AIS Exam 1 Chapters 1-4 UPDATED Exam
Questions and CORRECT Answers
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 Ans...
AIS Exam 1 Chapters 1-4 UPDATED Exam
Questions and CORRECT Answers
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
What is the purpose of source documents? what controls are embedded in source documents?
Give two examples of source documents? - Correct Answer- to record data about business
activities. Source documents standardize data collection procedures for an organization and
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