1. Which of the following is NOT true about accounting information systems (AISs)? a. All AISs are computerized b. AISs may report both financial and nonfinancial information c. AISs, in addition to collecting and distributing large amounts of data and information, also organize and store data for future uses d. A student who has an interest in both accounting and IT, will find many job opportunities that combine these knowledge and skills areas

2. Which of the following is likely to be information rather than data? a. Sales price b. Customer number c. Net profit d. Employee name

3. With respect to a computerized AIS, computers: a. Turn data into information in all cases b. Make audit trails easier to follow c. Cannot catch mistakes as well as humans d. Do not generally process information more quickly than humans

4. A dashboard is: a. A computer screen used by data entry clerks for input tasks b. A physical device dedicated to AIS processing tasks c. A summary screen typically used by mangers d. A type of blackboard used by managers to present useful information to others

5. The Sarbanes-Oxley Act of 2002: a. Enables U.S. officers to wiretap corporate phones if required b. Decreases the amount of work done by auditors and accountants c. Forbids corporations from making personal loans to executives d. Requires the Chief Executive Officer of a public company to take responsibility for the reliability of its financial statements.

6. The acronym SAR stands for: a. Simple accounting receipts b. Suspicious accounting revenue c. Suspicious activity reporting d. Standard accounts receivable

7. Which of the following is not true regarding assurance services? a. Auditors of public companies are no longer allowed to provide assurance services to any public company as a result of the Sarbanes-Oxley Act of 2002 b. Assurance services include online privacy evaluations c. Activity-based costing is not a type of assurance service d. Only CPAs can provide assurance services to clients

8. Assigning overhead costs based on the resources, rather than only direct labor, used in manufacturing is an example of: a. Activity-based costing (ABC) b. Budgeting c. Cost-plus accounting d. Financial, rather than managerial, accounting

9. Which of the following describes ''cloud computing''? a. Business applications over the Internet b. It's a subset of e-business c. The ability of a company to exchange data with its subsidiaries d. None of the above 10. Data transcription is best described as: a. An efficient process b. Always necessary in AISs c. Labor intensive and time consuming d. An important way to limit fraud and embezzlement