Quiz 11 - AIS

• Question 1

  0.2 out of 0.2 points

  	Accounting information systems have five generic elements. Which of the following pairs includes examples of two different elements within the context of the acquisition / payment process?
  	Selected Answer:   Purchase requisition and schedule of accounts payable Correct Answer:   Purchase requisition and schedule of accounts payable

• Question 2

  0.2 out of 0.2 points

  	The acquisition / payment process includes all of the following steps except:
  	Selected Answer:   Prepare adjusting journal entries Correct Answer:   Prepare adjusting journal entries

• Question 3

  0.2 out of 0.2 points

  	As a form of internal control within the acquisition / payment process, internal auditors are most likely to:
  	Selected Answer:   Prevent or detect a problem Correct Answer:   Prevent or detect a problem

• Question 4

  0.2 out of 0.2 points

  	The acquisition / payment process helps an organization create value for its stakeholders. Which of the following authors developed a model that assists in understanding value creation?
  	Selected Answer:   Porter Correct Answer:   Porter

• Question 5

  0.2 out of 0.2 points

  	BSP Corporation wrote a check to RSR Corporation, one of its vendors. On the remittance advice, BSP indicated which invoices it was paying. Which of the following statements is most true?
  	Selected Answer:   RSR Corporation uses the open invoice method Correct Answer:   RSR Corporation uses the open invoice method