Tag: Risk

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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Alex who is the information systems manager of Jessop Ltd is keen that all data input into the company’s databases should be complete and accurate.

As part of his information management role, he uses control totals.

Using control totals should help to deliver what type of comfort to Alex?

Select ONE answer:

1. Completeness only
2. Accuracy only
3. Both accuracy and completeness
4. Neither accuracy nor 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 == > A pre-established control total will reconcile if data is subsequently entered inaccurately, or not all data is entered. The control total, therefore, addresses both completeness and accuracy.
4. Not correct

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

Alex who is the information systems manager of Lucy plc is very keen that all data input into the company’s databases should be complete and accurate.

As part of his information management role, Alex makes use of range checks.

The use of range checks should help to deliver?

Select ONE answer:

1. Completeness only
2. Accuracy only
3. Both accuracy and completeness
4. Neither accuracy nor 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 == > A range check can give some assurance that a value is accurate (for example, months in a date should be from 1 to 12). A range check can give no assurance that all transactions have been accounted for.
3. Not correct
4. Not correct

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

The directors of Alex plc have recently approved establishing an extensive management information system within one of the company’s subsidiaries, called Lucy Ltd.

In arriving at this decision, the directors were likely to have been conscious that the operations of Lucy Ltd were largely characterised by?

Select ONE answer:

1. Structured decisions
2. Unstructured decisions
3. Non-programmable decisions
4. Non-routine decisions

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 == > Structured decisions can be reduced to a series of rules which, if followed, will lead to the correct decision being made. This is what management information systems specialise in.
2. Not correct
3. Not correct
4. Not correct

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

Alex plc produces monthly variance reports for all its production managers, showing the extent and cause of any variances from the company’s production plans.

These reports enable managers to take corrective action during the following month.

In terms of financial information, these reports can be classified as?

Select ONE answer:

1. Planning information
2. Operational information
3. Tactical information
4. Strategic information

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 == > Tactical information (3) helps staff deal with short-term issues and opportunities. Operational information (2) is concerned with day-to-day issues. Strategic information (4) has longer-term concerns than both tactical and operational information. Planning information specifically helps staff involved in the planning process (1).
4. Not correct

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