Month: December 2024

Accounting Multiple Choice Question – 16 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Which of the following statements concerning management information systems and transaction processing systems is correct?

Select ONE answer:

  1. A management information system is likely to be the foundation of a transaction processing system
  2. Management information systems and transaction processing systems are usually independent
  3. Management information systems and transaction processing systems are synonymous
  4. A transaction processing system is likely to be the foundation of a management information system

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > A management information system concentrates on producing useful reports from internal data. Much of the internal data will arise from transactions that have been recorded by the transaction processing system.

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Accounting Multiple Choice Question – 15 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The information system employed by Ted The Bear plc 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 or access attempts made by Ted’s employees who are users of the system.

All transactions are tagged to identify the person responsible for that processing task.

The log-on details of the user determine processing privileges within the information system.

Which ONE of the following control objectives should this system effectively address?

Select ONE answer:

  1. Correction
  2. Accuracy
  3. Deterrence
  4. Completeness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct == > Because any transaction can be traced to the perpetrator (user) trying to access the information system, the log will aid detection or deterrence. The log can do little about correction, completeness or accuracy of what the user enters into the information system.
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 14 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The information system employed by Ted The Bear plc 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 or access attempts made by Ted’s employees who are users of the system.

All transactions are tagged to identify the person responsible for that processing task.

The log-on details of the user determine processing privileges within the information system.

Which ONE of the following control objectives should this system effectively address?

Select ONE answer:

  1. Correction
  2. Detection
  3. Accuracy
  4. Completeness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct == > Because any transaction can be traced to the perpetrator (user) trying to access the information system, the log will aid detection or deterrence. The log can do little about correction, completeness or accuracy of what the user enters into the information system.
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 13 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The information system employed by Ted The Bear plc 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 or access attempts made by Ted’s employees who are users of the system.

All transactions are tagged to identify the person responsible for that processing task.

The log-on details of the user determine processing privileges within the information system.

Which ONE of the following control objectives should this system effectively address?

Select ONE answer:

  1. Prevention
  2. Correction
  3. Accuracy
  4. Completeness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct == > The log should help to prevent unauthorised processing as processing privileges of the users are defined by the log-in details they provide. The log can do little about correction, completeness or accuracy of what the user enters into the information system.
  2. Not correct
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 12 December 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex who is the information systems manager of Lucy plc is very keen that all data on the company’s databases are the same as their sources and have not been accidentally or deliberately altered, destroyed or disclosed.

Alex’s concern, is therefore with?

Select ONE answer:

  1. Data accuracy
  2. Data integrity
  3. Data authenticity
  4. Data completeness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct == > Alex’s comments are simply a common definition of the quality of data integrity. It is achieved by preventing accidental or deliberate but unauthorised insertion, modification or destruction of data in the database.
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.