Question 1

CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong firm-to-customer relationships.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following is not an attribute of useful information?

Accepted Answer

A)  Bias.
B)  Feedback value.
C)  Predictive value.
D)  Verifiability.E) None of the above
F) A) and B)

Question 3

Which of the following systems would a company be most likely to employ for the primary purpose of generating additional sales revenue?

Accepted Answer

A)  MDBMS.
B)  CRM.
C)  SCM.
D)  OCR.E) B) and C)
F) None of the above

Question 4

Enterprise Systems do not exist to facilitate decision making.

Accepted Answer

A) True 
 B)False

Question 5

According to a recent study,the informate-up IT strategic role is defined as systems that:

Accepted Answer

A)  Replace human labor in automating business processes.
B)  Provide information about business activities to all employees.
C)  Provide information about business activities to senior management.
D)  Fundamentally redefine business processes and relationships.E) All of the above
F) B) and D)

Question 6

Service Activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them (e.g.warranty repairs,parts,instruction manuals,etc. ).

Accepted Answer

A) True 
 B)False

Question 7

Relevant information's most defining characteristic is that it is free from bias and error.

Accepted Answer

A) True 
 B)False  False

Question 8

Which designation would be most appropriate for those professionals possessing IT audit,control and security skills?

Accepted Answer

A)  Certified Internal Auditor (CI
A)  .
B)  Certified Public Accountant (CP
A)  .
C)  Certified Information Technology Professional (CITP) .
D)  Certified Information Systems Auditors (CIS
A)  .E) None of the above
F) All of the above

Question 9

A faithful representation of the underlying event should reflect the bias of the system analyst.

Accepted Answer

A) True 
 B)False

Question 10

Which designation is for CPAs with a broad range of technology knowledge and experience?

Accepted Answer

A)  Certified Internal Auditor (CI
A)  .
B)  Certified Public Accountant (CP
A)  .
C)  Certified Information Technology Professional (CITP) .
D)  Certified Information Systems Auditors (CIS
A)  .E) All of the above
F) A) and B)

Question 11

Which of the following is not a primary activity in the Value Chain?

Accepted Answer

A)  Outbound Logistics.
B)  Marketing.
C)  Inbound Logistics.
D)  Information Technology.E) None of the above
F) A) and B)

Question 12

Which of the following are considered to be mandatory information required by a regulatory body?

Accepted Answer

A)  Financial reports for the Securities and Exchange Commission.
B)  The amount of taxes saved by a merger.
C)  The total dollar value of fireworks that are sold on July 4.
D)  The cost to build an all-new Starbucks restaurant in Abu Dhabi.E) B) and D)
F) A) and D)

Question 13

Customer Relationship Management is best defined as:

Accepted Answer

A)  A system used to manage and nurture a firm's interactions with its current and potential customers.
B)  A system used to track a customer's past purchases.
C)  A system used to connect a firm's suppliers with a firm's customers.
D)  A system used to advertise current items on sale to customers.E) A) and C)
F) B) and C)

Question 14

Investors reward companies most that announce IT initiatives with which type of strategic role?

Accepted Answer

A)  Automate.
B)  Informate - up.
C)  Transform.
D)  Informate - down.E) B) and C)
F) B) and D)

Question 15

An efficient Enterprise System can significantly lower the cost of support processes included in sales,general,and administrative expenses.

Accepted Answer

A) True 
 B)False

Question 16

An accounting information system (AIS)is defined as being an information system that records,processes and reports on transactions to provide financial and nonfinancial information for decision making and control.

Accepted Answer

A) True 
 B)False

Question 17

A simple information system includes all but the following elements except:

Accepted Answer

A)  Processing.
B)  Storage.
C)  Input.
D)  Reporting.E) A) and B)
F) A) and C)

Question 18

Consider the non-profit organization Doctors without Borders (Médecins Sans Frontières) ,a Nobel Peace Prize winning organization that provides medical services in war zones and developing countries.For this type of organization,which of the following would likely be the best measure of business value?

Accepted Answer

A)  Fund balance (i.e. ,the net of revenues less expenditures) .
B)  Lives saved.
C)  Donations raised.
D)  Volunteers deployed.E) C) and D)
F) All of the above

Question 19

As of today,Accounting Information Systems are all computerized.

