Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart

Chapter 2 Quiz Questions Data differ from information in which way? Data are output, and information is input. Information is output, and data are input. Data are meaningful bits of information. There is no difference.

Chapter 2 Quiz Questions Which of the following is NOT a characteristic that makes information useful? It is reliable, It is timely. It is inexpensive. It is relevant.

Chapter 2 Quiz Questions Which of the following is a primary activity in the value chain? purchasing post-sales service accounting human resource management

Chapter 2 Quiz Questions Which transaction cycle includes interactions between an organization and its suppliers? revenue cycle human resources/payroll cycle expenditure cycle general ledger and reporting system

Chapter 2 Quiz Questions Which of the following is NOT a means by which information improves decision making? increases information overload reduces uncertainty provides feedback about the effectiveness of prior decisions identifies situations requiring management action

Chapter 2 Quiz Questions In the value chain concept, upgrading IT is considered what kind of activity? primary activity service activity support activity structured activity

Chapter 2 Quiz Questions In which cycle does a company ship goods to customers? production cycle revenue cycle financing cycle expenditure cycle

Chapter 2 Quiz Questions Which of the following is a function of an AIS? reducing the need to identify a strategy and strategic position transforming data into useful information allocating organizational resources automating all decision making

Chapter 2 Quiz Questions A firm, its suppliers, and its customers collectively form which of the following? supply chain value chain ERP system AIS

Chapter 2 Quiz Questions A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process? paying vendors selling merchandise acquiring inventory paying employees