Accounting information systems a$.$ are always computerized. b$.$ report only financially related information. c$.$ are information systems that record, process, and report on transactions to provide financial and nonfinancial information for decision making and control. d$.$ require a CITP designation to understand. $2.($LO $1-1)$ Which of the following is a characteristic of relevance? a$.$ Materiality b$.$ Timeliness c$.$ Verifiable d$.$ Cost to generate $3.($LO $1-2)$ 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 $4.($LO $1-4)$ 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. $5.($LO $1-8)$ Which system contributes information on direct labor to a cost accounting system? a$.$ Supply chain management system $($SCMS$)$ b$.$ Financial reporting system $($FRS$)$ c$.$ Customer Relational Management System $($CRM$)$ d$.$ Human resource management system $($HRMS$)$