AIS Exam 2025 With 100% Correct
Answers
Which of the following statements below show the contrast between data and information?
a. data and information are the same
b. information is the primary output of an accounting information system
c. data is more useful in decision making than information
d. data is the primary output of an accounting information system - CORRECT
ANSWER✔✔Information is the primary output of an accounting information system
information is best described as - CORRECT ANSWER✔✔data that has been organized and
processed so that it is meaningful to the user.
the value of information can best determined by - CORRECT ANSWER✔✔the benefits
associated with obtaining the information minus the cost of producing it
_____ information reduces uncertainty, improves decision-makers' ability to make predictions,
or confirms expectations - CORRECT ANSWER✔✔relevant
information that does not omit important aspects of the underlying events or activities that it
measures is - CORRECT ANSWER✔✔complete
Before a firm can identify the information needed to effectively manage a process, the firm
must - CORRECT ANSWER✔✔understand the process
, in which transaction cycle would customer sales transaction information be most likely to pass
between internal and external accounting information systems? - CORRECT ANSWER✔✔the
revenue cycle
the ______ is not a transaction cycle - CORRECT ANSWER✔✔general ledger and reporting cycle
the transaction cycle that includes product design is known as the - CORRECT
ANSWER✔✔production cycle
An accounting information system must be able to perform which of the following tasks?
a. process transaction data
b. collect transaction data
c. provide adequate controls
d. all of the above - CORRECT ANSWER✔✔all of the above
When the AIS provides information in a timely and accurate manner, it stands as an example of
a. improving efficiency
b. improving the quality and reducing the costs of products or services
c. improved decision making
d. all of the above - CORRECT ANSWER✔✔all of the above
accounting information plays major roles in managerial decision making by
a. reducing uncertainty
b. providing a basis for choosing among alternative actions
c. identifying situations requiring management action
d. all of the above - CORRECT ANSWER✔✔all of the above
Answers
Which of the following statements below show the contrast between data and information?
a. data and information are the same
b. information is the primary output of an accounting information system
c. data is more useful in decision making than information
d. data is the primary output of an accounting information system - CORRECT
ANSWER✔✔Information is the primary output of an accounting information system
information is best described as - CORRECT ANSWER✔✔data that has been organized and
processed so that it is meaningful to the user.
the value of information can best determined by - CORRECT ANSWER✔✔the benefits
associated with obtaining the information minus the cost of producing it
_____ information reduces uncertainty, improves decision-makers' ability to make predictions,
or confirms expectations - CORRECT ANSWER✔✔relevant
information that does not omit important aspects of the underlying events or activities that it
measures is - CORRECT ANSWER✔✔complete
Before a firm can identify the information needed to effectively manage a process, the firm
must - CORRECT ANSWER✔✔understand the process
, in which transaction cycle would customer sales transaction information be most likely to pass
between internal and external accounting information systems? - CORRECT ANSWER✔✔the
revenue cycle
the ______ is not a transaction cycle - CORRECT ANSWER✔✔general ledger and reporting cycle
the transaction cycle that includes product design is known as the - CORRECT
ANSWER✔✔production cycle
An accounting information system must be able to perform which of the following tasks?
a. process transaction data
b. collect transaction data
c. provide adequate controls
d. all of the above - CORRECT ANSWER✔✔all of the above
When the AIS provides information in a timely and accurate manner, it stands as an example of
a. improving efficiency
b. improving the quality and reducing the costs of products or services
c. improved decision making
d. all of the above - CORRECT ANSWER✔✔all of the above
accounting information plays major roles in managerial decision making by
a. reducing uncertainty
b. providing a basis for choosing among alternative actions
c. identifying situations requiring management action
d. all of the above - CORRECT ANSWER✔✔all of the above
