accounting information system

Part I Write true if the statement is correct and writes false if you find it wrong (1.5 Pts each) 1. Accountants use documentation at least to understand how the system works and to evaluate the strengths and weaknesses of an entity's internal controls. 2. In a data base design process, economic feasibility study is made to ensure that the system is possible in terms of skills and the knowhow. 3. Relational databases are the most popular type of database used for transaction processing trough representation of a system in a tabular form. 4. In a value adding chain activities, AIS serves as an activity in the inbound logistics. 5. The financial cycle includes the events of obtaining funds from customers and creditors and paying back them. Part II. Multiple Choice Questions: Choose the Best Answer from the Given Alternatives (1.5 pts. each) 1. In the value chain concept, upgrading IT is considered what kind of activity? A. primary activity B. support activity C. service activity Structured activity 2. In which cycle does a company ship goods to customers? B. a production cycle B. financing cycle C. Revenue cycle D. expenditure cycle 3. Which of the following is a function of 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 4. A firm, its suppliers, and its customers collectively form which of the following? A. supply chain B. value chain C ERP system D.AIS 5. A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process? A. paying vendors B. acquiring inventory C. selling merchandise D. paying employees