Questions and Answers
Which option best illustrates the use of an AIS for knowledge sharing within an organization?
Research and development is classified as which type of support activity in the value chain framework?
An AIS adds value to an organization when it provides information that is both timely and accurate. This primarily leads to:
What term describes a decision situation that is non-routine and lacks an established decision-making framework?
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Which type of decision is characterized as repetitive, routine, and well understood?
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Which of the following would be classified as a strategic planning decision?
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Decisions that relate to the effective and efficient execution of specific tasks primarily concern:
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In the context of the value chain, an AIS primarily supports which activities?
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Which type of planning encompasses budgeting and human resource practices?
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What role does accounting information play in managerial decision making?
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Which activity in the organization's value chain involves product pricing and identifying profitable items?
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Which of the following is an example of a semi-structured decision?
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Which statement about operational control, management control, and strategic planning is true?
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What is a limitation of an efficient Accounting Information System (AIS)?
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Which statement about the three basic strategic positions identified by Michael Porter is false?
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The effective decision-making function of an organization can be influenced by which aspect of AIS?
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Study Notes
Knowledge Sharing in Organizations
- An example of an Accounting Information System (AIS) facilitating knowledge sharing is utilizing expert systems to identify relevant experts for client assistance.
Value Chain Conceptual Framework
- Research and Development (R&D) is a support activity within the value chain that enhances organizational efficiency, classified as a technology activity.
AIS Support to Value Chain Activities
- AIS adds value by providing accurate and timely information, supporting decision making, improving product/service quality, and enhancing efficiency.
Types of Decisions
- Non-routine decisions lacking established frameworks are categorized as unstructured decisions.
- Decisions that are repetitive and well understood are classified as structured decisions.
Strategic Planning Decisions
- Strategic planning decisions include setting financial and accounting policies, determining human resource practices, and budgeting.
Decision Execution
- Operational control focuses on executing specific tasks efficiently and effectively.
Role of Accounting Information in Management
- Accounting information aids managerial decision-making by identifying situations needing action, reducing uncertainty, and providing a basis for alternative actions.
Business Activities in Value Chain
- Activities related to product pricing, discounting, credit terms, and profitability assessments fall under marketing and sales in the value chain.
Decision Types by Structure
- Semi-structured decisions are exemplified by setting marketing budgets for new products or extending credit to established customers.
Truths about Decision Scope
- Operational control is about efficient resource use for organizational objectives, while management control focuses on task performance and strategic planning on establishing objectives.
Limitations of AIS
- A potential limitation of a well-designed AIS is that it may present excessive information without appropriate filtering, potentially overwhelming users.
Strategic Positions
- According to Michael Porter, the three basic strategic positions are distinct and cannot overlap, emphasizing the importance of strategy in organizational success and growth.
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Description
This quiz explores the use of Accounting Information Systems (AIS) in organizations, focusing on how these systems facilitate knowledge sharing among staff. Participants will evaluate various scenarios to identify effective knowledge sharing strategies within the value chain framework.
