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