Moreton plc produces monthly variance reports for all its production

managers. These show the extent and cause of all variances from the
company's production plans. The reports enable managers to take
corrective action during the following month. In terms of financial
information, these reports can be classified as
planning information
operational information
tactical information
strategic information

Q. 
The area outside an information systems boundary is known as the
answer choices
location
setting
context
environment

Q. 
The directors of Royguard plc have recently decided to establish an
extensive management information system within one of its
subsidiaries. In arriving at this decision, the directors were likely to
have been conscious that the subsidiary's operations were largely
characterised by
structured decisions
unstructured decisions
non-programmable decisions
non-routine decisions
4. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The information systems manager of Detrex plc wants all data input
into the company's databases to be complete and accurate. As part of
his information management role, he makes use of range checks. The
use of range checks should help to deliver
answer choices
completeness only
accuracy only
both accuracy and completeness
neither accuracy nor completeness
5. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The manager of Hettie plc's information systems wants all data input
into the company's databases to be accurate and complete. As part of
her information management role, she makes use of control totals.
The use of control totals should help to deliver
answer choices
accuracy only
completeness only
both accuracy and completeness
neither accuracy nor completeness
6. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Ranger plc's information systems manager wants all data on the
company's databases to be the same as their sources and not to have
been accidentally or deliberately altered, destroyed or disclosed. His
concern, therefore is with
answer choices
data accuracy
data integrity
data authenticity
data completeness
7. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Zing plc's information system automatically maintains a log of user
activity. This log contains details of identity, log-on and log-off times
and details of processing carried out and access attempts made. All
transactions are tagged to identify the person responsible for that
processing. The log-on details of the user determine processing
access.
Which three of the following control objectives does this system
effectively address?
answer choices
Prevention
Detection
Deterrence
Correction
Accuracy
8. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following statements concerning management
information systems and transaction processing systems is correct?
answer choices
A management information system is likely to be the foundation of a
transaction processing system
Management information systems and transaction processing systems are
usually independent
Management information systems and transaction processing systems are
synonymous
A transaction processing system is likely to be the foundation of a
management information system
9. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following characteristics relates to strategic information
as opposed to operational information?
answer choices
Often based on estimates
Often very detailed
Mostly very accurate
Usually routine
10. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which three of the following are essential qualities of good
information?
answer choices
Immediate
Accurate
Profuse
User-targeted
Complete
11. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
A company correctly records and analyses all its sales transactions. At
the end of each month, a report is produced for the sales director
listing details of every sales transaction: customer, products,
quantities and prices. Which of the following describes the quality of
the report's data and information?
answer choices
Good quality of data, but poor quality of information
Good quality of both data and information
Poor quality of data, but good quality of information
Poor quality of both data and information
12. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
An information system that fails to collect information from its
environment will be ignoring information about which three of the
following?
answer choices
Its transactions
Its budgets
Competitor action
Legislation
Its share price
13. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Royston is the information systems manager of Alnwick plc. He is
constructing a system for use by the company which includes both a
'knowledge base' and an 'inference engine'. What is Royston
constructing?
answer choices
A transaction processing system
A management information system
An expert system
A relational database
14. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Arkwright Ltd analyses huge quantities of data about a wide variety
of issues from a wide variety of sources. Arkwright Ltd is seeking
competitive advantage from
answer choices
its transaction processing system
big data
cybersecurity
its strategic planning process
15. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The depreciation policies adopted by Plumtree Ltd have not changed
for the past five years. According to the IASB's Conceptual Framework
for Financial Reporting,  this supports the qualitative characteristic for
its financial information of
answer choices
understandability
relevance
timeliness
comparability
16. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The IASB's Conceptual Framework for Financial Reporting  states that
financial information is useful when it both influences the decisions of
users of the information and
answer choices
is produced in a timely fashion
is complete and accurate
establishes management accountability
is produced in a cost-beneficial way
17. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
As a result of reading the financial statements of Tatra plc, Michaela
decided to increase her shareholding in the company. In terms of the
IASB's Conceptual Framework for Financial Reporting, this confirms that
the information in Tatra plc's financial statements was
answer choices
positive
timely
material
relevant
18. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Changes to Merrick Ltd's transaction processing system can only be
made by people who are accountable for the changes. This
contributes towards which one of the essential qualities of a secure
information system?
answer choices
Confidentiality
Integrity
Non-repudiation
Authorisation
19. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Each month the Business School at Newtown University receives
financial performance data for the previous month. Each month the
senior managers of the Business School complain that they cannot
rely on this information as it contains errors. The information,
therefore, is often ignored by managers. In terms of the qualities of a
secure information system, the actions of the managers show that
the system lacks the quality of
answer choices
confidentiality
availability
non-repudiation
authorisation
20. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The chief executive of Table plc is not convinced about the usefulness
of much of the information in the company's financial statements. He
makes three statements about the specific characteristics of the
information that he believes may undermine its usefulness.

