quiz1

How many components are found in an AIS?

Choose one answer.

c. six

Question 2

Facts that are collected, recorded, stored and processed by an information system

Choose one answer.

b. Data

Question 3

An access-based strategic position involves

Choose one answer.

d. serving a subset of customers who differ from other customers.

Question 4

Information is

Choose one answer.

b. Data that have been organized and processed to provide meaning to a user.

Question 5

Marks: 1

Information that is free from error or bias and accurately represents the events or activities of the organization is

Choose one answer.

c. Reliable

Question 6

Marks: 1

Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Friday, who manages the carving process. Monday is the newest employee. She collects the coconuts. Tuesday, as you might expect, takes calls from curstomers, oops, I mean customers, who are unhappy with their coconuts. Wednesday tosses finished coconuts into the sea, whereupon they drift to the wholesaler. Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.

Which of the following functions in the value chain is Friday performing?

b. Operations

Tri-Anything, Limited, is a British company operating in New York state. It offers stylized, boutique public relations services to upscale retailers in quaint New England towns. A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns. Preparation of the newsletter requires study and analysis of weather conditions, economic activity, and travel costs. It is available at an annual subscription rate of $299.99. There are currently 190 subscribers. Preparation and distribution of the newsletter costs $12,000 annually. The value of information to subscribers is:

Choose one answer.

a. At least $300.00

Question 8

Seperation of ownership and decision management in firms has occured primary due to:

d. the fact that as firms grow larger owners can no longer manage the firm by

themselves

Question 9

Marks: 1

Which of the following steps is NOT part of the decision process (Fama & Jensen, 1983) Choose one answer.

d. termination

Question 10

A business or exchange transaction is best described as:

Choose one answer.

b. any event which effects the firm's financial position and can be reliably

recorded

Question 1

Marks: 1

Regarding decision scope, which statement below is true?

b. Strategic planning is concerned with establishing organizational objectives and

policies for accomplishing those objectives.

Question 2

Within the value chain conceptual framework, AIS is shown as a support activity. The AIS is of value to an organization when it provides accurate and timely information to help support the five primary value chain activities. When the AIS provides information in a timely and accurate manner, it stands as an example of

a. improved decision making.

b. improving efficiency.

c. improving the quality and reducing the costs of products or services.

d. All of the above

Question 3

A strategic position is important to the success and growth of any organization. Harvard professor Michael Porter has identified two basic business strategies. Which statement below is false regarding these basic strategies?

b. The two basic strategic positions are mutually exclusive.

Question 4

Balcony Landscaping markets its unique services to condominium residents in West Palm Beach, Florida, who want to maintain gardens on their balconies. The service includes watering, trimming, weeding, feeding, pest control, and, of course, the design and installation of balcony gardens. Which of the following best describes the strategy and strategic position of this business?

Choose one answer.

c. Product differentiation strategy combined with an access-based strategic

position.

Question 5

Budgeting and human resource practices are examples of

Choose one answer.

d. management control

Question 6

Tri-Anything, Limited, is a British company operating in New York state. It offers stylized, boutique public relations services to upscale retailers in quaint New England towns. A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns. Preparation of the newsletter requires study and analysis of weather conditions, economic activity, and travel costs. It is available at an annual subscription rate of $299.99. There are currently 190 subscribers. Preparation and distribution of the newsletter costs $12,000 annually. The value of information to subscribers is:

Choose one answer.

a. At least $300.00

Question 7

A decision that is repetitive, routine and well understood is

Choose one answer.

c. structured

Question 8

Following the seperation of ownership and control, one means by which owners can encourage managers to takeon risk is by:

c. using a performance based incentive scheme

Following the seperation of ownership and control in firms, the agency problem has arisen because:

Choose one answer.

a. there is a cost involved in establishing contracts

Question 10

Generally firms tend to grow sustainably larger when:

a. they develop improved managerial techniques

Question1

An accounting information system must be able to perform which of the following tasks?

