T1: Overview of Accounting Systems

Input is _______________.

• Any data and instruction entered into the memory of a computer

• Location in which data, programs and information are held for future uses

• Transforming data into information

• Presenting the results

Data differ from information in which way?

• Information is output, and data is input.

• Data are output, and information is input.

• Data are meaningful bits of information.

• There is no difference.

Device(s) used to enter data into memory of computer. Select any TWO.

• Monitor

• Processor

• Stylus pen

• QR code scanner

In which cycle does a company deliver good to customer?

• Expenditure Cycle

• Production Cycle

• Financing Cycle

• Revenue Cycle

In which cycle does a company obtain fund from the lenders?

• Production Cycle

• Expenditure Cycle

• Financing Cycle

• Revenue Cycle

When data are processed, organized or presented they all called information.

• True
• False

Information output is the final steps in the data processing cycle.

• True

• False

Which of the following is NOT one of the major businesses processes or transaction cycles?

• Revenue

• Financing

• Marketing

• Expenditure

This result when "a subsystem achieves its goals while contributing to the organizations overall goal."

• Goal conflict

• Goal congruence

• Mission complete

• Mission congruence