1. Long-term sales forecasts are an example of accounting information used at which level of control in an organisation?
2. Which three of the following are not ‘v’s associated with big data?
3. Big data analytics usually involves the analysis of unstructured data. Which of the following is an example of unstructured data?
4. Which of the following are methods of direct data capture?
- Keyboard entry
- Scanning barcodes
- Machine-read optical marks
5. Which two of the following statements regarding big data are true?
6. Which of the following is an example of local networking?
7. Which of the following is an example of an Expert Systems (ES)?
8. The qualities of good information contained in reports are more easily remembered using the mnemonic ACCURATE.
Which one of the following is NOT normally associated with a quality of good information?
9. Which of the following controls helps to ensure that data input is accurate?
10. Local managers within organisations often use operational reports. Which of the following features of reports would be most true of an operational report?
11. Which TWO of the following are benefits of wireless technology?
12. Which of the following terms is used to describe an information system that provides senior executives with online access to important information obtained from both internal and external sources?
13. Indicate, by selecting the relevant boxes, whether each of the following of the controls help to ensure the security of highly confidential information.
A. Hierarchical passwords
B. Logical access controls
14. The following statements have been made about data and information.
(1) Automated systems for data capture are generally more reliable than data capture requiring input by individuals.
(2) As a general rule, secondary information is more expensive to collect than primary data. Which of the above statements is/are true?
15. Are the following statements about management information systems true or false?
A. They have an external focus.
B. They are designed to report on existing operations.
16. Which of the following methods would be LEAST effective in ensuring the security of confidential information?
17. Which TWO of the following are typical advantages of investing in a new information system?
18. Which of the following controls may be applied to data input, processing and storage and data output?
19. Which of the following is NOT an internal source of management information?
20. Are the following statements about big data true or false?
A. Big data analytics requires adherence to data privacy laws
B. Big data analytics enables cost reduction.
C. Big data analytics improves organisational decision-making.
D. Big data analytics enables large quantities of data to be examined quickly.
21. Which of the following combinations describe the purposes of management information?
22. Are the following statements about big data true or false?
A. Social media is a source of big data.
B. Big data can be used to provide insights into costs.
23. Which of the following would show information on the frequency of machine breakdowns causing lost productions?
24. Identify whether the information in the table below is from an internal or external source.
A. Listing employee records from the company’s payroll system
B. Looking through sales records for the last year
C. Reading business magazines
D. Interviewing potential customers
25. Which of the following is the most reliable source of information on a country’s inflation rate?
26. Decisions about which of the following would most likely be taken by management at the tactic level?
27. Strategic reports have many features, which of the following is the most likely feature of a strategic report?
28. An airline wants to provide access to a select group of travel agents to real time information held by the airline regarding flights which may have the potential for passenger seat upgrades. Which of the following is likely to be used to achieve this?
29. Which of the following is NOT considered a risk when using big data to enhance business decision making?
30. It is often said that big data enhances business decisions.
Which of the following statements regarding big data and decision-making is/are true?
- Decisions which include big data analytics can lead to a competitive edge over rivals.
- Big data analytics cannot account for competitors’ expected actions.
31. Which of the following statements regarding planning and control as described in the three tiers of Robert Anthony’ s decision-making hierarchy is/are true?
(1) Strategic planning is concerned with making decisions about the efficient and effective use of existing resources.
(2) Operational control is about ensuring that specific tasks are carried out efficiently and effectively.
32. Which TWO of the following statements are thought to be benefits when using big data to enhance business decisions?
33. Del Co operates a restaurant chain. It has an interactive website where customers can leave feedback, and has recently introduced a customer loyalty card that is swiped at the till whenever a purchase is made. Del Co is keen to make use of this new data.
Which TWO of the following are ways that Del Co could use the information collected from the website and customer loyalty cards?
34. Which of the following statements is NOT a benefit of using big data analytics by an online book retailer?
35. Which of the following statements about management information systems is correct?
36. The following costs relate to management accounting information for Tom Co for April 20X8:
Employee time spent filling in purchase requisitions 600
Use of barcodes and scanners to record inventory 200
Storage of sales information no longer needed 400
Time taken by staff to input data into production system 900
What were the total direct data capture costs for Tom Co for April 20X8?
37. Which of the following statement(s) regarding the use of external information is/are true?
- External information can be general and vague, and may not really help an organisation with decision making.
- External information is usually more reliable than internal information.
38. You have been presented with a summary report of sales in the last month, with a breakdown of totals per product, and with variances from the corresponding monthly sales plan. Which of the following systems would generate such a report?
