Question 1

Procurement and firm infrastructure are examples of primary business processes.

Accepted Answer

Procurement and firm infrastructure are examples of support activities in Porter's value chain model, not primary business processes. Primary processes directly create value for the customer, such as inbound logistics, operations, outbound logistics, marketing and sales, and service.

Question 2

A typical CRM contains one common database in which all departments with customer contact can access and update.

Accepted Answer

In a typical CRM, there is one common database that all departments with customer contact can access and update to ensure consistency of customer data and interactions across the organization.

Question 3

Good documentation means that records should be maintained by all parties involved in a transaction.

Accepted Answer

Good documentation includes maintaining records by all parties involved in a transaction, such as the buyer, seller, and any intermediaries. This can help provide clarity and transparency in the transaction and can be used as evidence in case of any disputes or audits.

Question 4

A company can use QR codes to provide a convenient way to direct customers to its Web site by embedding them in advertising,such as magazines or in-store displays.

Accepted Answer

QR codes are often used in advertising materials to provide easy and quick access to a company's website or other online content.

Question 5

MRP and MRP II software was created to aid in Supply Chain Management (SCM).

Accepted Answer

MRP (Material Requirements Planning) and MRP II (Manufacturing Resource Planning) software were developed to aid in managing and optimizing the supply chain process, from raw material procurement to finished product delivery.

Question 6

A system is a collection of related resources designed to help a company achieve specified objectives.

Accepted Answer

A system is indeed a collection of related resources that are designed to help a company achieve specific objectives. These resources may include people, technological tools, data, procedures, and other assets that work together to support the company's goals. Systems can be formal or informal, and they may be designed to support various aspects of the organization, such as operations, marketing, finance, or human resources. By using systems, companies can improve efficiency, consistency, and reliability while also enhancing their ability to adapt and innovate over time.

Question 7

AIS application architecture currently focuses on automating the traditional accounting cycle.

Accepted Answer

The answer of AIS application architecture currently focuses on automating...

Question 8

Cloud computing describes the increasing trend for data processing capabilities to be provided as a service via the Internet.

Accepted Answer

Cloud computing is a model for accessing and using computing resources on-demand over the internet, thus providing data processing capabilities as a service.

Question 9

Accounting information systems are designed to gather and utilize information which may cost more to provide than it is worth to the user.

Accepted Answer

Accounting information systems are designed to gather and utilize information that is worth more to the user than it costs to provide.

Question 10

External users of accounting information include stockholders,investors,creditors,government agencies,customers and vendors,competitors,labor unions,and the public at large.

Accepted Answer

External users of accounting information include all the mentioned parties along with others who require financial information for decision making.

Question 11

Quick-response systems are essential to the total quality performance movement in business.

Accepted Answer

Quick-response systems are an important aspect of the total quality performance movement. Quick-response systems enable a company to quickly identify and address quality issues, ensure customer satisfaction, and improve overall performance. Therefore, the statement is true.

Question 12

The operations function allows specialization in areas such as operating systems and software and communications technology.

Accepted Answer

The answer of The operations function allows specialization in areas...

Question 13

The AIS benefits of information technology include automation,information organization,and communication.

Accepted Answer

AIS (Accounting Information Systems) benefits from information technology such as automation, information organization, and communication. This is a true statement.

Question 14

All data processed and information stored in an accounting information system are mandatory for financial reporting purposes.

Accepted Answer

Not all data processed and information stored in an accounting information system are mandatory for financial reporting purposes. Some data may be for internal use, analysis, or non-financial reporting purposes.

Question 15

Most batch processing environments are JIT environments.

Accepted Answer

JIT (Just-In-Time) environments are typically used in interactive or real-time processing, whereas batch processing environments are designed to run large batches of data or transactions at a scheduled time or interval. Therefore, most batch processing environments are not JIT environments.

Question 16

Some organizations that use computers to process transactional data must have an information system function.

Accepted Answer

The answer of Some organizations that use computers to process...

Question 17

A decision support system (DSS)is tailored to the strategic information needs of top-level management.

Accepted Answer

A decision support system (DSS) is designed to assist all levels of management in decision-making, not just top-level management. It can be tailored to the specific needs of various users, including middle and operational managers, depending on the decision-making context.

Question 18

The basic goal of accounting information systems is to convert financial data into information.

Accepted Answer

The basic goal of accounting information systems is to collect, store, process, and analyze financial data in a way that provides useful information for decision-making purposes.

Question 19

An extended enterprise brings suppliers and customers together in order to meet customer demand while minimizing supplier costs.

Accepted Answer

An extended enterprise aims to bring together not just suppliers and customers, but also partners, and other third parties to improve efficiency, share information, and innovate, rather than focusing solely on meeting customer demand while minimizing supplier costs.

Question 20

XBRL is a language that facilitates the exchange of financial statements over the Internet.

Accepted Answer

XBRL, or eXtensible Business Reporting Language, is a standardized language that is used to describe financial information such as financial statements, regulatory filings, and other financial reports. XBRL facilitates the exchange of this information over the Internet, making it easier for investors, analysts, and other stakeholders to access and analyze financial data. Therefore, the statement that XBRL is a language that facilitates the exchange of financial statements over the Internet is true.

Quiz 1: Accounting Information Systems: An Overview