Quiz 1
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| An information system that measures and records accounting transactions and reports them in the financial statements is called a: | financial reporting system (FRS)
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| Customer relationship management systems would generally be considered to be an: | external business process
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| A supply chain: | refers to the flow of materials, information, payments, and services
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| Customer relationship management software does not include information about: | current employees
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| Which of these represents the proper transformation from data to decision according to the information value chain? | Data -> Information -> Knowledge -> Decision
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| Which of the following best describes the role of an accountant as a user of an Accounting Information System (AIS) | An accountant accesses the AIS to perform tasks such as entering transactions, gathering reports, and analyzing financial data
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| The balance sheet account most likely affected by an AIS investment in supply chain management software would be: | unearned revenue
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| What is the name of the position for a person responsible for determining information needs of a business and designing a system to meet those needs? | Systems analyst
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| Which of the following tasks is typically performed by an accountant acting as an evaluator of the AIS? | Assessing the effectiveness of internal controls implemented within the AIS
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| Which of the following is considered to be mandatory information required by a regulatory body? | 10-Q submission to the Securities and Exchange Commission
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| Data analytics performed to identify the most profitable customers would be most likely to affect which income statement account? | Revenues
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| The software/system that helps make sure the retail firm doesn't have a stockout is | supply chain management software
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| The correct order of events in the value chain is: | Inbound logistics - Operations - Outbound logistics
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| Which of the following statements best describes the relationship between data and information? | Data becomes information when it is organized, processed, and presented in a meaningful context
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| Accounting information systems: | are information systems that record, process, and report on transactions to provide financial and nonfinancial information for decision making and control
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| which of these following activities is typically considered a primary activity in the value chain? | Marketing and sales
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| In value chain analysis, which of the following represents a support activity? | Technological development
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| A retail company wants to enhance its customer relationship management (CRM) system by incorporating data from various touchpoints, such as online purchases, in-store transactions, and customer feedback... | Data collection
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| Which system contributes information on direct labor to a cost accounting system? | Human resource management system (HRMS)
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| An auditor testing internal controls would generally be considered to fill which role with respect to accounting information systems? | Evaluator
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Created by:
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