Statement 1: It lacks timeliness

Statement 2: A high level of regulation applies to it
Statement 3: It contains a high level of aggregation

Which of these statements identify characteristics that are likely to

undermine the information's usefulness?
answer choices
Statements 1 and 2 only
Statements 2 and 3 only
Statements 1 and 3 only
Statements 1, 2 and 3
21. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following issues are key in relation to information
processing in a company's accounting systems?
Issue 1 Completeness
Issue 2 Non-repudiation
Issue 3 Verifiability
answer choices
Issues 1 and 2 only
Issues 2 and 3 only
Issues 1 and 3 only
Issues 1, 2 and 3
22. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
In relation to users of financial information, which of the following
statements is true?
answer choices
External users evaluate the performance of a company's management
using management accounting
Financial reporting provides information to managers and people
outside the company, such as investors
Management accounting provides information to managers and people
outside the company, such as investors
Financial reporting generates confidential information for internal decision
makers such as executives and management
23. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The IASB's Conceptual Framework for Financial Reporting  states that, to
support the effective working of capital markets for the benefit of
businesses, financial statements must have which two fundamental
qualitative characteristics?
Understandability
answer choices
Relevance
Faithfulness of representation
Comparability
Timeliness
Verifiability
24. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Russell is an accountant working for Forsell plc. He has made the
following points concerning financial statements. Which of Russell's
points is true?
answer choices
Financial statements are used mainly by management
Financial statements are used by parties internal to the business only
Financial statements are used only by investors
Financial statements are used by investors, payables (creditors) and
management
25. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The characteristic that determines whether information is both of
good quality and valuable is
answer choices
accuracy
accessibility
timeliness
relevance
26. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
An information system combines data and analytical models to help
with semi-structured and unstructured problem solving of an
operational nature. This is called
answer choices
an expert support system
a decision support system
a knowledge work system
an office automation system
27. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Compared with operations management, which of the following is a
characteristic that is unique to big data?
answer choices
Volume
Variety
Velocity
Visibility
28. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The ability to stream big data into an organisation's systems in real
time is an example of which feature of big data?
answer choices
Volume
Veracity
Velocity
Variety
29. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following features of big data concerns the fact that data
sets contain anomalies and errors?
answer choices
Veracity
Variety
Volume
Velocity
30. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which three of the following are ways in which data analytics of big
data can create value for a business?
answer choices
Risk management
Innovation
Development of corporate mission
Change management
Performance improvement
31. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Rees Ltd uses data analytics to enhance transparency. Insights into
which of the following are provided for Rees Ltd by using data
analytics in this way?
answer choices
Customer buying patterns
Customer needs
New products and services
Risk identification
32. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following is a disadvantage for a small business of using
cloud accounting?
answer choices
It is expensive, difficult and time-consuming for the business to upgrade
the cloud accounting software
Only one person in the business can have access to the cloud accounting
software at any one time
Accounting data has to be moved from computer to computer manually by
the business's finance function employees
The small business relies completely on the security and backup
measures of the provider of the cloud accounting software
33. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Priya is investigating the use of cloud accounting for her employer,
Withit plc. She has discovered that accounting information stored in
the cloud can be added to or accessed from anywhere, usings any
device with an internet connection. She is making a recommendation
to her managers on the use of cloud accounting which is contains the
following statements.

