quiz 1 - 1. 01026 Theprimaryobjectiveofaccountingisto...

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1. 01-026   The primary objective of accounting is to    Student Response Value Correct Answer Feedback A. implement strong  internal controls.      B. provide useful  information to  decision makers. 100%       C.  prepare financial  statements.      D.  ensure the profitability  of an organization.       Score: 4/4    2. 01-058   A needs-based strategic position involves    Score: 4/4    3. 01-020
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  The primary consideration when producing this type of information is that its benefits exceeds its costs.    Score: 4/4    4. 01-019   Data must be converted into information to be considered useful and meaningful for decision-making. There are  six characteristics that make information both useful and meaningful. If information is free from error or bias and  accurately represents the events or activities of the organization, it is representative of the characteristic of    Score: 4/4    5. 01-065   Companies often purchase an off-the-shelf software package and then hire a programming firm to add  additional capabilities specific to their particular needs. Bodhisattva Software has a partnership agreement with  the manufacturer of a well-known accounting information system for medium-sized businesses. This  relationship provides Bodhisattva with unique access to the system's functionality that allows it to provide 
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services not available from other programming firms. Based on this relationship, Bodhisattva hopes to dominate  the software customization market for the system. Which of the following best describes the strategy and  strategic position of this business?    Score: 0/4    6. 01-035   The value chain concept is composed of two types of activities known as    Score: 4/4    7. 01-051  
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A principal focus of AIS is to assist with the decision-making function of an organization. The degree of support  AIS can provide depends on the type of decision being made. Decisions are categorized in terms of the degree  of existing structure or the effect of their scope. From the items below, select the description that is an example  of a semi-structured decision.    Score: 4/4    8. 01-073   Message left on an answering machine: "Hi Bob! Just got into town. How about dinner this evening if you're  available. Call me!" Which of the following characteristics of useful information is absent in the situation described above?    Score: 0/4   
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9. 01-003
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This note was uploaded on 01/24/2011 for the course COB acct taught by Professor Smith during the Spring '09 term at California Coast University.

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quiz 1 - 1. 01026 Theprimaryobjectiveofaccountingisto...

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