MSU ACC 3003 Systems 1 Exam 1

What are accounting information systems?

Accounting information systems are systems that record, process, and report on transactions to provide financial and nonfinancial information for decision making and control.

Which of the following is a characteristic of relevance?

Feedback value

Which of the following is considered to be mandatory information required by a regulatory body?

10-Q submission to the Securities and Exchange Commission

What is the correct order of events in the value chain?

Inbound logistics ➞ Operations ➞ Outbound logistics

What designation is appropriate for professionals with IT audit, control, and security skills?

Certified Information Systems Auditor (CISA).

What is a supply chain?

A supply chain refers to the flow of materials, information, payments, and services.

What information does customer relationship management software not include?

current employees.

What are the strategic roles of AIS investments?

automate, informate, and transform.

Which AIS strategic role has the greatest impact on shareholder value?

transform.

What balance sheet account is affected by AIS investment in supply chain management software?

inventories.

What software helps prevent stockouts in retail?

Supply chain management software

Which income statement account does customer relationship management software affect?

Revenues.

How are Customer Relationship Management systems classified?

external business process

What role does an auditor testing internal controls fill?

Evaluator.

What is the proper transformation from data to decision?

Data ➞ Information ➞ Knowledge ➞ Decision.

Which of these is not a role of the accounting function in business?

All choices are roles of the accounting function

What is not an example of business process documentation?

Internal audit

What is not a purpose of business process documentation?

All choices are purposes of business process documentation

What best describes the value of business models?

All choices

How are participants in a process identified in BPMN?

Swimlanes and Pools.

What symbol represents a gateway in BPMN?

A diamond shape

What symbol represents sequence flow in BPMN?

a solid arrow

Which statement about BPMN is not true?

All of the choices are true regarding BPMN.

What best describes message flows?

Message flows represent exchanges between pools.

What is not a flow object?

Message flows

What best describes an exclusive gateway?

An exclusive gateway is a gateway with only one exit path per instance of a process.

What best describes an inclusive gateway?

An inclusive gateway has one or more exit paths per instance of a process.

What is true about start events?

A start event can catch a message.

What is true about end events?

An end event can throw a message

What is true about intermediate timer events?

The process delays until a specific date or time & it delays for a specific period of time (ex: 1 day)

What is an intermediate error event?

All choices describe intermediate error events.

What is a looping task?

A looping task repeats until a specified condition is satisfied.

What is a data object?

All choices describe data objects.

What are data associations?

It is modeled as a dotted arrow & the association arrowhead shows the direction of data flow

What is not an objective of a structure model?

Describing the sequence of activities

What symbol represents a class in a UML class diagram?

a rectangle.

How is a class defined in a relational database model?

A class is defined as a person, place, thing, transaction, or event about which information is stored.

What are advantages of relational data models?

reduced information redundancy

Which companies offer products for enterprise systems?

SAP, Oracle, and Microsoft all offer products for enterprise systems.

What is cloud computing?

Cloud computing is Internet-based computing, where shared resources, software, and information are provided to firms on demand.

What kind of relationship does a network data model represent?

A network data model can represent many-to-many relationships.

What is a valid primary key for a cash receipt table?

Cash receipt number.

What is a correct statement about primary keys?

The data values of a primary key must be different (i.e., unique).

What is a correct statement about foreign keys?

A foreign key must be another table's primary key.

What is the entity integrity rule?

The rule requires each record's primary key cannot be blank (null).

What is the referential integrity rule?

Foreign keys could be null

What is the BEST primary key for a cash disbursement table?

Disbursement voucher number.

What could be an 'event' in REA data models?

Sales.

What could be a relationship table to link two tables?

Purchase line-item table.

What is not a valid link between tables?

Linking Vendor Table with Customer Table.

Which of the following is not a general category of operational decision?

Accumulation

Which of the following best describes the meaning of this UML class diagram?

Each new car can be sold once.

Which of the following is not an enforcement level for a business rule?

Optional enforcement

Which of the following is an example of an obligatory business rule?

Both "Customers must provide a valid credit card number" and "Customers must enter a shipping address"

Which of the following statements is true about the following class diagram?

"A sale can involve one inventory item" and "A sale can involve many inventory items"