Cycles of Accounting and Technology in Decision Making
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main difference between data and information?

  • Data is stored in the system while information is collected.
  • Data is raw material while information is processed data. (correct)
  • Data contains numbers and dates while information contains names and attributes.
  • Data is machine-readable while information is not.

How can Information Technology (IT) help in overcoming information overload?

  • By effectively filtering and condensing information for decision-makers. (correct)
  • By creating more detailed reports.
  • By storing all data without filtering.
  • By increasing the volume of data collected.

What is a characteristic of good information as mentioned in the text?

  • Complexity
  • Timeliness (correct)
  • Inaccessibility
  • Lack of relevance

How does XBRL differ from HTML?

<p>XBRL is specifically for business and XML is a general markup language. (A)</p> Signup and view all the answers

Which aspect is NOT a characteristic of a good information as per the text?

<p>Complexity (D)</p> Signup and view all the answers

What is the primary benefit of using Information Systems (IS) in businesses?

<p>Facilitating the achievement of specific organizational goals. (B)</p> Signup and view all the answers

What is the main purpose of an Accounting Information System (AIS)?

<p>To add value to an organization by providing financial data (A)</p> Signup and view all the answers

What is characterized by the use of IoT, Big Data, AI, Cloud computing, and blockchain?

<p>IT 4.0 (A)</p> Signup and view all the answers

What is emphasized as a vital skill for auditors and analysts?

<p>The ability to ask right questions (B)</p> Signup and view all the answers

What is the primary function of a distributed ledger in blockchain technology?

<p>To ensure transparency and accuracy of transactions (C)</p> Signup and view all the answers

What is the main characteristic of IT 1.0 and IT 2.0?

<p>Electrification and steam power (B)</p> Signup and view all the answers

What is the main purpose of a strategic plan in an organization?

<p>To outline a set of actions and activities (B)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser