1.Data differ from information in which way?

a.Data are output.

b.Information is ou tput and data are input

c.Data are meaningful bits of information

d.There is no difference

2.Which of the following i s not a characteristic that makes information useful?

a.It is reliable

b.It is timely

c.It is inexpensive

d.It is relevant

3.Which of the following i s a primary activity in the value chain?

a.purchasing

b.accounting

c.post sales service

d.human resource management

4.Top management continually emphasizes and supports investments designed to improve the efficiency of the manufacturing process. Such a focus most likely reflects the pursuit of which type of basic business strategy?

a.product differentiation

b.low-cost

c.needs-based

5.Which of the following i s not a means by which information improves decision making?

a.increasing information overload

b.reducing uncertainty

c.providing feedback about the effectiveness of prior decisions

d.identifying situations requiring management action

6.In the value chain concept, upgrading IT is considered what kind of activity?

a.primary activity

b.support activity

c.service activity

d.structured activity

7.Lower-level management employees are most likely to make which of the following decisions?

a.structured decisions involving strategic planning

b.unstructured decisions involving managerial control

c.structured decisions involving operational control

d.unstructured decisions involving strategic planning

8.Which of the following is a function of an AIS?

a.reducing the need to identify a strategy and strategic position

b.transforming data into useful information

c.allocating organizational resources

d.automating all decision making

9.A firm, its suppliers, and its customers collectively form which of the following?

a.supply chain

b.value chain

c.ERP system

d.AIS

10.A company that focuses its marketing efforts on a specific subset of the population (e., college students) is probably pursuing which type of strategic position?

a.variety-based

b.needs-based

c.access-based

d.low-cost

11.Which transaction cycle includes interaction between an organization and its suppliers?

a.revenue cycle

b.expenditure cycle

c.human resources/payroll cycle

d.general ledger and reporting system

12.All of the information (name, GPA, major, etc.) about a particular student is stored in which of the following?

a.file

b.record

c.attribute

d.field

13.Which of the following would contain the total value of all inventory owned by an organization?

a.source document

b.general ledger

c.cash budget

14.Which of the following is most likely to be a general ledger control account?

a.accounts receivable

b.petty cash

c.prepaid rent

d.retained earnings

15.Which of the following is the most useful for projecting the need for short-term borrowing?

a.income statement

b.performance report

c.cash budget

d.balance sheet

16.What report expresses goals in financial terms?

a.performance report

b.financial statement

c.budget

d.chart of accounts

17.How does the chart list general ledger accounts?

a.alphabetical order

b.chronological order

c.size order

d.the order in which they appear in financial statements

18.In which cycle does a company ship goods to customers?

a.production cycle

b.financing cycle

c.revenue cycle

d.expenditure cycle

19.What are records of company data sent to an external party and then returned to the system as input called?

a.turnaround documents

b.source data automation documents

c.source documents

d.external input documents

20.Recording and processing information about a transaction at the time it takes place referred to as which of the following?

a.batch processing

b.online, real-time processing

c.captured transaction processing

d.chart of accounts processing

21.A DFD is representation of which of the following?

a.relationship among modules, data, and programs of an AIS

b.flow of data in an organization

c.decision rules in a computer program

d.computer hardware configuration

22.Documentation methods such as DFD's and flowcharts save both time and money, adding value to an organization

a.true

b.false

23.Which of the following statements is false?

a.Flowcharts make use of many symbols

b.A flowchart emphasizes the flow of documents or records containing data.

c.DFDs help convey the timing of events

d.Both a and b are false

24.A DFD consists of the following four basic elements: data sources and destinations, data flows, transformation processes, and data stores. Each is represented on a DFD by a different symbol

a.true

b.false

25.Which of the following is not one of the guidelines that should be followed in naming DFD data elements?

a.Process names should include action verbs such as update, edit, prepare, and record

b.Make sure the names describe all the data or the entire process

c.Name only the most important DFD elements

d.Choose active and descriptive names.