Info
Warning
Danger

Study Resources (Accounting)

21) Automation of a process activity consists of moving work from the ________ to the ________ of the symmetrical five-component framework. A) computer side; human side B) data side; procedures side C) human side; computer side D) software side; hardware side 22) Information is defined as ________. A) recorded facts and figures B) data that fits into.
11 Views
View Answer
11) Creating and testing promising new alternatives, consistent with available resources is an example of ________. A) experimentation B) abstraction C) systems thinking D) collaboration 12) ________ is the ability to make and manipulate models. A) Abstract reasoning B) Systems thinking C) Social learning D) Experimentation 13) ________ is the ability to model the components of a unit, to connect.
15 Views
View Answer
21) Accurate information is information that is based on correct and complete data, and has been processed correctly as expected. 22) Just barely sufficient information is information that is sufficient for the purpose for which it is generated, but only so. 23) A well-formatted report is characteristic of good information. 24) Relevant information.
8 Views
View Answer
10) Define management information systems. What are the key elements of its definition? 11) Other than development tasks, what are the other roles than you will need to undertake in the use of information systems? 12) What are the points one needs to keep in mind when deciding to implement a management.
7 Views
View Answer
Essay 1) What is a business process? Define activities. 2) List the components of a business process. 3) Briefly describe a repository. 4) What are resources in a business process? 5) Describe the process of automation against the background of the five-component framework of an information system. .
7 Views
View Answer
True or False 1) Competitive strategy determines an organization's value chain. 2) Porter originally developed the five forces model in order to understand organizations' competitive environment. 3) According to Porter's five forces model, a company is profitable if all the five competitive forces are strong. 4) The bargaining power of competitors is one of.
5 Views
View Answer
Multiple Choice 1) The competitive strategy followed by an organization is derived from its ________. A) function B) structure C) profits D) goals 2) The competitive strategy of an organization determines its ________. A) industry rivals B) short-term goals C) value chains D) structure 3) In which of the following situations would the suppliers have the strongest bargaining power? A).
18 Views
View Answer
47) After creating new customers and entering beginning balances, the report that displays information so you can review for accuracy is called the: A) Customer Contact List. B) Aged Payables report. C) Accounts Receivables Journal. D) Sales Accounts. 48) If you need to add additional vendors after setting up the new company then open the.
6 Views
View Answer
37) The Company Preferences tab under Items & Inventory allows you to do all the following EXCEPT: A) activate inventory and purchase orders. B) warn about duplicate purchase order numbers. C) enter the Job status description. D) warn if not enough inventory quantity on hand to sell. 38) The Payroll & Employees tab under Preferences.
6 Views
View Answer
21) Porter's model of business activities includes linkages, which are interactions across value activities. 22) Firm infrastructure excludes general management, finance, accounting, legal, and government affairs. 23) Business processes implement value chains or portions of value chains. 24) Supporting activities contribute to a margin and are easier to calculate than primary activities. 25) Manufacturing.
5 Views
View Answer
11) The outermost components of the symmetrical five-component framework of an IS are data and procedures. 12) In the five-component framework of an IS, the actors are hardware and people. 13) Software and procedure components are both sets of instructions, in the IS framework. 14) Procedures act as the bridge between the computer.
9 Views
View Answer
6) Define information. 7) Explain data with an example. 8) Define accurate information. Why is an information system providing accurate information crucial to an organization? 9) Explain the importance of timeliness of information in an organization. 10) In some cases, developing systems that provide information in near real time is much more difficult.
13 Views
View Answer
31) Which of the following is an essential characteristic of a strong password? A) It should have at least 12 characters. B) It should contain a complete dictionary word. C) It should not contain many special characters. D) It should not contain your user name or company name. 32) You have created a password which.
8 Views
View Answer
31) An individual buying a computer program ________. A) accrues liability for the usage of the program B) can install the program on multiple computers C) just buys a license to use the product D) can also use most other programs using the license 32) ________ is a form of hardware/software leasing in which organizations.
7 Views
View Answer
11) According to Porter, to be effective the organization's goals, objectives, culture, and activities must be consistent with the organization's strategy 12) A business that selects a differentiation strategy would structure itself around least-cost activities. 13) Organizations analyze the structure of their industry, and, using that analysis, they formulate a competitive strategy. 14).
6 Views
View Answer
11) Define relevant information. Explain the importance of relevant information in an organizational context. 12) Explain the importance of just barely sufficient information in the information age we live in. 13) What are the costs associated with information? When is information considered to be worth its cost? 14) List the two major benefits.
