Question 1

The objectives of all information systems include all of the following except

Accepted Answer

A)  support for the stewardship function of management
B)  evaluating transaction data
C)  support for the day-to-day operations of the firm
D)  support for management decision making

Question 2

Advantages of cloud computing include all of the following except

Accepted Answer

A)  access to whatever computing power is needed
B)  paying only for what is used
C)  unknown data processing location
D)  flexible, short term contracts

Question 3

The task of locating and transferring an existing record from the database for processing is called data ____________________.

Accepted Answer

The answer of The task of locating and transferring an...

Question 4

These tests focus on data rather than process: __________________________.

Accepted Answer

The answer of These tests focus on data rather than...

Question 5

The most basic element of useful data in the database is the

Accepted Answer

A)  record
B)  key
C)  file
D)  attribute

Question 6

The purpose of the transaction processing system includes all of the following except

Accepted Answer

A)  converting economic events into financial transactions
B)  recording financial transactions in the accounting records
C)  distributing essential information to operations personnel to support their daily operations
D)  measuring and reporting the status of financial resources and the changes in those resources

Question 7

Motivations for IT outsourcing include each of the following except

Accepted Answer

A)  IT's highly technical nature
B)  long term contracts in IT outsourcing
C)  expense of IT
D)  dynamically changing nature of IT

Question 8

The transaction processing system includes all of the following cycles except

Accepted Answer

A)  the revenue cycle
B)  the administrative cycle
C)  the expenditure cycle
D)  the conversion cycle

Question 9

The database administrator is responsible for the security and integrity of the database.

Accepted Answer

A) True 
 B)False

Question 10

Information lacking reliability may still have value.

Accepted Answer

A) True 
 B)False

Question 11

The internal auditor represents the interests of third-party outsiders.

Accepted Answer

A) True 
 B)False

Question 12

A database is a collection of interconnected computers and communications devices that allows users to communicate,access data and applications,and share information and resources.

Accepted Answer

A) True 
 B)False

Question 13

One member of a company's audit committee must be an independent CPA.

Accepted Answer

A) True 
 B)False

Question 14

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Accepted Answer

A) True 
 B)False

Question 15

IT outsourcing is location-independent computing.

Accepted Answer

A) True 
 B)False

Question 16

A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

Accepted Answer

The answer of A practice in which an organization sells...

Question 17

Distinguish between the accounting information system and the management information system.

Accepted Answer

The accounting information system proces...

Question 18

Transaction processing systems convert non-financial transactions into financial transactions.

Accepted Answer

A) True 
 B)False

Question 19

Which individuals may be involved in the systems development life cycle?

Accepted Answer

A)  accountants
B)  systems professionals
C)  end users
D)  all of the above

Question 20

The primary input to the transaction processing system is

Accepted Answer

A)  a financial transaction
B)  an accounting record
C)  an accounting report
D)  a nonfinancial transaction

Exam 1: The Information System: an Accountants Perspective

The transaction processing system includes all of the following cycles except

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Transaction processing systems convert non-financial transactions into financial transactions.

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The database administrator is responsible for the security and integrity of the database.

Correct AnswerverifiedShow Answer

Distinguish between the accounting information system and the management information system.

Correct AnswerverifiedThe accounting information system proces...View AnswerShow Answer

Advantages of cloud computing include all of the following except

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The purpose of the transaction processing system includes all of the following except

Correct AnswerverifiedShow Answer

The objectives of all information systems include all of the following except

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Motivations for IT outsourcing include each of the following except

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Which individuals may be involved in the systems development life cycle?

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A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

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These tests focus on data rather than process: __________________________.

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One member of a company's audit committee must be an independent CPA.

Correct AnswerverifiedShow Answer

The internal auditor represents the interests of third-party outsiders.

Correct AnswerverifiedShow Answer

The task of locating and transferring an existing record from the database for processing is called data ____________________.

Correct AnswerverifiedShow Answer

Information lacking reliability may still have value.

Correct AnswerverifiedShow Answer

IT outsourcing is location-independent computing.

Correct AnswerverifiedShow Answer

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Correct AnswerverifiedShow Answer

The most basic element of useful data in the database is the

Correct AnswerverifiedShow Answer

The primary input to the transaction processing system is

Correct AnswerverifiedShow Answer

A database is a collection of interconnected computers and communications devices that allows users to communicate,access data and applications,and share information and resources.

Correct AnswerverifiedShow Answer

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The accounting information system proces...
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