8/18/2016 Online Quiz

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Out of 10 questions, you answered 2 correctly with a final grade of 20%
2 correct (20%)
8 incorrect (80%)
0 unanswered (0%)
Your Results:
The correct answer for each question is indicated by a .

1 Accounting information systems are:

INCORRECT
A) Always computerized.

B) An information system that collects financial reporting information for decision making and control.

C) An information system that records, processes and reports on transactions to provide financial and non-
financial information for decision making and control.
D) An information system that collects and disburses financial and non-financial information for decision making
and control.
Feedback: An accounting information system records, processes and reports both financial and non-financial
information.
2 Which of the following is a characteristic of relevant information?
INCORRECT
A) Predictive value.

B) Neutrality.

C) Verifiable.

D) Easy to understand.
Feedback: The characteristics of relevant information include predictive value, feedback value and timeliness.
3 Which of the following are considered to be discretionary information produced by accounting information systems?
INCORRECT
A) U.S. Tax Return.

B) Bank capital submission to the State Banking Commission.

C) The number of U.S. flags that are sold on July 4.

D) 10-K regulatory filing to the Securities and Exchange Commission.

Feedback: A U.S. tax return, reporting on banking capital and 10-K regulatory filings are all examples of mandatory
information. The number of U.S. flags sold on July 4 is discretionary information.
4 Support activities in the value chain include all but the following:
INCORRECT
A) Firm Infrastructure

B) Technology

C) Procurement

D) Marketing and Sales

Feedback: Support activities in the value chain include firm infrastructure, human resource management, technology
and procurement. Marketing and sales is a primary activity in the value chain.
5 What designation would most appropriate for those CPAs possessing IS audit, control and security skills?
INCORRECT
A) Certified Information Systems Auditors (CISA)

B) Certified Accounting Information System Auditor (CAISA)

C) Certified Internal Auditor (CIA)

D) Certified Information Technology Professional (CITP)

Feedback: The CITP designation identifies accountants (CPAs) with a broad range of technology knowledge and
experience.
6 CORRECT A supply chain:

A) Supplies only chain saws.

B) Is the flow of materials from supplier to customer.

C) Is similar in function and purpose to the value chain.

D) Applies only to service firms.

Feedback: A supply chain is defined as the flow of materials, information, payments, and services from raw materials
suppliers, through factories and warehouses, all the way to the final customers of the firm's products.
7 CORRECT Primary Activities in the value chain include:

A) Firm Infrastructure

B) Service Activities

C) Human Resource Management

D) Procurement
Feedback: Primary activities in the value chain include inbound logistics, operations, outbound logistics, marketing
and sales activities and service activities.
8 The income statement account most likely affected by an AIS investment in enterprise systems would be:
INCORRECT
A) Revenues

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8/18/2016 Online Quiz
B) Cost of Goods Sold

C) Selling, General and Administrative Expenses

D) Income Taxes
Feedback:
Enterprise systems make the whole organization more efficient. That efficiency will most likely show up in the SG&A
accounts.

9 According to a recent study, the IT strategic role that has the least impact on shareholder value is:
INCORRECT
A) Informate

B) Digitize

C) Automate

D) Transform
Feedback: According to the Dehning, et al. research paper, the automate IT strategic role on average, has the least
impact on shareholder value. Transform has the highest impact.
10 The income statement account most likely affected by an AIS investment in customer relationship management would
INCORRECT be:
A) Revenues

B) Cost of Goods Sold

C) Selling, General and Administrative Expenses

D) Income Taxes
Feedback: Customer relationship management deals with former, current and prospective customers. As such,
customer relationship management software is intended to increase revenues.

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