Acct451 Quiz 1

1. Question : (TCO 1) Information is:

Student Answer: What happens when the data exceeds the amount the human mind can absorb.

The benefit produced by the information minus the cost of producing it.

Facts that are collected, recorded, stored, and processed by an information system.

Data that have been organized and processed to provide meaning to a user.

Instructor Explanation: Chapter 1, page 4

Points Received: 0 of 2

Comments:

2. Question : (TCO 1) Which of the following is not one of the components of an AIS?

Student Answer: internal controls & security measures

people

procedures and instructions

hardware

Instructor Explanation: Chapter 1, pages 10

Points Received: 2 of 2

Comments:

3. Question : (TCO 1) Groups of related business activities such as the acquisition of merchandise and payment of vendors are called

Student Answer: transaction cycles

economic cycles

business events

transactions

Instructor Explanation: Chapter 1, page 5

Points Received: 0 of 2

Comments:

4. Question : (TCO 1) In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. What is the best way for this business to ensure that payment data entry is efficient and accurate?

Student Answer: Well-designed paper forms

Source data automation

Turnaround documents

Sequentially numbered forms

Instructor Explanation: Chapter 2, page 27

Points Received: 2 of 2

Comments:

5. Question : (TCO 1) A graphical representation of the relationship among the input, processing and output in an information system is called

Student Answer: a data flow diagram

a document flowchart...