Solved by verified expert :51)
Which of the following is a true statement?
A)
Business strategy directly influences AIS, but not information technology.
B)
Information technology directly influences organizational culture, but not
business strategy.
C)
Organizational culture directly influences business strategy, but not AIS.
D)
AIS directly influences information technology, but not business strategy.
52)
The transaction cycle that includes the events of hiring employees and paying
them is known as the
A)
revenue cycle.
B)
expenditure cycle.
C)
human resources cycle.
D)
financing cycle.
53)
The transaction cycle approach leads to efficient processing of a large number
of transactions because
A)
transaction cycles are easier to computerize.
B)
a large number of transactions within a given cycle can be categorized into a
relatively small number of distinct types.
C)
the transaction cycle approach represents the natural order of business.
D)
transaction cycles are easy to understand.
54)
Which of the following is not an example of how an AIS adds value to an
organization?
A)
All employees at a hospital can access and update patient records from any
computer terminal in the hospital.
B)
A customer service representative can find a customer’s account data, purchase
history, payment history, and salesperson’s name while on the phone with the
customer, to resolve issues quickly.
C)
Suppliers are able to access sales data directly from the point-of-sale system
of a retailer and deliver inventory automatically when needed.
D)
Client tax files are encrypted and made available on the CPA firm’s network to
any employee with an access code.
55)
Rolleigh Corp. identifies growth by new product development and product
improvement as the number one corporate goal. An employee at Wrigley’s, one of
Rolleigh’s wholly-owned subsidiaries, developed an innovation to an existing
product that would directly address a shortcoming in the similar product
offered by Rolleigh’s closest competitor. Wrigley’s current Return on
Investment (ROI) is 15%, but the product innovation is expected to generate ROI
of only 12%. Awarding bonuses to subsidiary managers based on ROI could result
in:
A)
goal conflict
B)
information overload
C)
goal congruence
D)
decreased value of information
56)
Which of the following tradeoffs between characteristics of useful information
is least objectionable?
A)
Incomplete information received on a timely basis
B)
Irrelevant information received in an understandable format
C)
Unreliable information easily accessible
D)
Verifiable information received in unreadable format
57)
Paid time-off policies, job descriptions, and procedures manuals are examples
of information needed to support key decisions in what business process?
A)
Hire and train employees
B)
Acquire inventory
C)
Sell merchandise
D)
Collect payment from customers
58)
Which of the following is not a key decision to be made when starting a
business?
A)
How to estimate the allowance for uncollectible accounts
B)
Whether to advertise on TV, radio, or newspaper
C)
How to raise capital
D)
Whether to accept American Express
59)
Paying federal payroll taxes is part of which transaction cycle?
A)
Human resources/payroll
B)
Expenditure
C)
Financing
D)
Revenue
60)
Who of the following would not be involved in the revenue cycle?
A)
Accounts payable clerk
B)
Customer
C)
Cashier
D)
Credit manager61)
Which of the following isnot one of the three basic types of data about
a specific sales transaction that should be captured by an Accounting
Information System?
A)
Name of the employee who completed the sale
B)
Daily sales quota
C)
Product sold
D)
Date
62)
Who of the following is not a stakeholder with whom an accounting
information system typically communicates directly?
A)
Wall Street industry analyst
B)
Venture capitalist
C)
Company that supplies raw materials
D)
Company that purchases finished goods for resale to consumers
