1. Which of the following is not a business resource?
Raw material, Labor, Information (All of the above)
Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?
Middle Management
Which level of management is responsible for controlling day-to-day operations?
Operations Management
The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems. This is called
Subsystem Interdependency
The value of information for users is determined by all of the following but
Convenience
An example of a nonfinancial transaction is
Log of customer calls
An example of a financial transaction is
The purchase of computer
Which subsystem is not part of the Accounting Information System?
Expert System
The major difference between the Financial Reporting System (FRS) and the Management Reporting System (MRS) is the
FRS provides information to internal and external users; the MRS provides information to internal users
The purpose of the Transaction Processing System includes all of the following except
measuring and reporting the status of financial resources and the changes in those resources
The Transaction Processing System includes all of the following cycles except
The Administrative Cycle
The primary input to the Transaction Processing System is
A Financial Transaction
When designing the data collection activity, which type of data should be avoided?
Data that is redundant
The most basic element of useful data in the database is
The Attribute
In a database, a complete set of attributes for a single occurrence of an entity class is called
A Record
Effective information has all of the following characteristics except
Structure
Database management tasks do not include
Summarization
The author distinguishes between the Accounting Information System and the management Information System based on
Whether the transactions are financial or nonfinancial
Which activity is not part of the finance function?
General Ledger
Market research and advertising are part of which business function?
Marketing
Which function manages the financial resources of the firm through portfolio management, banking, credit evaluation, and cash receipts and disbursements?
Finance
Which of the following is not part of the accounting function?
managing the physical information system of the firm
The term "accounting independence" refers to
separation of duties, such as record keeping and custody of physical resources
In the distributed data processing approach
computer services are organized into small information processing units under the control of end users
The data control group is responsible for
liaison between the end user and data processing
Data processing does not involve
System maintenance
Independent auditing is performed by
External Auditors
Which individual is least involved in new systems development?
Data Librarian
The objectives of all information systems include all of the following except
Evaluating transaction data
Which individuals may be involved in the Systems Development Life Cycle?
Accountants, Systems professionals, End Users (all of the above)
An appraisal function housed within the organization that performs a wide range of services for management is
internal auditing
Advantages of a database system include all of the following except
open access to all data by all users
Disadvantages of distributed data processing include all of the following except
cost reductions
Advantages of distributed data processing include each of the following except
better management of organization resources
Disadvantages of the distributed data processing approach include all of the following except
system is not responsive to the user's situation
ERP packages include all of the following modules except
Human resources, General Ledger, Inventory Management (All of the above)
All of the following are external end users except
Cost Accountants
Useful information must possess all of the following characteristics except
Timelessness
The objectives of an information system include each of the following except
furthering the financial interests of shareholders
Accountants play many roles relating to the accounting information system, including all of the following except
system converters