Statement (1) Whith the adoption of cloud accounting, Withit's project

managers at client site can check whether a payment has been
received
Statement (2) With the adoption of cloud accounting, accounts staff
will have the ability to work from home

Identify whether each statement is accurate.

answer choices
Statement (1) accurate, Statement (2) inaccurate
Statement (1) inaccurate, Statement (2) inaccurate
Statement (1) accurate, Statement (2) accurate
Statement (1) inaccurate, Statement (2) accurate
34. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Big Data analytics typically involves the analysis of unstructured data.
Which of the following is an example of unstructured data for a
company that operates a chain of coffee shops?
answer choices
Spreadsheet analysis of the purchase of new chairs for store
refurbishments
Data tables showing monthly sales figures at each store
A table of supplier names and addresses
Email communications between a customer and the marketing
department
35. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Data science has great importance to big data and data analytics.

Statement (1) Data science deals with analysing and interpreting data
rather than how it is collected.
Statement (2) One objective of data science is to extract value from
data.

Identify whether each statement is accurate

answer choices
Statement (1) accurate, Statement (2) inaccurate
Statement (1) inaccurate, Statement (2) inaccurate
Statement (1) accurate, Statement (2) accurate
Statement (1) inaccurate, Statement (2) accurate
36. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Modern businesses may create digital assets and earn revenue by
licensing other organisations to use them.
Statement (1) Watermarks can be used to protect the security of
digital assets
Statement (2) Once a user has obtained a licence to use a digital
assets they are free to use or distribute the asset as they wish

Identify whether each statement is accurate.

answer choices
Statement (1) accurate, Statement (2) inaccurate
Statement (1) inaccurate, Statement (2) inaccurate
Statement (1) accurate, Statement (2) accurate
Statement (1) inaccurate, Statement (2) accurate
37. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Finax plc is a credit referencing organisation. It collects data on the
credit transactions of millions of people and commercial
organisations worldwide. Vertex Ltd has an arrangement with Finax
plc to access its store of big data so that it can make decisions on
whether to extend credit to new customers.

Which type of big data does Finax plc supply?

answer choices
Created big data
Provoked big data
Transacted big data
Compiled big data
38. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
There are several sources of big data available to business
organisations.

Statement (1) Open data is data primarily sourced from public sector
data, such as transport data and government financial data.
Statement (2) Human-sourced data is primarily from social networks,
emails and text messages

Identify whether each statement is accurate

answer choices
Statement (1) accurate; Statement (2) inaccurate
Statement (1) inaccurate; Statement (2) inaccurate
Statement (1) accurate; Statement (2) accurate
Statement (1) inaccurate; Statement (2) accurate
39. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
A system that allows people who do not know each other to trust a
shared record of events is an example of which type of technology?
answer choices
Distributed ledger
Cloud computing
Internet of things
Data analytics
40. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Tech Ltd has invented a device that allows the temperature controller
of the user's home to be adjusted automatically by an app on their
smartphone, using data about the weather.

Of which of the following types of technology is this an example?