Accepted Answer

A) True 
 B)False

Question 20

A supply chain system does not include information about:

Accepted Answer

A)  Current customers.
B)  Prospective customers.
C)  Availability of inventory.
D)  Current suppliers.E) A) and C)
F) B) and C) B

Exam 1: Accounting Information Systems and Firm Value

CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong firm-to-customer relationships.

Correct Answer
verified
True

Which of the following is not an attribute of useful information?

Correct Answer
verified

Which of the following systems would a company be most likely to employ for the primary purpose of generating additional sales revenue?

Correct Answer
verified

Enterprise Systems do not exist to facilitate decision making.

Correct Answer
verified

According to a recent study,the informate-up IT strategic role is defined as systems that:

Correct Answer
verified

Service Activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them (e.g.warranty repairs,parts,instruction manuals,etc. ).

Correct Answer
verified

Relevant information's most defining characteristic is that it is free from bias and error.

Correct Answer
verified
False

Which designation would be most appropriate for those professionals possessing IT audit,control and security skills?

Correct Answer
verified

A faithful representation of the underlying event should reflect the bias of the system analyst.

Correct Answer
verified

Which designation is for CPAs with a broad range of technology knowledge and experience?

Correct Answer
verified

Which of the following is not a primary activity in the Value Chain?

Correct Answer
verified

Which of the following are considered to be mandatory information required by a regulatory body?

Correct Answer
verified

Customer Relationship Management is best defined as:

Correct Answer
verified

Investors reward companies most that announce IT initiatives with which type of strategic role?

Correct Answer
verified

An efficient Enterprise System can significantly lower the cost of support processes included in sales,general,and administrative expenses.

Correct Answer
verified

An accounting information system (AIS)is defined as being an information system that records,processes and reports on transactions to provide financial and nonfinancial information for decision making and control.

Correct Answer
verified

A simple information system includes all but the following elements except:

Correct Answer
verified

Correct Answer
verified

As of today,Accounting Information Systems are all computerized.

Correct Answer
verified

A supply chain system does not include information about:

Correct Answer
verified
B

Exam 1: Accounting Information Systems and Firm Value

CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong firm-to-customer relationships.

Correct AnswerverifiedTrue

Which of the following is not an attribute of useful information?

Correct AnswerverifiedShow Answer

Which of the following systems would a company be most likely to employ for the primary purpose of generating additional sales revenue?

Correct AnswerverifiedShow Answer

Enterprise Systems do not exist to facilitate decision making.

Correct AnswerverifiedShow Answer

According to a recent study,the informate-up IT strategic role is defined as systems that:

Correct AnswerverifiedShow Answer

Service Activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them (e.g.warranty repairs,parts,instruction manuals,etc. ).

Correct AnswerverifiedShow Answer

Relevant information's most defining characteristic is that it is free from bias and error.

Correct AnswerverifiedFalse

Which designation would be most appropriate for those professionals possessing IT audit,control and security skills?

Correct AnswerverifiedShow Answer

A faithful representation of the underlying event should reflect the bias of the system analyst.

Correct AnswerverifiedShow Answer

Which designation is for CPAs with a broad range of technology knowledge and experience?

Correct AnswerverifiedShow Answer

Which of the following is not a primary activity in the Value Chain?

Correct AnswerverifiedShow Answer

Which of the following are considered to be mandatory information required by a regulatory body?

Correct AnswerverifiedShow Answer

Customer Relationship Management is best defined as:

Correct AnswerverifiedShow Answer

Investors reward companies most that announce IT initiatives with which type of strategic role?

Correct AnswerverifiedShow Answer

An efficient Enterprise System can significantly lower the cost of support processes included in sales,general,and administrative expenses.

Correct AnswerverifiedShow Answer

An accounting information system (AIS)is defined as being an information system that records,processes and reports on transactions to provide financial and nonfinancial information for decision making and control.

Correct AnswerverifiedShow Answer

A simple information system includes all but the following elements except:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

As of today,Accounting Information Systems are all computerized.

Correct AnswerverifiedShow Answer

A supply chain system does not include information about:

Correct AnswerverifiedB

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True

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False

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B