A Quiz On Accounting Information System

10 Questions | By Gaviota | Last updated: Sep 18, 2022 | Total Attempts: 970

Questions

Settings

Create your own Quiz

A Quiz On Accounting Information System - Quiz

What do you know about accounting information systems? To test your knowledge, try out this quiz on accounting information systems. It will be a knowledge-enhancing quiz for you, where you will check your understanding of the topic and learn many new things. Go for it, check your scores, and accordingly pursue the next step. You will get a perfect score with all the correct answers. All the best! Do share the quiz with others and help them check their knowledge too.

Questions and Answers

1.

Which of the following accurately depicts the components of an accounting information system?
- A.
  
  People, forms, and reports
- B.
  
  People, procedures, and information technology
- C.
  
  People, procedures, and paper
- D.
  
  Procedures, paper, and information technology
- E.
  
  People, paper, and information technology
2.

Identify the two basic strategies noted in the text.
- A.
  
  Low cost producer strategy and high quantity producer strategy
- B.
  
  High quantity producer strategy and loss leader strategy
- C.
  
  Product/service differentiation strategy and loss leader strategy
- D.
  
  Low cost producer strategy and product/service differentiation strategy
3.

Which of the following is not one of the primary activities in the value chain of an organization?
- A.
  
  Marketing and Sales
- B.
  
  Outbound Logistics
- C.
  
  Operations
- D.
  
  Purchasing
- E.
  
  Inbound Logistics
4.

While an accounting information system supports each of the organization's primary activities in the value chain, as well as many of the support activities, it can only be categorized into one of the activities. Into which activity is the accounting information system categorized?
- A.
  
  Purchasing
- B.
  
  Service
- C.
  
  Firm Infrastructure
- D.
  
  Operations
- E.
  
  Technology
5.

What is data?
- A.
  
  All of the facts that are collected, stored, and processed by an information system
- B.
  
  All of the debit and credit information about each transaction
- C.
  
  A character in the Star Trek series
- D.
  
  The same thing as information
6.

The functional organizational structure that organizes the activities of a business around areas of specialization is known as
- A.
  
  Business segment
- B.
  
  Information Technology Function
- C.
  
  Functional segment
- D.
  
  Accounting functional
7.

Who is responsible for recording and reporting the cash flow transactions of a company?
- A.
  
  Accounting department
- B.
  
  Sales department
- C.
  
  Marketing department
- D.
  
  Technology Department
8.

Evolution of information system models are
- A.
  
  Modern model, REA model, Database model
- B.
  
  Technology Data, REA model, Database model
- C.
  
  Manual Data, REA model, Technology model
- D.
  
  Manual Data, REA model, Database model
9.

REA model was developed specifically for use in designing AIS.
- A.
  
  True
- B.
  
  False
10.

What of the following is not a basic types of entity?
- A.
  
  Place
- B.
  
  Resource
- C.
  
  Events
- D.
  
  Agents