Accounting Information Systems: The Processes and Controls, 2nd Edition

END OF CHAPTER MATERIAL

CONCEPT CHECK

1. 1. When a company receives returned goods from a customer, the business process to accept the return would most likely be a(n)
   1. administrative process
   2. conversion process
   3. expenditure process
   4. revenue process
2. 2. Which of the following is least likely to be an output of the accounting information system?
   1. A check
   2. A report
   3. An invoice
   4. A bar code
3. 3. Which of the following is not true of the supply chain?
   1. The supply chain includes vendors.
   2. The supply chain excludes customers.
   3. The supply chain includes information flows.
   4. The supply chain includes secondary suppliers.
4. 4. Which of the following is not an objective of IT enablement?
   1. Increased accuracy of data
   2. Reduced cost
   3. Reduced security problems
   4. Increased efficiency
5. 5. The correct order of the computer data hierarchy is
   1. byte, bit, record, field, file, database
   2. bit, byte, record, field, file, database
   3. bit, byte, field, record, file, database
   4. bit, byte, field, record, database, file
6. 6. The process of searching for identifiable patterns in data is called
   1. sequential processing
   2. data warehousing
   3. data mining
   4. real-time processing
7. 7. An IT enabled system for purchasing that is an “invoice-less” system is called a(n)
   1. automated matching system
   2. evaluated receipt settlement
   3. e-payables
   4. point of sale system
8. 8. The COSO report written for the purpose of assisting managers in the challenge of managing ...