Choose one answer.

d. all of the above

Question2

The Internet has changed the way many processes are performed in business today. The Internet has had a material effect on the five primary characteristics in the value chain and on the strategy adopted by businesses that incorporate use of the Web into their business systems. Which statement below is true regarding the Internet relative to a strategic position that a business may adopt?

b. The most important effect of the development of the Internet in business is the

increased importance of adopting a viable business strategy.

Question3

How many components are found in an AIS?

c. six

Question4

Within the value chain conceptual framework, organizations also perform a number of other support activities that enable the five primary value chain activities to be performed efficiently and effectively. One such support activity is research and development. This activity can be identified as a

d. technology activity.

Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has

hired five employees. The most senior is Friday, who manages the carving process. Monday is the newest employee. She collects the coconuts. Tuesday, as you might expect, takes calls from curstomers, oops, I mean customers, who are unhappy with their coconuts. Wednesday tosses finished coconuts into the sea, whereupon they drift to the wholesaler. Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.

Which of the following functions in the value chain is Friday performing?

b. Operations

Question6

In value chain analysis, what is the activity of arranging the delivery of products to customers called?

a. outbound logistics

Question7

An analysis conducted by the Institute of Management Accountants shows that the most important activities performed by corporate accountants relate to

d. accounting systems and financial reporting.

Question8

Which of the following global factors has had the most significant effect on AIS development:

b. advances in telecommunications technology

Question9

A firm may be most profitable to establish when, (choose the most INCORRECT answer)

c. there are low costs to negotiating and completing seperate exchange transaction

contracts

Under Agency theory, Boards of directors are seen as:

b. An internal monitor to oversight management

Question 2

Razzmataz, Wisconsin, is a popular tourist destination. During the winter months, the population dwindles to a meager few, but when summer comes, the size of the town surges. Chuck Hewitt is the town sanitation engineer. When the size of the town surges, so do his responsibilities. Among them is management of the sewage processing volume.

In an interview with the local paper, Chuck complained that a report on tourist population that he uses to adjust processing volume refers to data that was collected five days ago and it takes him a week to make adjustments.

Which of the following characteristics of useful information is absent in the situation described above?

b. Timely

Question 3

Budgeting and human resource practices are examples of

d. management control

Question 4

In 2003, Custer Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Jeff Akspen, the director of information technology services, asked Joyce Jenkins to come in and talk with him about the system. Joyce is a long-time employee of Custer, and her opinion is valued by her peers and by her supervisor.

"So Joyce, how's it going down there in the shop?"

"Not so good, Jeff. Used to be we got a weekly pick list so we knew how to plan production. Now, we got that computer system. Most of us can't figure out how to use it to do our jobs. Is there some way to print out a pick list?"

Jeff thought for a while before responding. "Well, Joyce, to tell you the truth, I'm not so sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us build the system. Maybe they can help."

Which of the following characteristics of useful information is absent in the situation described above?

b. Understandable

Within the value chain conceptual framework, AIS is shown as a support activity. The AIS is of value to an organization when it provides accurate and timely information to help support the five primary value chain activities. When the AIS provides information in a timely and accurate manner, it stands as an example of

Choose one answer.

a. improved decision making.

b. improving efficiency.

c. improving the quality and reducing the costs of products or services.

d. All of the above

Question 6

The Financial Accounting Standards Board (FASB), in its Statement of Financial Accounting Concepts No. 2, has defined accounting as

d. being an information system.

Question 7

An AIS must be able to fulfill three important functions in any organization. One such function is the collecting and storing of data about activities performed by the organization. One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

c. management.

Which of the following is INCORRECT with regard to the Non Profit Organisation form:

d. donors are regarded as alienable residual claimants

Question 9

Contract costs include the following elements, select the least most INCORRECT answer:

b. residual termination costs

Question 10

Which of the following steps is NOT part of the decision process (Fama & Jensen, 1983)

d. termination

Which of the following is not an example of a common activity in an AIS?

c. recording of sales calls for marketing purposes

Question 2

The primary consideration when producing this type of information is that its benefits exceeds its costs.

c. Discretionary information

In value chain analysis, what is the activity of arranging the delivery of products to customers called?

a. outbound logistics

Question 4

Information that is free from error or bias and accurately represents the events or activities of the organization is

c. Reliable

Question 5

How many components are found in an AIS?

c. six

Question 6

In 2003, Custer Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Jeff Akspen, the director of information technology services, asked Joyce Jenkins to come in and talk with him about the system. Joyce is a long-time employee of Custer, and her opinion is valued by her peers and by her supervisor.

