Question
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
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
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