Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
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Question
Chapter 10, Problem 1MCQ
To determine
Identify which one will be linked to economic event as per REA model from the given option.
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Students have asked these similar questions
Each economic event in an REA diagram is always a. linked to at least two resource entities. b. linked to two external agents. c. linked to two internal agents. d. linked to another economic event. e. linked to a support event.
In the REA data modeling technique, the identifiable objects that have economic value to the organization are called:
a. assets.
b. resources.
c. entities.
d. objects.
How are the value chain and management accounting related?
Distinguish between a cost center, a profit center, and an investment center using appropriate examples.
Chapter 10 Solutions
Accounting Information Systems
Ch. 10 - What is a user view?Ch. 10 - Prob. 2RQCh. 10 - Prob. 3RQCh. 10 - What are economic resources?Ch. 10 - What are economic events?Ch. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
Ch. 10 - Prob. 11RQCh. 10 - Prob. 12RQCh. 10 - Prob. 13RQCh. 10 - Prob. 14RQCh. 10 - Prob. 15RQCh. 10 - Prob. 16RQCh. 10 - Prob. 17RQCh. 10 - Prob. 18RQCh. 10 - Prob. 19RQCh. 10 - Prob. 20RQCh. 10 - Prob. 1DQCh. 10 - Explain the relationship between cardinality and...Ch. 10 - Prob. 3DQCh. 10 - Prob. 4DQCh. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - Distinguish between economic events and support...Ch. 10 - Prob. 8DQCh. 10 - Why are traditional accounting events, such as...Ch. 10 - Prob. 10DQCh. 10 - Prob. 11DQCh. 10 - Prob. 12DQCh. 10 - Prob. 1MCQCh. 10 - Which of the following is not a characteristic of...Ch. 10 - Prob. 3MCQCh. 10 - Which of the following associations would most...Ch. 10 - Prob. 5MCQCh. 10 - Prob. 6MCQCh. 10 - Prob. 7MCQCh. 10 - Prob. 8MCQCh. 10 - Prob. 9MCQCh. 10 - Prob. 10MCQCh. 10 - Prob. 1PCh. 10 - Bentley Restorations Company restores and sells...Ch. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Prepare an REA model depicting the issuance of raw...Ch. 10 - Cryogenics Inc., is a leading developer, designer,...Ch. 10 - Prob. 7PCh. 10 - Prob. 8PCh. 10 - Prob. 9PCh. 10 - Prob. 10P
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- Which of the following is nor a common goal of an organization? A. operational efficiency B. being acquired by another business C. achieving strategic goals D. measuring financial performancearrow_forwardWhat is the relationship between the value chain and management accounting? With the use of suitable examples, distinguish among a cost centre, profit centre and an investment centre.arrow_forwardClassify the following activities as per value chain analysis: 1.Communication, pricing and channel management 2.Installation, repairs & replacement 3.Planning and management 4.Infrastruacture of the companyarrow_forward
- Managerial accounting produces information: Select one: a. that follows the rules of GAAP b. to meet the needs of investors c. to meet the needs of external users d. that is often focused on the futurearrow_forwardWhich of the following is not true? A. Organizations share a common purpose or mission. B. Organizations have inflows and outflows of resources. C. Organizations add value to society. D. Organizations need accounting information.arrow_forwardDifferentiate between a profit center and an investment center.arrow_forward
- Which of the following is not a type of responsibility center? A. concentrated cost center B. investment center C. profit center D. cost centerarrow_forwardAn important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.arrow_forwardWhich of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitabilityarrow_forward
- Which of the following objectives would be associated with the process perspective? a. Increasing information system capabilities b. Increasing service quality c. Decreasing unit product cost d. Increasing customer satisfactionarrow_forwardWhich of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imaginationarrow_forwardIn a centralized organization, where are goals established? A. at the lower level of the organization and promoted upward B. outside the organization based on best practices in the industry C. by each segment of the organization D. at the highest level of the organization and promoted downwardarrow_forward
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