answer choices
Distributed ledger
Cloud computing
Internet of things
Data analytics
41. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following definitions best describes the characteristic of
integrity in relation to the security of data and information systems?
answer choices
Data can be accessed as and when required, by authorised people
Data stored in the system is the same as its sources and has not been
altered or corrupted
Data is obtained from reliable and verifiable sources
Data cannot be accessed by anyone who does not have the right to see it
42. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Last year Rillet Ltd invested in a new information system to collect
and analyse big data in regards to the sale of one its products. Once
collected and analysed, the information was
then reported to the board of directors. The directors were so happy
with the system that it was expanded to report on all of the
company’s products. However, for one of the
products, an error in the system meant that a pattern in regards to
sales was identified that did not actually exist. As a consequence, the
directors made a business decision that made a substantial loss.
Which of the following risks of big data does this describe?
answer choices
Information overload
Workforce skills
Data dependency
Data security
43. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following is/are a type of digital asset?
(1) Image files copied from a website without the owner's knowledge
(2) Videos downloaded from YouTube
(3) Music downloaded from an artist's website
(4) Electronic versions of accounting standards downloaded from the
IASB
answer choices
(1) and (2) only
(2) and (4) only
(2), (3) and (4) only
(3) only
44. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Data verification is a form of:
answer choices
physical access control
output control
integrity control
security control
45. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Cranfield, a highway engineer, inputs some data about the stage of
completeness of the road-building project he is working on into his
laptop each night, and by the morning the system has produced a
report telling him which tasks will need completing that day and how
many labourers will be required. This is an example of:
answer choices
an expert system
a management information system
a transaction processing system
a human resources system
46. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Pap plc makes a single product with five operatives working five
machines in a 35 hour week, for which they are paid £8.50 per hour.
National insurance etc, adds another £150 to the weekly labour bill.
Last week the gross cost of labour was £2,050. In which internal
source should the managers of Pap plc refer to identify why the bill
was this size?
answer choices
The payroll
The computerised accounting system
The machine logs
The workers
47. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
What is the process where value is extracted from big data known as?
answer choices
Data science
Data extraction
Data analytics
Data creation
48. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The fact that financial statements should be free from bias is a facet
of which of thefollowing qualitative characteristics of financial
information?
answer choices
A Relevance
B Faithful representation
C Comparability
D Understandability
49. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following groups is not a primary user of a company's
financial statements?
answer choices
The government
Shareholders
Potential investors
Lenders
50. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Hob plc needs to ensure that the prices it sets for the services of its
consultants are rigorously and accurately prepared. To effect this, it
needs a pricing system as part of its:
answer choices
financial accounting system
operations system
marketing system
human resources system
51. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following is the CATIVA definition of verifiability of
information processing?
answer choices
The data remains true to its sources and contains no errors
The process is not open to unauthorised intervention or amendment
The effectiveness of processing is open to scrutiny so that its quality can be
judged
The trail from data through processing to output information can be
followed through
52. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following statements about the value of information is
true?
answer choices
It is always a measure of its scarcity
It is subjective
It is undermined if it is too accessible
It is independent of its source
53. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Rachel has presented some information on how to measure
performance to a panel of managers at Jab plc. She found this
information on the internet the previous evening as a PowerPoint file
and has presented it to the panel unedited. Within five minutes they
found it to be highly informative and targeted at the issues they are
concerned with. The drawback to the information as presented by
Rachel is that it fails to meet the ACCURATE criteria for good
information of:
answer choices
Being cost beneficial
Being relevant
Being easy to use
Being authoritative
54. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Ian has to make a decision about whether to allow overtime tonight
to Gonzalez, a customer service adviser, but he is unsure whether this
extra time is needed between 7pm and 9pm on a Wednesday. The
type of information he needs to answer this query is:
answer choices
planning
operational
tactical
strategic
55. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Womble plc's managers are quick to address immediate problems as
they arise in operations on the basis of financial information they
receive. The company's trial balance always agrees. Monthly variance
reports, however, consistently show that the operation is failing to
meet its targets. It would appear that Womble plc's financial
information fails to provide managers information for:
answer choices
decision making
recording transactions
planning and control
measuring performance
56. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Gamma Bank produces daily reports for each of its 250 branches.
These enable staff to monitor and manage customer accounts where
