Question

a b) financing cycle 8. Which of the following is a function of an AIS? a) reducing the need to identify a strategy and strategic position b) transforming data into useful information c) allocating organizational resources d) expenditure cycle d) automating all decision making 9. Which of the following is NOT a characteristic of useful information? a) Relevant b) Verifiable c) Timely 10. What is data? a) All of the facts that are collected, stored, and processed by an information system All of the debit and credit information about each transaction b c) The output which results from the input of information d) The same thing as information 11. Information can improve decision making in what way? a) It identifies situations requiring management action. MATCHING Match the description liste d) e b) It provides a basis for choosing among alternative actions. c) Provides valuable feedback that can be used to improve future decisions. d) All of the above. Accessible Cost-effective​

Answer 1

8. The correct answer is b) transforming data into useful information. An AIS, or Accounting Information System, is a system that is used to collect, process, and store financial and accounting data. One of its main functions is to transform raw data into useful information that can be used by managers and other stakeholders to make informed decisions. AISs are used in a variety of different organizations and are typically integrated with other business systems.

9. The correct answer is c) Timely. Timely information is important because it helps ensure that the information is still relevant and useful when it is received. However, it is not one of the main characteristics of useful information. Instead, the main characteristics of useful information are that it is accurate, relevant, complete, clear, and verifiable. These characteristics ensure that the information can be trusted and relied upon to make decisions and take action.

10. The correct answer is a) all of the facts that are collected, stored, and processed by an information system. Data is the raw information that is collected and processed by an information system. It can be any type of facts or figures, such as numbers, text, images, or sounds. Data is typically unorganized and unprocessed, and it needs to be transformed into useful information in order to be useful for decision making. Information, on the other hand, is the output that results from the input and processing of data. It is organized, processed, and presented in a way that is meaningful and useful for decision making.

11. The correct answer is d) all of the above. Information can improve decision making in several different ways. First, it can identify situations that require management action by providing information about the current state of the organization and its environment. This can help managers to identify problems and opportunities that need to be addressed. Second, it can provide a basis for choosing among alternative actions by providing information about the potential consequences of different actions. This can help managers to make more informed and effective decisions. Third, it can provide valuable feedback that can be used to improve future decisions by providing information about the outcomes of previous decisions. This can help managers to learn from their experiences and make better decisions in the future. Overall, information plays a critical role in supporting effective decision making by providing managers with the information they need to make informed and effective decisions.