Question 1

                          

A well-designed AIS can improve the decision-making function within the organization. Which statement below would describe a limitation, rather than a benefit, of an efficient AIS?                                           

 

Question 2 

                          

The transaction cycle that includes the events of hiring employees and paying them is known as the                                             

 

Question 3

 

Paid time-off policies, job descriptions, and procedures manuals are examples of information needed to support key decisions in what business process?                                          

                                                             

Question 4

 

Which of the following is a primary activity in the value chain?                                             

 

                                                 

Question 5

 

The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle?                                            

                                                             

Question 6

 

Changing an employee’s hourly wage rate would be recorded in which file?                                                  

                                                             

Question 7

 

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account, it is assumed that                                                  

                                                             

Question 8

Which of the following is conceptually similar to a journal in a manual AIS?                                                 

                                                             

Question 9

 

In an ERP system, the module used to record data about transactions in the revenue cycle is called          

 

                                                 

Question 10

 

An audit trail                                         

                                                             

Question 11

 

 In general, a data destination will be shown by          

                                                             

Question 12 

                          

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls. He decides to begin with a description of the information stored in paper records, their sources, and their destinations. The documentation tool that he should employ for this purpose is a                                         

                                                             

Question 13

 

In a payroll processing DFD, the “prepare reports” activity will be represented by ________, the “employee payroll file” will be represented by ________, and the “management” will be represented by ________.      

                                                             

Question 14

 

The correct label for Shape 2 in the flowchart below is  

                                                             

Question 15

 

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the transfer of data to eBay in a context diagram of this process?                                              

                                                             

Question 16

 

Most frauds are detected by                                         

                                                             

Question 17

 

Which characteristic of the fraud triangle often stems from a lack of internal controls within an organization?                                            

                                                             

Question 18

 

Why is computer fraud often more difficult to detect than other types of fraud?                           

             

Question 19

 

Which of the following is a financial pressure that could cause an employee to commit fraud?                                 

                                                             

Question 20

 

One fraudulent scheme covers up a theft by creating cash through the transfer of money between banks. This is known as                                             

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