acct571 week 1 quiz

2
Week 1 Quiz Question 1. 1. (TCO A) Data are: (Points : 2) facts entered, stored, and processed by an information system processed output that is useful to decision makers another word for information quantitative facts that are not qualitative by nature Question 2. 2. (TCO A) Which of the following is not one of the components of an AIS? (Points : 2) internal controls & security measures people procedures and instructions none of the above Question 3. 3. (TCO A) The transaction cycles relate to one another and interface with this to generate information for both management and external parties. (Points : 2) general ledger and reporting system accounting information systems computer processor human resources cycle Question 4. 4. (TCO A) Callow Youth Clothing is a boutique retailer located in Estes Park, Colorado. During the peak tourist season, it has average daily cash and credit card sales in excess of $5,000. What is the best way for this business to ensure that sales data entry is efficient and accurate? (Points : 2) Well-designed paper forms Source data automation Turnaround documents

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acct571 Week 1 Quiz

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Week 1 Quiz Question 1. 1. (TCO A) Data are: (Points : 2)

facts entered, stored, and processed by an information system processed output that is useful to decision makers another word for information quantitative facts that are not qualitative by nature

Question 2. 2. (TCO A) Which of the following is not one of the components of an AIS? (Points : 2)

internal controls& security measures people procedures and instructions none of the above

Question 3. 3. (TCO A) The transaction cycles relate to one another and interface with this to generate information for both management and external parties. (Points : 2)

general ledger and reporting system accounting information systems computer processor human resources cycle

Question 4. 4. (TCO A) Callow Youth Clothing is a boutique retailer located in Estes Park, Colorado. During the peak tourist season, it has average daily cash and credit card sales in excess of $5,000. What is the best way for this business to ensure that sales data entry is efficient and accurate? (Points : 2)

Well-designed paper forms Source data automation Turnaround documents Sequentially numbered forms

Question 5. 5. (TCO A) A graphical representation of the flow of documents and information between departments or areas of responsibility within an organization is called (Points : 2)

a data flow diagram a document flowchart a system flowchart a program flowchart

Question 6. 6. (TCO A) How can an AIS add value to the organization? (Points : 5)

An AIS can add value to the organization by improving quality and reducing the costs of products or services, improving efficiency or operations, sharing knowledge and expertise that will improve operations and competitive advantage, improving the efficiency and effectiveness of its supply chain, improving the internal control structure and improving decision making.

Question 7. 7. (TCO A) Name two reasons why it is important to have a working knowledge of DFDs and flowcharting. (Points : 5)

First reason why it is important to have a working knowledge of DFD and flowcharting because they are the two most frequently used development and documentation tools. Second, because they are tools that are used to simplify and create order in the extremely complex system development.