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Accounting Info System

In: Other Topics

Submitted By Azeezatu
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Chapter 1

ACCY 231

Spring Session

1. A set of two or more interrelated components that interact to achieve a goal is:
a) A system
b) An accounting information system
c) Data
d) Mandatory information
2. Facts that are collected, recorded, stored and processed by an information system
a) Information
b) Data
c) Systems
d) Mandatory information
3. Information is
a) What happens when the data exceeds the amount the human mind can absorb.
b) The benefit produced by the information minus the cost of producing it.
c) Facts that are collected, recorded, stored, and processed by an information system.
d) Data that have been organized and processed to provide meaning to a user.
4. Data are
a) facts entered, stored, and processed by an information system.
b) processed output that is useful to decision makers.
c) another word for information.
d) quantitative facts that are not qualitative by nature.
5. Which of the following statements below shows the contrast between data and information?
a) Data is the output of an AIS.
b) Information is the primary output of an AIS.
c) Data is more useful in decision-making than information.
d) Data and information are the same.
6. The value of information can best be defined as
a) how useful it is to decision makers.
b) the benefits produced by possessing and using the information minus the cost of producing it.
c) how relevant it is.
d) the extent to which it maximizes the value chain.
7. An accounting information system (AIS) processes __________ to provide users with
a) data; information
b) data; transactions
c) information; data
d) data; benefits
8. How many components are found in an AIS?
a) three
b) four
c) five
d) six

9. An accounting information system in part consists of
a) People, hardware and programs.
b) Information, programs and computers.
c) People, procedures,…...

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