Which modules in an ERP system are likely to contain information about a company’s
plant assets?
A. Supply chain management
B. Financial management
C. Both supply chain management and financial management
D. Neither supply chain management nor financial management
Please refer to the following short case as you respond to the question:
A painter accepts orders for original works from customers in person or via the Internet.
Based on the order, the painter creates an initial sketch, which must be approved by the
customer; the customer may make changes to the initial sketch. After customer
approval, the painter selects appropriate materials and gives the customer a price quote.
If the customer accepts the price quote, the painter creates the original work; if not, the
project is abandoned. The painter stores data about customers, previous orders and
previously completed works in an electronic database.
In a data flow diagram of the case, “create initial sketch” is most likely to be
represented with a:
A. Rectangle
B. Numbered circle
C. Unnumbered circle
D. Some other symbol
SEC filings that use XBRL are labeled in EDGAR as:
A. Instance documents.
B. Interactive data.
C. XBRL documents.
D. XBRL data.
Storage is one generic element of the AIS; the text explains that data stored
electronically often are grouped into three types of files. Which of the following
includes three examples of the same file type?
A. Purchases, cash receipts, sales
B. Inventory, cash receipts, sales
C. Purchases, cash, sales
D. Inventory, cash, sales
TNS Corporation had been doing business via traditional brick-and-mortar methods for
many years, then decided to expand into e-business. Based on the benefits and costs of
e-business listed in the text, which of the following numbers is likely to increase?
A. Sales
B. Profits
C. Prepaid assets
D. Retained earnings
Which of the following occurs first in Steps for Better Thinking?
A. Exploring
B. Envisioning
C. Knowing
D. Identifying
Compromised data and tagging errors are most closely associated with which element
of the COSO enterprise risk management framework?
A. Objective setting
B. Internal environment
C. Risk assessment
D. Monitoring
Accounting information systems have five generic elements. Which of the following
pairs includes two examples of the same element within the context of the
acquisition/payment process?
A. Purchase order and schedule of accounts payable
B. Purchase order and adequate documentation
C. Schedule of accounts payable and adequate documentation
D. All of these
Which of the following sets includes examples of the same element of financial
statements?
A. Accounts payable, deferred revenue, prepaid wages
B. Accounts receivable, deferred revenue, prepaid wages
C. Accounts payable, deferred revenue, wages payable
D. Deferred revenue, wages payable, prepaid wages
A company wants to prepare a schedule of assets that separates current and long-term
assets, as well as reports relevant dollar amounts. Which type of AIS could the company
use to prepare such a schedule?
A. View-driven
B. Event-driven
C. Either view-driven or event-driven
D. Neither view-driven nor event-driven
Which of the following are conditions commonly associated with a successful ERP
implementation?
A. Obtaining organizational commitment
B. Communicating strategic goals clearly
C. Both obtaining organizational commitment and communicating strategic goals
clearly
D. Neither obtaining organizational commitment nor communicating strategic goals
clearly
Refer to the illustrations below as you answer the question:
If the partial flowchart were converted to a data flow diagram, which of the following
would most closely represent it?
A. Diagram A
B. Diagram B
C. Diagram C
D. Diagram D