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Multiple Choice

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1 .
Which of the following accurately depicts the components of
an accounting information system? [Hint]

People, forms, and reports

People, procedures, and information technology

People, procedures, and paper

Procedures, paper, and information technology

People, paper, and information technology


2 .
Which of the following is not one of the three important
functions that an accounting information system performs?
[Hint]

It collects and stores data about activities and
transactions so that the organization can review what
has happened in the business.

It processes data into information that is useful for
making decisions that enable management to plan,
execute, and control activities.

It assures that management's decisions optimize the
profitability of the company.

It provides adequate controls to safeguard the
organization's assets, including its data. These controls
ensure that the data is available when needed and that
it is accurate and reliable.

3 .
Identify the two basic strategies noted in the text. [Hint]

Low cost producer strategy and high quantity producer
strategy

High quantity producer strategy and loss leader strategy

Product/service differentiation strategy and loss leader
strategy
Low cost producer strategy and product/service
differentiation strategy


4 .
Identify the three strategic positions which an organization
might adopt. [Hint]

Variety-based, access-based, and needs-based

Customer-based, product-based, location-based

Customer-based, product-based, access-based

Access-based, needs-based, and product based


5 .
Which of the following is not one of the primary activities in
the value chain of an organization? [Hint]

Marketing and Sales

Outbound Logistics

Operations

Service

Inbound Logistics

Purchasing


6 .
Which of the following is not one of the support activities in
the value chain of an organization? [Hint]

Service

Purchasing

Firm Infrastructure

Technology

Human Resources


7 .
While an accounting information system supports each of
the organization's primary activities in the value chain as well
as many of the support activities, it can only be categorized
into one of the activities. Into which activity is the accounting
information system categorized? [Hint]

Purchasing

Service

Firm Infrastructure

Operations

Technology


8 .
An accounting information system adds value to an
organization in many ways. Which of the following is not a
way in which the AIS adds value? [Hint]

Monitoring outputs for defects to increase product
quality

Providing more timely information

Providing more accurate information

Sharing expertise

Monitoring outputs for defects to reduce the amount of
waste

All of the above are ways in which an AIS adds value to
the organization.


9 .
What is data? [Hint]

All of the facts that are collected, stored, and processed
by an information system

All of the debit and credit information about each
transaction

A character in the Star Trek series

The same thing as information


10
.
Listed below are the six characteristics that make information
useful and meaningful. Pick the characteristic that relates to
information's ability to reduce uncertainty. [Hint]

Relevant

Reliable

Complete

Timely

Understandable

Verifiable


11
.
In order for an accounting information system to meet the
needs of systems users, one must take into account the
types of decisions that are made. Decisions vary from
repetitive and routine to nonrecurring and nonroutine. How
would you classify a decision where no framework or model
exists for the decision? [Hint]

Structured

Semi structured

Unstructured


12
.
While more is often considered better, we reach a point at
which our human minds cannot effectively absorb and
process more information. This condition is called: [Hint]

Neural Collapse

Strategic Capacity

Information Overload

Decision Aid Deficient

None of the above


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