral - answer b. Cost-effective

CH1: In the iterative relationship of data-drive decision making, what occurs after
business events create data?

a. Management decision making
b. Business process updates
c. Transformation of raw data into useful information
d. Control activities through monitoring - answer c. Transformation of raw data into
useful information

CH1: The information quality characteristic that refers to knowledgeable and
independent people reaching agreement about whether information is representative of
a real-world fact or occurrence is ______.

a. relevance
b. faithful representation
c. verifiability
d. reliability - answer c. verifiability

CH1: Within the context of qualitative characteristic of accounting information, which of
the following is a fundamental qualitative characteristic?

a. Relevance
b. Timeliness

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Pogba119. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79064 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart