Management Information Systems
Exam Questions
Course Introduction
Management Information Systems (MIS) explores the utilization of information technology to support organizational operations, decision-making, and strategic objectives. The course examines the principles and components of information systems, covering topics such as system design, database management, networking, cybersecurity, and the ethical implications of technology use in business. Students will analyze case studies and real-world scenarios to understand how MIS facilitates business efficiency, competitive advantage, and adaptation to technological change, equipping them with the skills necessary to manage and innovate IT solutions within various organizational contexts.
Recommended Textbook
Accounting Information Systems 10th Edition by James
A. Hall
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1672 Verified Questions
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Chapter 1: The Information System: an Accountants Perspective
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Q1) Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?
A)operations management
B)middle management
C)top management
D)line management
Answer: B
Q2) The goal of data processing is
A)the verification of the algorithms used
B)to collect only relevant data
C)the production of useful information
D)to develop a hierarchy of outputs
Answer: C
Q3) Which of the following is not part of the accounting function?
A)managing the financial information resource of the firm
B)capturing and recording transactions in the database
C)distributing transaction information to operations personnel
D)managing the physical information system of the firm
Answer: D
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Chapter 2: Introduction to Transaction Processing
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Sample Questions
Q1) Which account is least likely to have a subsidiary ledger?
A)sales
B)accounts receivable
C)fixed assets
D)inventory
Answer: A
Q2) The revenue cycle has two subsystems.What are they and what occurs within each?
Answer: The two subsystems of the revenue cycle are sales order processing and cash receipts.In the sales order processing subsystem,the sales order is processed,credit granted,goods are shipped,customer is billed,and related files updated (sales,accounts receivable,inventory,etc.).In the cash receipts subsystem,cash is collected and deposited in the bank and files updated (cash,accounts receivable,etc.).
Q3) Batch processing is best used when timely information is needed because this method processes data efficiently.
A)True
B)False
Answer: False
Q4) What are the subsystems of the revenue cycle?
Answer: sales order processing,cash receipts
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Chapter 3: Ethics,fraud,and Internal Control
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Sample Questions
Q1) An input control that tests time card records to verify that no employee has worked more 50 hours in a pay period is an example of a range test.
A)True
B)False
Answer: False
Q2) Which of the following best describes lapping?
A)applying cash receipts to a different customer's account in an attempt to conceal previous thefts of funds
B)inflating bank balances by transferring money among different bank accounts
C)expensing an asset that has been stolen
D)creating a false transaction
Answer: A
Q3) Database management fraud includes altering,updating,and deleting an organization's data.
A)True
B)False
Answer: False
Q4) Locking petty cash in a safe is an example of __________________________. Answer: access controls
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Chapter 4: The Revenue Cycle
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Sample Questions
Q1) In the revenue cycle,the internal control "limit access" applies to physical assets only.
A)True
B)False
Q2) Which of the following is not a common method for achieving multilevel security?
A)access control list
B)application integrity
C)role-based access control
D)all of the above
Q3) State two specific functions or jobs that should be segregated in the cash receipts system.
Q4) Integrated accounting systems automatically transfer data between modules.
A)True
B)False
Q5) When customer payments are received,the mail room clerk sends the checks to the cash receipts clerk and the remittance advices to the AR clerk.
A)True
B)False
Q6) What is the role of the shipping notice?
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Chapter 5: The Expenditure Cycle Part I: Purchases and Cash
Disbursements Procedures
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Sample Questions
Q1) Explain why supervision is so important in the receiving department.
Q2) A major risk exposure in the expenditure cycle is that accounts payable may be overstated at the end of the accounting year.
A)True
B)False
Q3) The level of departmental activity is higher with an integrated purchases processing system than it is with a basic technology system.
A)True
B)False
Q4) An automated cash disbursements system can yield better cash management since payments are made on time.
A)True
B)False
Q5) Describe an internal control procedure that would prevent payment of an invoice for goods that were never delivered.
Q6) What documents are involved in a three-way match and what role does each play in this control?
Q7) What is the principle objective of the cash disbursement system?
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Chapter 6: The Expenditure Cycle Part II: Payroll Processing and
Fixed Asset Procedures
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Q1) Which of the following situations represents an internal control weakness?
A)Timekeeping is independent of the payroll department.
B)Paychecks are distributed by the employees' immediate supervisor.
C)Time cards are reconciled with job tickets.
D)Personnel is responsible for updating employee records, including creation of records for new hires.
Q2) The personnel action form provides authorization control by
A)preventing paychecks for terminated employees
B)verifying pay rates for employees
C)informing payroll of new hires
D)all of the above
Q3) Ideally,payroll checks are written on a special bank account used only for payroll.
A)True
B)False
Q4) To improve internal control,paychecks should be distributed by the employee's supervisor.
A)True
B)False
Q5) Discuss outsourcing the payroll function.What are the advantages and risks?
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Chapter 7: The Conversion Cycle
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Sample Questions
Q1) Which type of manufacturing creates a homogeneous product through a continuous series of standard procedures?
Q2) What is one benefit of the flexible production system?
Q3) Outline the characteristics of a world-class company.
Q4) The only objective of the just-in-time philosophy is to reduce inventory levels.
A)True
B)False
Q5) If the daily demand is 40 units and the lead time is 12 days,the reorder point is A)40 units
B)48 units
C)480 units
D)none of the above
Q6) Itemize the disadvantages of ABC that have caused some firms to abandon this technique.
Q7) Explain why traditional cost allocation methods do not work well in a CIM environment.
Q8) What document signals the completion of the production process?
Page 9
Q9) What are the key segregation of duties issues in the conversion cycle?
Q10) Explain the relationship between MRP,MRP II,and ERP.
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Chapter 8: Financial Reporting,and Management Reporting Systems
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Sample Questions
Q1) What distinguishes big data analytics from small data analytics?
Q2) In contrast to tactical planning decisions,management control decisions,and operational control decisions,strategic planning decisions usually
A)are more focused
B)have a shorter time frame
C)are unstructured
D)have a high degree of certainty
Q3) Discuss inappropriate performance measures and how to avoid them.
Q4) What is a data warehouse?
Q5) Which report is not an output of the financial reporting system (FRS)?
A)variance analysis report
B)statement of cash flows
C)tax return
D)comparative balance sheet
Q6) If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.
A)True
B)False
10
Q7) What is information overload? How does it affect decision-making?
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Chapter 9: Database Management Systems
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Sample Questions
Q1) There is more than one conceptual view of the database.
A)True
B)False
Q2) In a hierarchical model
A)links between related records are implicit
B)the way to access data is by following a predefined data path
C)an owner (parent) record may own just one member (child) record
D)a member (child) record may have more than one owner (parent)
Q3) Define repeating groups,partial dependencies and transitive dependencies and discuss how they are dealt with in the process of normalizing tables.
Q4) All of the following are advantages of a partitioned database except
A)increased user control by having the data stored locally
B)deadlocks are eliminated
C)transaction processing response time is improved
D)partitioning can reduce losses in case of disaster
Q5) What is the update anomaly?
Q6) The physical database is an abstract representation of the database.
A)True
B)False
Q7) Explain the purpose of an ER diagram in database design.
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Chapter 10: The Rea Approach to Business Process
Modeling
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Q1) REA diagrams include all of the following entities except A)support events
B)economic events
C)internal agents
D)users
Q2) Discuss how adopting a value chain perspective reveals advantages of adopting an REA approach to information system development.
Q3) The duality association in an REA diagrams signifies that each economic transaction involves two agents.
A)True
B)False
Q4) Define duality.
Q5) Explain the difference between producing financial statements in a traditional system and in a REA model.
Q6) Most companies implementing an REA model also maintain a traditional general ledger system for financial reporting.
A)True
B)False
Q7) Define view integration?
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Chapter 11: Enterprise Resource Planning Systems
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Sample Questions
Q1) Data cleansing is a step performed by external auditors to identify and repair invalid data prior to the audit.
A)True
B)False
Q2) Which of the following is usually not part of an ERP's OLAP applications?
A)logistics
B)decision support systems
C)ad hoc analysis
D)what-if analysis
Q3) The big-bang approach involves converting from old legacy systems to the new ERP in one implementation step.
