1. Decreases uncertainty, enhances ability to make decisions, or confirms or fixes
earlier expectations?
a. Reliable
b. Timely
c. Verifiable
d. Relevant
2. Two independent, knowledgeable people produce the same information?
c. Reliable
d. Timely
c. Verifiable
d. Understandable
3. A business cycle that includes purchasing of raw materials?
a. Revenue Cycle
b. Expenditure Cycle
c. Financing Cycle
d. Production Cycle
4. It includes forecasting, planning, and making schedule for production?
a. Production Cycle
b. Financing Cycle
c. Payroll Cycle
d. Expenditure Cycle
5. A business cycle where the organization generate funds?
a. Payroll Cycle
b. Expenditure Cycle
c. Financing Cycle
d. Production Cycle
6. Collect and validate time, attendance, and commission data?
a. Financing Cycle
b. Expenditure Cycle
c. Revenue Cycle
d. Human Resources Cycle
7. ______________ are facts that are collected, recorded, stored, and processed by
an information system?
a. Data
b. AIS
c. Information
d. System
8. The Value Chain composed of?
a. Primary and Secondary Activities
b. Primary and Support Activities
c. Supply and Value
d. Support and Technology
9. It is a process where a value is added as a product passes through series of
activities?
a. Accounting Information System
c. System
b. Value Chain
d. Support Chain
10. A business cycle where we pay dividends to investors and interest to lenders?
c. Revenue Cycle
d. Expenditure Cycle
c. Human Resources Cycle
d. Financing Cycle
11. Which of the following is not a component of AIS?
e. Security Measures
f. Software
c. People
d. None of the Above
12. Which of the following is correct with regards on how an ais can add value to an
organization?
a.
b.
c.
d.
Improving the quality and increasing the costs of products or services
Improving the efficiency and effectiveness of its supply chain
Both A & B
None of the Above
13. The following are factors that affects AIS, except?
a. Organizational Culture
b. Business Strategy
c. Information Technology
d. None of the Above
14. Which of the following is a primary activity in the value chain?
c. Accounting
d. Post-sale Service
c. Human Resource Management
d. Purchasing
15. In which cycle the company purchase good from supplier?
a. Revenue Cycle
b. Expenditure Cycle
c. Financing Cycle
d. Human Resources Cycle
16. When the AIS provides information in a timely and accurate manner, it stands as
an example of?
a.
b.
c.
d.
Improved decision making
Providing a channel to share knowledge and expertise.
Reducing Cost
All of the above
17. Who of the following would not be involved in the revenue cycle?
a. Customer
c. Credit manager
b. Investors
d. Cashier
18. AIS collects, recorded and process ___________, to provide _____________ which
will be use to provide meaning and improve the decision-making process?
a. Data ; System
b. Data ; Information
c. Information ; System
d. Information ; Data
19. It refers to tools and systems designed for the collection and display of
accounting information so accountants and executives can make informed
decisions?
a. GAAP
b. Accounting Information System
c. Financial Reports
d. PFRS
20. Identify the primary reason that it is important for a firm to identify the AIS
improvements likely to yield the greatest return.
a.
b.
c.
d.
because it is expensive to improve accounting information systems
because a firm never wants to waste time addressing issues that are not urgent
because business strategy directly influences AIS, but not information technology
because most organizations have limited resources
21. The activity of shipping the product to the customers?
a. Inbound logistics
b. Post-sale support
c. Outbound logistics
d. Marketing and Sales
22. It includes peripheral devices, and network communications devices used in the
AIS?
a. Information technology infrastructure
b. People
c. Software
d. Internal controls
23. ____________ is the information-providing vehicle of the language of business?
a. Accounting standard
b. Accounting Information System
c. ERP System
d. Regulatory Bodies
24. Which of the following is not a function of an AIS?
e.
f.
g.
h.
allocating organizational resources
automating all decision making
reducing the need to identify a strategy and strategic position
All of the above
25. ______________ are example of activities constitute inbound logistics?
a. Receiving, storing, and distributing the materials an organization uses to create
the services and products it sells
b. Help customers buy the organization’s products or services
c. Provide post-sale support to customers
d. All of the above
26. Paying state payroll taxes is part of which transaction cycle?
a. Revenue Cycle
b. Expenditure Cycle
c. Financing Cycle
d. Human Resources Cycle
27. Information Technology affects the following, except?
a. AIS
b. Business Strategy
c. Organizational Culture
d. All of the following is affected by IT
28. It safeguards the Accounting Information System?
c. Internal Controls
d. Security Measures
c. Both A and B
d. Accountant
29. It is the component who are using and managing the AIS?
e. People
f. Internal Control Officer
c. Accountant
d. Management
30. ________________ is the accounting, finance, legal, and general administration
activities that allow an organization to function.?
g. Firm Infrastructure
h. Technology
c. Human Resources
d. Management