Internal Information Flows and Information Requirements in Business
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Questions and Answers

Accounting Information Systems (AIS) process both financial and nonfinancial transactions.

True

Management Information Systems (MIS) primarily process financial transactions.

False

The General AIS Model includes functions like data collection, processing, management, and information generation.

True

Financial transactions are the only data sources for Accounting Information Systems.

<p>False</p> Signup and view all the answers

Useful information must be irrelevant to serve a purpose.

<p>False</p> Signup and view all the answers

Functional Areas like Marketing and Personnel are common in organizational structures.

<p>True</p> Signup and view all the answers

Accounting activities should be intertwined with the functional areas to ensure information reliability.

<p>False</p> Signup and view all the answers

Accounting Information Systems (AIS) aim to support only day-to-day operations of a firm.

<p>False</p> Signup and view all the answers

The goal of an information system is solely to support the decision-making function of management.

<p>False</p> Signup and view all the answers

Transforming data into information involves classifying, merging, deleting, and presenting.

<p>False</p> Signup and view all the answers

In a Centralized Data Processing system, all data processing is performed by small information processing units distributed to end users.

<p>False</p> Signup and view all the answers

One of the potential advantages of Distributed Data Processing (DDP) is the improvement in cost control responsibility.

<p>True</p> Signup and view all the answers

In a Manual Process Model, transaction processing, information processing, and accounting are mainly performed electronically without human intervention.

<p>False</p> Signup and view all the answers

The Flat-File Model helps in reducing data redundancy problems by integrating separate files easily.

<p>False</p> Signup and view all the answers

Accountants are not required to participate in systems development projects as their involvement is not necessary.

<p>False</p> Signup and view all the answers

The REA model is an accounting framework that does not consider economic resources or events.

<p>False</p> Signup and view all the answers

External Auditors primarily provide appraisal services for in-house Information Systems (IS).

<p>False</p> Signup and view all the answers

The conceptual system, according to the text, is solely responsible for the physical system design.

<p>False</p> Signup and view all the answers

IT Auditors evaluate IT systems as part of internal audit functions but not external audits.

<p>False</p> Signup and view all the answers

Internal Auditors do not provide IS and IT appraisal services within their organizations.

<p>False</p> Signup and view all the answers

Vertical flows of information in an organization include downward flows of aggregated transaction and operations data.

<p>True</p> Signup and view all the answers

Each user group in an organization has identical information requirements.

<p>False</p> Signup and view all the answers

The higher the level of an organization, the more detailed the information requirements.

<p>False</p> Signup and view all the answers

A system is considered a subsystem when it is viewed as a component of a larger system.

<p>True</p> Signup and view all the answers

System Interdependency implies that each part of the system is self-contained.

<p>False</p> Signup and view all the answers

Information in business is not considered a vital resource.

<p>False</p> Signup and view all the answers

System Decomposition involves combining subsystem parts to create a larger system.

<p>False</p> Signup and view all the answers

An information system collects data and processes it into transactions.

<p>False</p> Signup and view all the answers

Internal Information Flows are primarily used at the strategic level of an organization.

<p>False</p> Signup and view all the answers

The focus of attention determines whether a part of a system is considered a subsystem or a system.

<p>True</p> Signup and view all the answers

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