Which of the following are components of a Business Information System (BIS)?
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1 .Which of the following tasks would be included in a document flowchart for processing cash receipts?
A Authorize and generate a voucher. B Record returns and allowances. C Authorize and generate an invoice. D Compare control and remittance totals.
2 .Compared to online real-time processing, batch processing has which of the following disadvantages?
A A greater level of control is necessary. B Additional computing resources are required. C Additional personnel are required. D Stored data are current only after the update process.
3 .Mill Co. uses a batch processing method to process its sales transactions. Data on Mill's sales transaction tape are electronically sorted by customer number and are subjected to programmed edit checks in preparing its invoices, sales journals, and updated customer account balances. One of the direct outputs of the creation of this tape most likely would be a:
A Report showing overdue accounts receivable. B Report showing exceptions and control totals. C Printout of the sales price master file. D Printout of the updated inventory records.
4 .Which one of the following statements about an accounting information system (AIS) is incorrect?
A An AIS is often referred to as a transaction processing system. B The information produced by AIS is made available to all levels of management for use in planning and controlling an organization's activities. C An AIS supports day-to-day operations by collecting and storing data about an organiza...
5 .A new company is trying to decide between setting up a centralized processing system and a decentralized processing system. All of the following are disadvantages of a centralized processing system that the company should consider when making the decision, except:
A Processing can be inconsistent. B There can be a reduction in local accountability. C There are increased processing power and data storage needs at the central location. D Input/output bottlenecks can occur at high traffic times.
7 .Business Information Systems (BIS) allow a business to perform the following functions on data:
A Initiate, process, distribute, transform, and store. B Distribute, collect, report, and transform. C Collect, process, store, transform, and distribute. D Process, report, and store.
8 .Which of the following transaction processing modes provides the most accurate and complete information for decision making?
A Application. B Online, real-time. C Batch. D Distributed.
9 .During the annual audit, it was learned from an interview with the controller that the accounting system was programmed to use a batch processing method and a detailed posting type. This would mean that individual transactions were:
A Assigned to groups before posting, and each transaction had its own line entry in the appropriate ledger. B Assigned to groups before posting, and each transaction group had a cumulative entry total in the appropriate ledger. C Posted upon entry, and each transaction group had a cumulative entry t...
10 .Compared to batch processing, real-time processing has which of the following advantages?
A Ease of implementation. B Timeliness of information. C Ease of auditing. D Efficiency of processing.
