A set of two or more interrelated components that interact to achieve a goal is - CORRECT ANSWER a system
This results when a subsystem achieves its goals while contributing to the organization's overall goal. - CORRECT ANSWER goal congruence
Facts that are collected, recorded, stored and pro...
AIS Exam 1 Chapters 1-4 Questions
Answered Right
A set of two or more interrelated components that interact to achieve a goal is - CORRECT ANSWER a
system
This results when a subsystem achieves its goals while contributing to the organization's overall goal. -
CORRECT ANSWER goal congruence
Facts that are collected, recorded, stored and processed by an information system. - CORRECT ANSWER
data
Data that have been organized and processes to provide meaning to a user is - CORRECT ANSWER
information
Humans can absorb and process only so much information. Information _____ occurs when those limits
are passed. - CORRECT ANSWER overload
An accounting information system (AIS) processes ____ to provide users with _____. - CORRECT ANSWER
data; information
Data must be converted into information to be considered useful and meaningful for decision-making.
There are six characteristics that make information both useful and meaningful. If information is free
from error or bias and accurately represents the events or activities of the organization, it is
representative of the characteristic of - CORRECT ANSWER reliability
An accounting information system must be able to perform which of the following tasks? - CORRECT
ANSWER Process transaction data, collect transaction data, provide adequate controls
The primary objective of accounting is to - CORRECT ANSWER provide useful information to decision
makers
, The primary focus of an AIS course, as opposed to other IS courses, is on - CORRECT ANSWER
understanding how information technology can be used to improve AIS processes
An agreement between two entities to exchange goods or services or any other event that can be
measured in economic terms by an organization is - CORRECT ANSWER transaction
Groups of related business activities such as the acquisition of merchandise and payment of vendors are
called - CORRECT ANSWER transaction cycles
Which of the following is not a transaction cycle? - CORRECT ANSWER general ledger and reporting
All transaction cycles feed information directly into the - CORRECT ANSWER general ledger and reporting
system
A typical source document could be - CORRECT ANSWER in some paper form and a computer data entry
screen
Certain documents or forms are generated and/or processed with each transaction cycle. The issuing of
a purchase order is part of which transaction cycle? - CORRECT ANSWER the expenditure cycle
The general ledger account that corresponds to a subsidiary ledger account is known as a - CORRECT
ANSWER control account
A listing of general ledger accounts by account number is called the - CORRECT ANSWER chart of
accounts
Federal Express stated in one of its mission statements that "positive control of each package will be
maintained by utilizing.... electronic tracking and tracing systems." This is an example of which type of
data processing? - CORRECT ANSWER real-time processing which features immediate updating as to the
location of packages
Name the major transaction cycles - CORRECT ANSWER Revenue, expenditure, production, HR Payroll,
and financing
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