AC571 Week 3 Quiz 1 - Question: (TCO A) Data are: Your...

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Question: (TCO A) Data are: Your Answer: facts entered, stored, and processed by an information system CORRECT processed output that is useful to decision makers another word for information quantitative facts that are not qualitative by nature Instructor Explanation: Chapter 1, page 5 Points Received: 2 of 2 2. Question: (TCO A) Which of the following is not an example of a common activity in an AIS? Your Answer: buy and pay for goods and services sell goods and services and collect cash summarize and report results to interested parties recording of sales calls for marketing purposes CORRECT Instructor Explanation: Chapter 1, page 7 Points Received: 2 of 2 3. Question: (TCO A) Groups of related business activities such as the acquisition of merchandise and payment of vendors are called Your Answer: transaction cycles CORREC T economic cycles business events transactions Instructor Explanation: Chapter 2, page 31 Points Received: 2 of 2 4. Question: (TCO A) Phlogiston Pharmaceuticals, Ltd., is a manufacturer of generic drugs with a worldwide market for its products. In order to determine the amount of each drug to produce, it is essential that the following be available on a timely basis: Your Answer: cash flow projections Pro-forma income statements Demand forecasts CORRECT Accounts receivable records Instructor Explanation: Chapter 2, page 45 & 46 "Forms of Information Output and Purpose of Output" Points Received: 2 of 2 5. Question: (TCO A) A graphical representation of the flow of documents and information between departments or areas of responsibility within an organization is called Your Answer: a data flow diagram INCORRECT a document flowchart CORRECT ANSWER a system flowchart a program flowchart
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This note was uploaded on 06/16/2011 for the course ACCT 571 taught by Professor Hierbaum during the Spring '11 term at Keller Graduate School of Management.

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AC571 Week 3 Quiz 1 - Question: (TCO A) Data are: Your...

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