1. Accounting information systems: a. are always computerized. b. report only financially related information. c. are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control. d. require a CITP designation to understand. 2. Which of the following is acharacteristic of relevance?

a. Materiality b. Timeliness c. Verifiable d. Cost to Generate

3. Which of the following is considered to be mandatory information required by a regulatory body?

a. 10-Q submission to the Securities and Exchange Commission b. The cost to produce a Samsung Galaxy c. The number of organic bananas that are sold at Whole Foods on July 28 d. The cost to build an all-new Starbucks restaurant in Shenzhen, China

4. The correct order of events in the value chain is: a. Inbound logistics Operations Service. b. Inbound logistics Outbound logistics Marketing and Sales. c. Inbound logistics Operations Outbound logistics. d. Inbound logistics Operations Marketing and Sales.

5. What designation would be most appropriate for those professionals possessing IT audit, control, and security skills? a. Certified Public Accountant (CPA) b. Certified Management Accountant (CMA) c. Certified Information Technology Professional (CITP) d. Certified Information Systems Auditor (CISA)

6. A supply chain:

a. supplies jewelry chains. b. refers to the flow of materials, information, payments, and services. c. is similar in function and purpose to the value chain. d. does not apply to a service firm like an accounting firm.

7. Customer relationship management software doesnotinclude information about:

a. current customers. b. prospective customers. c. former customers. d. current employees.

8. AIS strategic roles of AIS investments are classified as:

a. automate, informate, transform. b. value creation, value destruction, value neutral. c. digitize, report, transform. d. automate, digitize, transport.

9. According to a recent study, the AIS strategic role that has the greatest impact on shareholder value is: a. informate. b. digitize. c. automate. d. transform.

10. The balance sheet account most likely affected by an AIS investment in supply chain management software would be: a. inventories. b. fixed assets. c. cash and cash equivalents. d. unearned revenue.

11. The software/system that helps make sure the retail firm doesn't have a stockout is:

a. supply chain management software. b. customer relationship management software. c. enterprise systems. d. human resource systems.

12. Customer relationship management software would be most likely to affect which income statement account? a. Selling, General, and Administrative Expenses (SG&A) b. Interest Expense c. Revenues d. Cost of Goods Sold

13. Customer Relationship Management systems would generally be considered to be an:

a. internal business process. b. external business process. c. interior business process. d. exterior business process.

14. An auditor testing internal controls would generally be considered to fill which role with respect to accounting information systems? a. User b. Manager c. Designer d. Evaluator

15. Which of these represents the proper transformation from data to decision according to the information value chain? a. Data Information Knowledge Decision b. Data Knowledge Information Decision c. Data Business Event Information Decision d. Data Analysis Information Decision

16. Which of the following is not a role of the accounting function in business?

a. Financial close b. Regulatory compliance c. Project management d. Using IT to make finance and accounting processes more efficient e. All of the above are roles of the accounting function.

17. Which of the following is not an example of business process documentation?

a. Business process models b. Training manuals c. Organization charts d. Internal audit e. All of the above are examples of business process documentation.

18. Which of the following is not a purpose of business process documentation?

a. Facilitating process improvement b. Specifying accountability c. Training d. Supporting internal audit e. All of the above are purposes of business process documentation. 19. Which of the following best describes the value of business models?

a. A communication tool b. A planning tool c. A process improvement tool d. A tool for managing complexity e. All of the above

20. Which of the following describes how participants in a process are identified in BPMN?

a. Message flows b. Swimlanes c. Pools d. Gateways e. Both b and c f. Both a and d

21. Which of the following statements about BPMN is not true?

a. Arrows represent sequence flows. b. The BPMN specification is maintained by the Object Management Group (OMG). c. Events are modeled with a circle symbol. d. Annotations allow the modeler to add descriptive text. e. All of the above are true.

22. Which of the following describe characteristics of good BPMN models?

a. They are clear. b. They are complete. c. They are consistent. d. They are correct. e. All of the above

23. Which of the following statements about sequence flows is not true?

a. Sequence flows are continuous from the start event through activities and gateways, if any, to an end event in a pool. b. Sequence flows may not cross pool boundaries. c. Sequence flows may not cross lane boundaries. d. Tokens move along sequence flows. e. None of the above

24. Which of the following best describes message flows? a. Message flows are continuous within each pool. b. Message flows are modeled with solid arrows. c. Message flows represent exchanges between pools. d. Message flows may not cross pool boundaries. e. Message flows may not cross lane boundaries. 25. Which of the following is not true about the token concept?

a. The token concept is a theoretical concept that describes process flow. b. The start event generates a token. c. The end event consumes the token. d. Tokens do not traverse message flows. e. All of the above are true.

26. Which of the following is not a flow object?

a. Gateways b. Message events c. Activities d. Message flows e. Timer events

27. Which of the following best describes an exclusive gateway?

a. The only gateway in a BPMN diagram b. A gateway that does not connect to message flows c. A gateway with only one exit path per instance of a process d. A gateway where all exit paths are taken for each instance of a process e. None of the above

28. Which of the following best describes an inclusive gateway? a. The gateway that is shared among two pools b. A gateway with one or more exit paths per instance of a process c. A gateway with only one exit path per instance of a process d. A gateway where all exit paths are taken for each instance of a process e. None of the above

29. Which of the following best describes a data object? a. It is modeled with a document icon. b. It represents data that are only available for the duration of the process. c. It is linked to tasks with data associations. d. It is different from a datastore. e. All of the above describe data objects.

30. Which of the following are true with respect to data associations?

a. It is modeled as a dotted arrow. b. The association arrowhead shows the direction of data flow. c. Tokens flow across data associations. d. Gateways can be used to show optional data updates. e. Both a and b are true.