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ACC 564 Final Exam/ ACC 564 Final Exam Part 1 & 2 NEW Spring 2016

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Question 1 .4 out of 4 points An accounting information system (AIS) processes ________ to provide users with ________. A) data; information B) data; transactions C) information; data D) data; benefits Question 2 .4 out of 4 points Paid time-off policies, job descriptions, and procedures manuals are examples of information needed to support key decisions in what business process? A) Hire and train employees B) Acquire inventory C) Sell merchandise D) Collect payment from customers Question 3 .4 out of 4 points Which of the following is a primary activity in the value chain? A) infrastructure B) technology C) purchasing D) marketing and sales Question 4 .4 out of 4 points A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the A) organizational culture. B) customer base. C) external financial statement users. D) production activity. Question 5 .4 out of 4 points A frantic Stro Frinzel called the home office from Des Moines. “You have got to help me. I am about to close a great sale, but I have to be able to guarantee delivery by the fourteenth. I can’t get through to the company Web site to verify delivery!” “Thank you for calling. Your call is very important to us. However, all of our lines are currently in use. Please try again later.” Which of the following characteristics of useful information is absent in the situation described above? A) relevant B) reliable C) complete D) timely E) understandable F) verifiable G) accessible Question 6 .4 out of 4 points The coding technique most likely used for sales orders is called a A) group code. B) block code. C) data code. D) sequence code. Question 7 .4 out of 4 points The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line. This is an example of A) internal financial information. B) internal nonfinancial information. C) external financial information. D) external nonfinancial information. Question 8 .4 out of 4 points A specialized journal A) is used to record infrequent or non-routine transactions. B) simplifies the process of recording large numbers of repetitive transactions. C) records all detailed data for any general ledger account that has individual sub-accounts. D) contains summary-level data for every account of the organization. Question 9 .4 out of 4 points Data must be collected about three facets of each business activity. What are they? A) the business activity, the resources it affects, the people who participate B) the business activity, the transactions it creates, the impact on the financial statements C) the inputs, outputs and processes used D) who is involved, what was sold, how much was paid Question 10 .4 out of 4 points A specialized journal would be most likely to be used to enter A) sales transactions. B) monthly depreciation adjustments. C) annual closing entries. D) stock issuance transactions. Question 11 .4 out of 4 points The Union Soup Kitchen is a non-profit organization that collects, stores, prepares and provides food to the homeless in Erie, Pennsylvania. Donations of food are recorded in a database and a receipt is provided to the donor. When food is used, the database is updated so that it always reflects the amounts and types of food that are available. In a data flow diagram, which type of symbol would be used to represent the flow of data from the donor into the system? A Question 12 .4 out of 4 points A flowchart that depicts the relationships among the input, processing, and output of an AIS is A) an internal control flowchart. B) a document flowchart. C) a system flowchart. D) a program flowchart. Question 13 .4 out of 4 points In a data flow diagram of the customer payment process, “Customer payment” will appear above or in A

ACC 564 Final Exam/ ACC 564 Final Exam Part 1 & 2 NEW Spring 2016

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