39. Which TWO of the following information systems are features of an open system?
40. Which of the following could be described as an expert system?
41. The following statements have been made about management information and management information systems.
(1) Management information is often produced from transaction processing systems.
(2) The data used in management information systems comes mainly from sources within the organisation and its operations.
Which of the above statements is/are true?
42. A company's board of directors were recently embarrassed when a very unhappy junior human resources employee emailed details of their salaries to the entire company. An investigation revealed that the human resources director had lent his username and password to the junior employee so that routine maintenance of the human resources database could be conducted whilst the director was on vacation. During the director's vacation, the junior employee had used the director's username and password to access the board's salary records. Which of the following controls could have helped to prevent this breach of confidential information?
43. The following statements have been made about operational control.
(1) Budgeting is commonly associated with decision-making at the operational planning level within a management hierarchy.
(2) Operational control decisions in general are more narrowly focused and have a shorter time horizon than management control decisions.
Which of the above statements is/are true?
44. A manufacturer and retailer of utensils introduces an enterprise resource planning system. Which of the following is NOT likely to be a potential benefit of introducing this system?
45. W plc produces game apps for smart phones and tablets. These vary from “free” games with in-game purchases, paid for games and games with monthly subscriptions. The marketing department wish to gather more data about customer preferences to better target customers with adverts and promotions. One suggestion is to get customers to complete small in-game surveys as a way of earning credits to “buy” items that would normally require payment via an in-game purchase or upgrade.
The following costs of capturing this information have been identified:
- App credit system development costs
- Survey development costs
- Lost sales due to customers earning credits rather than buying in-game purchases
- Loss of customers who are offended by in-game surveys
Which of these costs would be considered as “indirect” costs of producing the information?
46. The following statements have been made about information systems.
(1) Feedback is information produced from a system that is used by management to take action to control further inputs to the system.
(2) Information for benchmarking purposes may be obtained from both internal and external sources.
Which of the above statements is/are true?
47. Which TWO of the following are true of customer relationship management (CRM) systems?
48. An education department has a statutory obligation to report on the number of students on site throughout the day. In order to produce this information, a swipe card system has been introduced.
The following table details the costs of the swipe card system in its first year:
Purchase price of the swipe system (vendor list price) 100,000 Invoiced and paid
Installation costs of the system (negotiated with vendor) 20,000 Invoiced and paid
Pre-launch testing costs (in-house) 17,000 Salaries time spent
Cost per 100 swipe cards 5,000 1,000 cards purchased
in the first year
Apportionment of the technology insurance cost 9,000 Fixed cost
Salary of clerk employed to collate and distribute
swipe card system information 36,000 Fixed cost
What is the indirect cost of producing the information required in the first year of the swipe card system?
49. An accountant wants to determine the increase in average usage of paper per employee from printing out of emails. He is concerned that paper usage in his business has risen by 10% in the last year to $40,400.
He has estimated that it will take 4 weeks of his time to prepare the report. As well as other incremental costs he has estimated that the total cost of preparing the report will be $28,000.
This report is an example of bad information. Which one of the principles of good information does it breach?
50. A small doctors’ surgery is considering providing a wireless network for use by nurses to access patient data in real time.
Which of the following is a disadvantage of using a wireless network in this way?
51. Data used by the management that has been obtained from an official government source is an example of which of the following?
52. Which of the following statements concerning big data analytics is correct?
53. Are the following statements about data and information systems true or false?
A. Large public databases are a major source of feedback for many commercial organisations.
B. In-depth analysis of data on a database in order to identify undiscovered trends or patterns in the data is known as data mining.
54. Are the following statements about management information systems true or false?
A. An EIS provides an integrated database system for the management of operations.
B. Budgetary control information comes mainly from sources outside the organisation.
55. A government department generates information which should not be disclosed to anyone who works outside of the department. There are many other government departments working within the same building.
Which of the following would NOT be an effective control procedure for the generation and distribution of the information within the government department?
56. Which TWO of the following are risks of using big data?
57. Which TWO of the following are ways that big data can be used to improve performance?
58. Which of the following statements is/are true?
- Enterprise Resource Planning (ERP) systems are accounting oriented information systems which aid in identifying and planning the enterprise wide resources needed to resource, make, account for and deliver customer orders.
- Enterprise Resource Planning (ERP) systems use complex computer systems, usually comprehensive databases, to provide plans for every aspect of the business.
59. Internet banking is an example of which of the following?
60. Which of the following statements about an accounting system is/are true?
- It can only serve the accounting department
- It is more likely to be closed than open