A)True
B)False
Q4) Online transaction processing programs
A)are bolt-on programs used with commercially available ERPs
B)are available in two models-two-tier and three-tier
C)handle large numbers of relatively simple transactions
D)allow users to analyze complex data relationships
Q5) Why must a data warehouse include both detail and summary data?
Q6) Describe the three-tier client server model.
Page 13
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Chapter 12: Electronic Commerce Systems
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Sample Questions
Q1) What is a firewall? What does it do? Discuss the common configuration that employs two firewalls.
Q2) What is a digital certificate?
Q3) Define WAN,LAN,and VAN.
Q4) A ping signal is used to initiate
A)URL masquerading
B)digital signature forging
C)Internet protocol spoofing
D)a smurf attack
Q5) Describe virtualization.
Q6) Is cloud computing the best option for all companies? Why or why not?
Q7) What do you call a system of computers that connects the internal users of an organization that is distributed over a wide geographic area?
A)LAN
B)decentralized network
C)multidrop network
D)intranet
Q8) The client-server model can only be applied to ring and star topologies.
A)True
B)False
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Chapter 13: Managing the Systems Development Life Cycle
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Q1) All of the steps in the systems development life cycle apply both to software that is developed in-house and to commercial software.
A)True
B)False
Q2) A tangible benefit can be measured and expressed in financial terms.
A)True
B)False
Q3) What are the advantages and disadvantages of surveying the current system?
Q4) System control should be maintained throughout the maintenance phase.What four requirements should be observed to minimize the risk of corruption to the program's logic?
Q5) If individual modules are thoroughly tested,it is not necessary to test the whole system.
A)True
B)False
Q6) The objective of systems planning is to link systems projects to the strategic objectives of the firm.
A)True
B)False
Page 15
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Chapter 14: Auditing It Controls Part I: Sarbanes-Oxley and It Governance
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Sample Questions
Q1) Some companies separate systems analysis from programming/program maintenance.All of the following are control weaknesses that may occur with this organizational structure except
A)systems documentation is inadequate because of pressures to begin coding a new program before documenting the current program
B)illegal lines of code are hidden among legitimate code and a fraud is covered up for a long period of time
C)a new systems analyst has difficulty in understanding the logic of the program
D)inadequate systems documentation is prepared because this provides a sense of job security to the programmer
Q2) Describe the components of a disaster recovery plan.
Q3) Substantive tests include
A)examining the safety deposit box for stock certificates
B)reviewing systems documentation
C)completing questionnaires
D)observation
Q4) Briefly outline transaction cost economics as it relates to IT outsourcing.
Q5) Distinguish between inherent risk and control risk.How do internal controls and detection risk fit in?
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Chapter 15: Auditing It Controls Part II: Security and Access
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Q1) Describe two tests of controls that would provide evidence that the database management system is protected against unauthorized access attempts.
Q2) What are some typical problems with passwords?
Q3) The checkpoint feature
A)makes a periodic backup of the entire database
B)uses logs and backup files to restart the system after failure
C)suspends all data processing while the system reconciles the transaction log against the database
D)provides an audit trail of all processed transactions
Q4) What is deep packet inspection?
Q5) What are the auditor's concerns in testing EDI controls?
Q6) Audit trails in computerized systems are comprised of two types of audit logs: detailed logs of individual keystrokes and event-oriented logs.
A)True
B)False
Q7) What problem is common to all private key encryption techniques?
Q8) Explain how the one-time password approach works.
Q9) What can be done to defeat a DDoS attack?
Q10) Discuss the key features of the one-time password technique:
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Chapter 16: Auditing It Controls Part III: Systems
Development, program Changes, and Application Auditing
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Q1) The base case system evaluation is a variation of the test data method.
A)True
B)False
Q2) Use of the integrated test facility poses no threat to organizational data files.
A)True
B)False
Q3) To meet the governance-related expectations of management under SOX,an organization's internal audit department needs to be all of the following except
A)independent
B)objective
C)technically qualified
D)designers of test data
Q4) Describe parallel simulation.
Q5) Source program library controls should prevent and detect unauthorized access to application programs.
A)True
B)False
Q6) What is an embedded audit module?
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