question

Accounting and Finance is a primary activity in the value chain

answer

False

question

Accounting Information Systems at this date are all computerized

answer

false

question

Business value includes all those items, events and interactions that determine the financial health and well being of the firm

answer

true

question

The certified information technology professional (CITP) is a professional designation for those with broad range of technology knowledge and does not require a CPA.

answer

false

question

The Certified Information Systems Auditor (CISA) is a professional designation generally sought by those performing IT audits.

answer

True

question

Information is defined as being data organized in a meaningful way to be useful to the user.

answer

true

question

Data is defined as being information organized in a meaningful way to the user.

answer

false

question

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

answer

true

question

a value chain is defined as the flow of materials, information, payments, and services from customer to supplier.

answer

false

question

Relevant information is that information that is free from bias and error.

answer

false

question

the characteristics of relevant information include predictive value, feedback value, and timeliness

answer

true

question

the characteristics of reliable information are that the information is verifiable, without bias and timely.

answer

false

question

information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information.

answer

true

question

the main financial benefit of Customer Relationship Management practices reduces the cost of goods sold.

answer

false

question

an efficient Enterprise System can significantly lower the cost of support processes included in sales, general, and administrative expenses.

answer

true

question

an accounting information system (AIS) is defined as being an information system that records, processes and reports on transactions to provide financial information for decision making and control

answer

true

question

an enterprise system is a centralized database that collects data from throughout the firm. this includes data from orders, customers, sales, inventory and employees.

answer

true

question

outbound logistics are the activities associated with receiving and storing raw materials and other partially completed materials, and distributing those materials to manufacturing where and where they are needed.

answer

false

question

service activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them.

answer

true

question

a well designed and well functioning AIS can be expected to create value by providing relevant information helpful to management to increase revenues and reduce expenses.

answer

true

question

Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an example of discretionary information

answer

false

question

an enterprise system is primarily used to manage and nurture a firm's interactions with its current and potential clients

answer

false

question

The Sarbanes Oxley Act of 2002 is a federal law in the United States that set new and enhanced standards for all U.S. public companies, management and public accounting firms.

answer

true

question

CRM software includes the use of database marketing tools to learn more about the customers and to develop strong firm to customer relationships

answer

true

question

The Certified Information Technology Professional is the position created by the AICPA to recognize CPA's who have the ability to provide skilled professional services on information technology.

answer

true

question

accounting information systems are

answer

records, processes, and reports

question

which of the following are not a characteristic of useful information

answer

easy to understand

question

which of the following are considered to be mandatory information required by a regulatory body?

answer

financial reports for the securities and exchange commission

question

the correct order of effects in the value chain are

answer

inbound logistics-operations-outbound logistics

question

which designation would most appropriate for those professionals possessing an IT audit control and security skills?

answer

CISA

question

which designation is for CPAs with a broad range of technology knowledge and experience?

answer

CITP

question

A supply chain

answer

refers to the flow of materials, information, payments, and services

question

a supply chain system does not include information about

answer

prospective customers

question

the income statement line item most likely affected by an AIS investment in enterprise systems would be

answer

selling, general and administrative expenses

question

the income statement line item most likely affected by AIS investment in supply chain that would interface with suppliers would be

answer

Cost of Goods Sold

question

the IT strategic roles of AIS investments are classified as

answer

Automate, Informate, Transform

question

according to a recent study the transform IT strategic role is defined as systems that

answer

fundamentally redefine business processes and relationships

question

according to a recent study, the informal up IT strategic role is defined as systems that

answer

provide information about business activities to senior management.

question

the income statement account most likely affected by an AIS investment in customer relationship management would be

answer

revenues

question

many hospitals and doctors offices are beginning to digitize the medical records of their patients. this is an example of the _____ strategic role

answer

automate

question

EBay uses information technology to sell goods on the internet. this would be an example of the _____ strategic role

answer

transform

question

the information value chain is defined as

answer

the overall transformation of data from a business need to the ultimate decision.

question

business value is defined as

answer

Items, events and interactions that determine the financial health and well being of the firm

question

customer relationship management is defined as

answer

a system used to manage and nurture a firms interactions with its current and potential customers

question

support activities in the value chain does not inclue

answer

accounting and finance

question

the role of accountants in accounting information systems include all except

answer

operator

question

a simple information system includes all but the following elements except

answer

reporting

question

activity based costing is an example of

answer

discretionary information

question

an example of an AIS that primarily addresses internal business processes includes:

answer

enterprise systems

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