1. Accounting Information Systems Chapter 2 Quiz Questions Romney and Steinbart

2. 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.

3. 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.

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

5. 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

6. 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

7. 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

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

9. 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

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

11. 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