"So Joyce, how's it going down there in the shop?"

"Not so good, Jeff. Used to be we got a weekly pick list so we knew how to plan production. Now, we got that computer system. Most of us can't figure out how to use it to do our jobs. Is there some way to print out a pick list?"

Jeff thought for a while before responding. "Well, Joyce, to tell you the truth, I'm not so sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us build the system. Maybe they can help."

Which of the following characteristics of useful information is absent in the situation described above?

b. Understandable

Question 7

Designer Dry Cleaning of Chicago only cleans designer clothing created using unique materials (including latex) and having unusual cleaning requirements. It competes on price with other dry cleaning establishments, including several local chains, that offer similar cleaning services. The owner of DDS asserts that, since they don't try to do it all, they do what they do better and that they don't have customers, they have clientele. Which of the following best describes the strategy and strategic position of this business?

b. Low-cost strategy combined with a variety-based strategic position.

Which of the following global factors has had the most significant effect on AIS development:

b. advances in telecommunications technology

Question 9

Contract costs include the following elements, select the least most INCORRECT answer:

b. residual termination costs

Question 10

The agency problem is concerned with:

d. managers making decisions which may not be in the best interests of the

owners

Question 1

Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Friday, who manages the carving process. Monday is the newest employee. She collects the coconuts. Tuesday, as you might expect, takes calls from curstomers, oops, I mean customers, who are unhappy with their coconuts. Wednesday tosses finished coconuts into the sea, whereupon they drift to the wholesaler. Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.

Which of the following functions in the value chain is Wednesday performing

a. Outbound logistics

Question 2

A decision situation that is non-routine and for which no established framework exists for making the decision is called a/an ________ decision.

d. unstructured

Question 3

Designer Dry Cleaning of Chicago only cleans designer clothing created using unique materials (including latex) and having unusual cleaning requirements. It competes on price with other dry cleaning establishments, including several local chains, that offer similar cleaning services. The owner of DDS asserts that, since they don't try to do it all, they do what they do better and that they don't have customers, they have clientele. Which of the following best describes the strategy and strategic position of this business?

b. Low-cost strategy combined with a variety-based strategic position.

In 2003, Custer Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Jeff Akspen, the director of information technology services, asked Joyce Jenkins to come in and talk with him about the system. Joyce is a long-time employee of Custer, and her opinion is valued by her peers and by her supervisor.

"So Joyce, how's it going down there in the shop?"

"Not so good, Jeff. Used to be we got a weekly pick list so we knew how to plan production. Now, we got that computer system. Most of us can't figure out how to use it to do our jobs. Is there some way to print out a pick list?"

Jeff thought for a while before responding. "Well, Joyce, to tell you the truth, I'm not so sure how to do it myself, but there must be a way. We'll bring in the consultants that helped us build the system. Maybe they can help."

Which of the following characteristics of useful information is absent in the situation described above?

b. Understandable

Question 5

Goal conflict may result when

b. A decision or action of a subsystem is inconsistent with the system as a whole.

Question 6

Clint Smith operates a machine shop in Burbank, California. He places bids on small lot production projects submitted by firms throughout the Los Angeles area. By using the latest automation technology, Smith is able to keep prices low enough to ensure a backlog of projects and steady growth. Which of the following best describes the strategy and strategic position of this business?

f. Low-cost strategy combined with a needs-based strategic position.

Question 7

Humans can absorb and process only so much information. Information ________ occurs when those limits are passed.

选择一个答案

c. overload

Question 8

Which of the following steps is NOT part of the decision process (Fama & Jensen, 1983)

d. termination

Question 9

Under Agency theory, Boards of directors are seen as:

b. An internal monitor to oversight management

Following the seperation of ownership and control in firms, the agency problem has arisen because:

a. there is a cost involved in establishing contracts