8 Views
View Answer
Multiple Choice 1) "The number of transistors per square inch on an integrated chip doubles every 18 months." This observation is known as ________ Law. A) Murphy's B) Moore's C) Amdahl's D) Metcalfe's 2) Which of the following statements best describes Moore's Law? A) A computer becomes obsolete within 18 months. B) The number of transistors per square.
16 Views
View Answer
Essay 1) Briefly describe how organizational strategy determines the structure of information systems. 2) Describe Porter's five forces model. 3) What are the four competitive strategies based on Porter's five forces model? 4) How does competitive strategy determine value chain structure? .
6 Views
View Answer
9) Explain value chain linkages. 10) How did Porter define technology, human resources and firm infrastructure? 11) Describe the support activities in a value chain. 12) What is the criterion on which business processes should run? 13) How can one develop competitive strategies using products? How can information systems help in the process? .
7 Views
View Answer
57) QuickBooks payroll options include: A) manual payroll. B) QuickBooks payroll. C) both A and B. D) none of the above. 58) To begin setting up manual payroll for the new company, select: A) Employees>>Payroll Setup. B) Employee Defaults. C) Employees>>History. D) Employees>>Reports>>List. 59) When setting up payroll, you can set the employee insurance options of: A) My company does not.
7 Views
View Answer
17) QBP's wizards for starting a new company include: A) creating the chart of accounts. B) creating customer and vendors. C) creating inventory and employees. D) all the above. 18) QBP's new company Data File Wizard can be access by selecting: A) File>>New Company. B) File>>Company>>New Company. C) File>>New Company Setup. D) File>>Setup>>New Company. 19) When creating a new company,.
13 Views
View Answer
21) Collecting, storing, and physically distributing the product to buyers describes which of the following primary activities? A) inbound logistics B) sales and marketing C) outbound logistics D) operations/management 22) Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities? A) inbound logistics B) sales.
8 Views
View Answer
Multiple Choice 1) Which device listed below is an example of an output hardware device? A) keyboard B) flatbed plotter C) CPU D) magnetic disk 2) Which of the following is considered to be input hardware? A)  keyboard B) video display C) speakers D)  plotter 3) Which of the following is sometimes called the "brain" of the computer? A) magnetic disk B) special.
18 Views
View Answer
Multiple Choice 1) A(n)________ is a network of activities, roles, resources, repositories, and data flows that interact to accomplish a business function. A) workgroup B) task force C) grid D) business process 2) ________ are collections of related tasks that receive inputs and process those inputs to produce outputs. A) Repositories B) Resources C) Activities D) Databases 3) In a.
28 Views
View Answer
True or False 1) Hardware consists of electronic components and related gadgetry that input, process, output, and store data according to instructions encoded in computer programs or software. 2) Printers are examples of output hardware. 3) A flatbed plotter is an example of an input device. 4) The CPU selects instructions, processes them, performs.
7 Views
View Answer
11) A(n) ________ is a collection of business records. A) repository B) role C) activity D) resource 12) Which of the following components of a business process holds the collective memory of an organization? A) decisions B) resources C) repositories D) activities 13) ________ are shown as scrolls in a business process flowchart. A) Roles B) Resources C) Decisions D) Repositories 14) What is the.
13 Views
View Answer
5) What is collaboration? How can one ensure effective collaboration? 6) What is experimentation? Explain its importance. 7) Describe an information system. 8) Describe the five components of an information system using an example. 9) Do you think a computer is an essential component of an information system? Why or why not? .
8 Views
View Answer
27) To customize the Chart of Accounts to use account numbers, select Edit>>Preferences>>Company Preferences and mark the: A) setup Trial Balance option. B) Create account numbers option. C) Use report general ledger option. D) Use account numbers option. 28) You can edit the following fields on an existing general ledger account: A) Account Type and Account.
9 Views
View Answer
21) Business professionals should look at information systems and technologies only through the lens of business need. 22) Information systems can be bought whereas information technology cannot. 23) Strong passwords have five or more characters. 24) Good passwords contain a complete dictionary word. 25) The "do-si-do" move refers to the password etiquette one must.
11 Views
View Answer
Multiple Choice 1) The purpose of a database is to ________. A) use special technology to monitor a single theme B) design, write, test, troubleshoot, and maintain the source code of computer programs C)  use a logical data model of information to describe and build architectures D) keep track of things that involve more than.
20 Views
View Answer