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D217 Multiple Choice exam questions and answers
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D217 Multiple Choice exam questions and answers
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D217 Multiple Choice exam questions andanswers
Which of the following is NOT a financial transaction?
a. purchase of products
b. cash receipts
c. update valid vendor file
d. sale of inventory - C
The following are subsystems of the accounting information system, EXCEPT the
a. transaction processing system
b. human resources system
c. general ledger/financial reporting system
d. management reporting system - B
Which of the following is NOT a purpose of the transaction processing system?
a. managing and reporting on the status of financial investments
b. converting economic events into financial transactions
c. distributing essential information to operations personnel to support their daily
operations
d. recording financial transactions in the accounting records - A
,D217 Multiple Choice exam questions and
answers
The objectives of the data collection activity of the general model for accounting
information systems are to collect data that are - D
Which of the following is NOT a characteristic of effective information?
a. relevance
b. accuracy
c. summarization
d. precision - D
Which of the following is NOT a database management risk?
a. retrieval
b. storage
c. summarization
d. deletion - C
When viewed from the highest to most elemental level, the data hierarchy is
a. attribute, record, file
b. record, attribute, key
c. file, record, attribute
,D217 Multiple Choice exam questions and
answers
d. file, record, key
e. key, record, file - C
Which is NOT a source of evidence for an external auditor?
a. work performed by internal auditors who organizationally report to the
controller
b. test of controls
c. substantive tests
d. work performed by internal auditors who report to the audit committee of the
BOD - A
Which of the following is NOT an objective of all information systems?
a. support for the stewardship function of management
b. support for management decision making
c. support for day-to-day operations of the firm
d. all of the above are objectives - D
Which of the following best describes the activities of the materials management
function?
, D217 Multiple Choice exam questions and
answers
a. purchasing, receiving, and inventory control
b. receiving, sales, distribution, and purchasing
c. receiving, sales, distribution, and purchasing
d. purchasing, receiving, and storage
e. purchasing, storage, and distribution - D
Which of the following best describes the activities of the production function?
a. maintenance, inventory control, and production planning
b. production planning, inventory control, manufacturing, and cost accounting
c. quality control, production planning, manufacturing and payroll
d. maintenance, production planning, storage, and quality control
e. manufacturing, quality control and maintenance - E
Which of the following best describes the activities of the accounting function?
a. inventory control, accounts payable, fixed assets, and payroll
b. fixed assets, accounts payable, cash disbursements, and cost accounting
c. purchasing, cash receipts, accounts payable, cash disbursements, and payroll
d. inventory control, cash receipts, accounts payable, cash disbursements, and
payroll
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