an unauthorised overdraft has either arisen or increased during the
last business day. In terms of financial information, these reports can
be classified as:
answer choices
planning information
operational information
tactical information
strategic information
57. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The market research department of Tetro plc increasingly makes use
of information from the internet to analyse its competitive
environment and the market responses to new product offerings. Use
of information from this source raises concerns regarding which
characteristic of useful information?
answer choices
Completeness
Authority
Cost-effectiveness
Relevance
58. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Identify which of the following statements about an information
processing system is correct.
answer choices
Rules and information are processed to suggest decisions
Information is input and processed to produce data
Data are input and processed to produce information
Rules and information are used to produce data
59. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The finance director of Amalgam plc wants to tell her fellow directors
about what undermines the usefulness of published financial
statements. Which three of the following issues should she highlight
in this regard?
answer choices
Accounting standards mean financial statements are comparable across
periods
Financial statements are aggregated
Financial statements contain expectations about the future
Financial statements reflect the past
Narrative, non-financial information is absent from the financial statements
60. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Megasave Supermarkets operates a chain of discount food stores. The
company's point-of-sale terminals produce information that is used
by the logistics division to determine delivery requirements for each
store. To be effective, the logistics division's information processing
must meet the criteria of completeness, timeliness and verifiability.
Which three of the following criteria must also be met?
answer choices
Accountability
Inalterability
Accuracy
Assessability
Inclusiveness
61. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The finance function of Almerica plc uses check digits and control
totals in its financial reporting system to maintain its integrity. These
two input controls are a form of:
answer choices
data verification
data validation
range check
limit check
62. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Financial statements must be prepared in a way that considers
materiality. This is an aspect of which of the following characteristics
of financial information?
answer choices
Understandability
Relevance
Faithful representation
Comparability
63. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The chief executive of Rumbold plc is not sure how useful the
company's financial statements are. The finance director of the
company has identified that they help shareholders make decisions.
In addition the statement of profit or loss and the statement of
financial position serve the useful purpose of:
answer choices
providing narrative descriptions of governance and control
providing narrative description of major operations
providing forward-looking information
showing the results of management's stewardship of the resources
entrusted to them
64. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
For financial information to meet its objectives it must be prepared
on the basis of which two underlying assumptions?
answer choices
Prudence and going concern
Prudence and the accruals basis of accounting
Going concern and the accruals basis of accounting
Going concern and materiality
65. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
A system that aims to increase the productivity of data and
information workers is:
answer choices
an expert system
an executive support system
a decision support system
an office automation system
66. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which characteristic of big data is described by the statement below?
Big data is available in a large range of areas.
answer choices
Variety
Velocity
Volume
Veracity
67. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following describes a characteristic of big data?
answer choices
Access to big data is difficult
The volume of big data is so great that it takes a long time for a business to
process it
Big data is highly structured and requires little analysis before it can be
used
Big data should be 'cleaned up' before it can be used
68. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which three of the following statements about data analytics are
correct?
answer choices
Information produced by data analytics takes time to process and
therefore is not available in real time
Information produced by data analytics can help with the pricing of goods
Information produced by data analytics can be used to design new
products
Information produced by data analytics only provides insights into areas
that the business fully understands
Information produced by data analytics helps improve business decisions
69. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following statements about data analytics is correct?
answer choices
The output of data analytics is only in a non-visual form
Data analytics produces information in a pre-determined format
In data analytics, data is assembled using fields within the source data itself
There are considerable limitations to the information that can be produced
using data analytics
70. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following is an advantage of cloud accounting?
answer choices
Access to the software does not rely on an internet connection
More than one person can have access to the software at any one time
Data is stored on the user's computer
The user is in control of the security of data
71. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Big data can be classified into a number of types, including structured
and unstructured data.
Which of the following is an example of structured big data?
answer choices
Text messages
Pictures uploaded to social media
Medical records
Internet searches
72. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following are sources of big data?

