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In: Accounting

Multiple Choice 1 Data differ from information in which way? a. Data are facts about a...

Multiple Choice 1

Data differ from information in which way?

a. Data are facts about a sale

b. Information is data organized to provide meaning

c. Data are meaningful bits of information

d. There is no difference

Multiple Choice 2

Which of the following is not a characteristic that makes information useful?

a. It is reliable

b. It is timely

c. It is inexpensive

d. It is relevant

Multiple Choice 3

What information needs are generally associated with the acquire inventory business process?

a. Market Analysis

b. Vendor Performance

c. Inventory status reports

d. All of the above

Multiple Choice 4

Which transaction cycle includes interactions between an organization and its suppliers?

a. Revenue cycle

b. Expenditure cycle

c. Human resources/payroll cycle

d. General ledger and reporting system

Multiple Choice 5

In which cycle does a company ship goods to customers?

a. Production cycle

b. Financing cycle

c. Revenue cycle

d. Expenditure cycle

Multiple Choice 6

Which of the following is a function of an AIS?

a. Reducing the need to identify a strategy and strategic position.

b. Transforming data into useful information.

c. Allocating organizational resources.

d. Automating all decision making.

Multiple Choice 7

An AIS provides value by:

a. improving products or services through information that increases quality and reduces costs

b. providing timely and reliable information to decision makers

c. creating new products

d. both A and B

Multiple Choice 8

The value chain concept is composed of the following two types of activities:

Primary and secondary

Primary and support

Support and value

Technology and support

Multiple Choice 9

Which of the following is a primary activity in the value chain?

a. Purchasing

b. Accounting

c. Post-sales service

d. Human resource management

Multiple Choice 10

Which of the following is a support activity in the value chain?

a. Purchasing

b. Manufacturing

c. Post-sales service

d. Receiving materials

Expert Solution

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Data differ from information in which way?
	b. Information is data organized to provide meaning

Which of the following is not a characteristic that makes information useful?
	c. It is inexpensive

What information needs are generally associated with the acquire inventory business process?
	d. All of the above

Which transaction cycle includes interactions between an organization and its suppliers?
	b. Expenditure cycle

In which cycle does a company ship goods to customers?
	c. Revenue cycle

Which of the following is a function of an AIS?
	b. Transforming data into useful information.

An AIS provides value by:
	d. both A and B

The value chain concept is composed of the following two types of activities:
	Primary and support

Which of the following is a primary activity in the value chain?
	a. Purchasing

Which of the following is a support activity in the value chain?
	c. Post-sales service

ekkarill92 answered 1 year ago

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