Bus 319 Midterm Fall 2025

Verifiable

Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records. The audit has been unable to reproduce financial reports that were prepared by Sam. While there is no evidence of wrongdoing, the auditors are concerned that the discrepancies might contribute to poor decisions. Which of the following characteristics of useful information is absent in the situation described above? 

Information is the primary output of an accounting information system 

Which of the following statements below shows the contrast between data and information?

Complete

Information that does not omit important aspects of the underlying events or activities that it measures is

Revenue

Updating accounts receivable is part of which transaction?

Customer

Identify the party below that is not internal to the firm

CEO

Identify the party that is not external to the firm

Service

A value chain typically consists of 5 primary activities that can directly provide value to customers. The activities that help to provide post-sale support to customers represent

Inbound logistics

Clemente Santiago has formed a business that sells carved gourmet coconuts. He has hired 5 employees. The most senior is Mary, who manages the carving process. Jane is the newest employee. She collects the coconuts. Joe takes calls from unhappy customers. Tom tosses finished coconuts into the sea, sending them to the wholesaler. Annie sends letters to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Jane performing?

Operations

Clemente Santiago has formed a business that sells carved gourmet coconuts. He has hired 5 employees. The most senior is Mary, who manages the carving process. Jane is the newest employee. She collects the coconuts. Joe takes calls from unhappy customers. Tom tosses finished coconuts into the sea, sending them to the wholesaler. Annie sends letters to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Mary performing?

Organizational culture

A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the

Goal Conguence

When a subsystem achieves its goals while contributing to the organization’s overall goal, it is called

Data that has been organized and processed so that it is meaningful to the user

Information is best described as

Complete

In 2015, Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information. The intention was to increase production efficiency. Unfortunately, it had the opposite effect, as deliveries fell behind schedule and costs increased. Shaman Gupta, the director of Information services, asked Ashlee Wells to come in talk with him about the system. Ashlee is a long-term employee of in and talk with him about the system. Ashlee is a long-time employee of Singh, and her opinion is valued by her peers and by her supervisor. “So Ashlee, how’s it going down there in the shop?”
“Not so good, Shaman. Used to be we got a weekly pick list, so we knew how to plan production. Now, we got that computer system. Most of the time we can’t get all the information that we need. Is there some way to print out a list that has everything we need?”
Shaman thought for a while before responding. “Well, Ashlee, to tell you the truth, I’m not so sure how to do it myself, but there must be a way. We’ll bring in the consultants that helped us build the system. Maybe they can help.”
Which of the following characteristics of useful information is absent in the situation described above?

Revenue

Updating accounts receivable is part of which transaction cycle? 

The revenue cycle

In which transaction cycle would information for initiating back orders for out of stock goods be most likely to pass between internal and external accounting information systems?

Job descriptions

Identify the piece of information below that is typically needed to hire and train employees

Hardware

Which of the following is not one of the components of an AIS?

Operations

A value chain typically consists of 5 primary activities that can directly provide value to customers. The activities that help to transform inputs into final products or services represent

Service

Clemente Santiago has formed a business that sells carved gourmet coconuts. He has hired 5 employees. The most senior is Mary, who manages the carving process. Jane is the newest employee. She collects the coconuts. Joe takes calls from unhappy customers. Tom tosses finished coconuts into the sea, sending them to the wholesaler. Annie sends letters to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Joe performing?

Outbound Logistics

Arranging delivery of products to customers constitutes ______ in value chain analysis