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    Assessment Task 1: Matching. Match The Description Listed in The Right Column With The Information

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    Joy Consigene
    An accounts receivable aging report included all customer accounts, making it complete. The report was checked by three different people for accuracy, making it reliable. The aging report was received before the credit manager had to make a decision on extending credit to a customer, making it timely.

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    Assessment Task 1: Matching. Match The Description Listed in The Right Column With The Information

    Uploaded by

    Joy Consigene
    31 views2 pages
    An accounts receivable aging report included all customer accounts, making it complete. The report was checked by three different people for accuracy, making it reliable. The aging report was received before the credit manager had to make a decision on extending credit to a customer, making it timely.

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    BCOMP 2_ATS 1

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    An accounts receivable aging report included all customer accounts, making it complete. The report was checked by three different people for accuracy, making it reliable. The aging report was received before the credit manager had to make a decision on extending credit to a customer, making it timely.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views2 pages

    Assessment Task 1: Matching. Match The Description Listed in The Right Column With The Information

    Uploaded by

    Joy Consigene
    An accounts receivable aging report included all customer accounts, making it complete. The report was checked by three different people for accuracy, making it reliable. The aging report was received before the credit manager had to make a decision on extending credit to a customer, making it timely.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Assessment Task 1

    Matching. Match the description listed in the right column with the information
    characteristic listed in the left column.
    1. Relevant – F. An accounts receivable aging report is used in credit-granting
    decisions.

    2. Reliable – E. A report was checked by three different people for accuracy.

    3. Complete – D. An accounts receivable aging report included all customer


    accounts.

    4. Timely – G. An accounts receivable aging report was received before the credit
    manager had to make a decision whether to extend credit to a customer.

    5. Understandable – A. The report was carefully designed so that the data


    contained in the report became information to the reader.

    6. Verifiable – C. The data in a report was checked by two clerks working


    independently.

    7. Accessible – B. The manager was working one weekend and needed to find
    some information about production requests for a certain customer. He was able
    to find the report on the company’s network.
    Multiple Choice.
    8. Which of the following statements below shows the contrast between data and
    information?
    a. Data is the output an AIS.
    b. Information is the primary output of AIS.
    c. Data is more useful in decision making than information.
    d. Data and information are the same.

    9. Information is best described as


    a. Raw facts about transactions.
    b. Data that has been organized and processed so that it is meaningful to its
    user.
    c. Facts that are useful when processed in a timely manner
    d. The same thing as data.

    10. The value of information can best be determined by


    a. Its usefulness to decision makers
    b. Its relevance to decision makers
    c. The benefits associated with obtaining the information minus the cost of
    producing it.
    d. The extent to which it optimizes the value chain

    11. An accounting information system (AIS) processes _______ to provide users


    with ______.
    a. data; information
    b. data; transactions
    c. information; data
    d. data; benefits

    12. Which of the following is a primary activity in the value chain?


    a. Purchasing
    b. Accounting
    c. Post-sales service
    d. Human resource management

    13. Which of the following is NOT a means by which information improves decision
    making?
    a. increases information overload
    b. reduces uncertainty
    c. provides feedback about the effectiveness of prior decisions
    d. identifies situations requiring management action

    14. In the value chain concept, upgrading IT is considered what kind of activity?
    a. Primary activity
    b. Support activity
    c. Service activity
    d. Structured activity

    15. In which cycle does a company ship goods to customers?


    a. production cycle
    b. financing cycle
    c. revenue cycle
    d. expenditure cycle

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