1. The internet of things

2. A business's internal computer system
3. Social media
4. Blogs

answer choices
1 and 3 only
2 only
3 and 4 only
1, 2, 3 and 4
73. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
In regard to cyber attacks, which three of the following have been
identified by McKinsey as ways in which big data and data analytics
can assist a business?
answer choices
Identifying the risk of cyber attack
Quantifying the risk of cyber attack
Management of the risk of cyber attack
Elimination of the risk of cyber attack
Recovery from cyber attack
74. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
Which of the following describes distributed ledger technology?
answer choices
Technology that allows a business to store data on the internet
Technology that allows people to control household appliances via their
smartphone
Technology that provides security from cyber risk
Technology that allows people who do not know each other to trust a
shared record of events
75. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The following statements have been made about data science.

Statement (1) Data science concerns the tools and methods used to
obtain and manage data
Statement (2) Data science concerns the extraction of value from data
and translating it into a product.

Identify whether each statement is accurate.

answer choices
Statement (1) accurate; Statement (2) inaccurate
Statement (1) inaccurate; Statement (2) inaccurate
Statement (1) accurate; Statement (2) accurate
Statement (1) inaccurate; Statement (2) accurate
76. Multiple-choice
 
Report an issue
2 minutes
5 points
Q. 
The following statements have been made about digital assets.

Statement (1) Digital files are only classified as digital assets if the
right to use the file is included
Statement (2) Digital assets cease to exist when technology
progresses

Identify whether each statement is accurate.

answer choices
Statement (1) accurate; Statement (2) inaccurate
Statement (1) inaccurate; Statement (2) inaccurate
Statement (1) accurate; Statement (2) accurate
Statement (1) inaccurate; Statement (2) accurate
77. Multiple-choice
 
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Q. 
The finance director of Amalgam plc is preparing a presentation to his
fellow directors in which he wishes to set out the factors that
undermine the usefulness of conventional financial statements.
Which THREE of the following factors would he highlight in this
regard?
answer choices
The fact that accounting standards mean that financial statements are
comparable across periods.
The fact that financial statements are aggregated.
The fact that financial statements contain expectations about the future.
The fact that financial statements reflect the past.
The fact that narrative, non-financial information is absent from the
financial statements.
78. Multiple-choice
 
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Q. 
Which of the following is the name given to a type of computer-based
information system that uses and combines mathematical models to
assist with finding solutions to management problems?
answer choices
Management information system
Decision support system
Expert system
Executive information system
79. Multiple-choice
 
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Q. 
Which of the following is not part of the ACIANA criteria for
information security?
answer choices
Integrity
Authenticity
Authorisation
Assessability
80. Multiple-choice
 
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Q. 
H purchases a new computer system. It allows him to input his
personal income for the year, which comes from a number of
different sources, and then automatically calculates his personal tax
liability.

H has purchased _______________________ system.

answer choices
a management information
an expert
a decision support
81. Multiple-choice
 
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Q. 
Which TWO of the following are NOT characteristics of good
information?
answer choices
Complete
Authoritative
Correct
Timely
Realistic
82. Multiple-choice
 
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Q. 
Koopa has recently purchased a new IT system. The system helps
Koopa by summarising all of the basic transactions from his business
and summarising them. It also allows Koopa to undertake some basic
analysis of the transactions – such as how many sales have been
made by each of his shops.
What type of IT system has Koopa purchased?
answer choices
Transaction processing system (TPS)
Decision support system (DSS)
Executive information system (EIS)
Management information system (MIS)
83. Multiple-choice
 
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Q. 
Carnivale plc is a large company based in country G. It is currently
considering the purchase of a new computer system that will help
senior managers to model the entire business. The new system will
monitor both the internal and external environment of Carnivale and
will provide managers with information on both company
performance and on any relevant external issues.
Which type of information system is Carnivale planning to buy?
answer choices
Executive Information System (EIS)
Management Information System (MIS)
Decision Support System (DSS)
Expert System (ES)
84. Multiple-choice
 
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Q. 
The till system in place at Freshfields Supermarket plc records details
of all transactions and products sold as they are scanned through the
point of sale.
This is an example of:
answer choices
An expert system
A management information system
A transaction processing system
A executive information system
85. Multiple-choice
 
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Q. 
Which of the following is NOT an attribute of good information?
answer choices
Relevant
Confidential
Timely
Cost effective
86. Multiple-choice
 
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Q. 
Which of the following statements about Big Data is false?
answer choices
Big data does not include traditional data such as sales history,
preferences, order frequency and pricing information.
Big Data management involves using sophisticated systems to gather, store
and analyse large volumes of data.
Big Data can include information from websites, trade publications and
social networks.
Data can be in structured and unstructured formats.
87. Multiple-choice
 
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Q. 
A firm of accountants installs a new information system that contains
all the relevant personal tax regulations for their clients. The system
enables the firm to input a client’s details and the system will
calculate their tax liability automatically.
A system of this kind is an example of an expert system.
Is this statement true or false?
answer choices
True
False