ACC 309 - Chapter 1

Question 1

Newsletter with subscription rate of $299 and 190 subscribers costs $12,000. Value of the information to subscribers is

Accepted Answer

at least $299

Question 2

The value of information can best be determined by

Accepted Answer

benefits associated with obtaining information minus cost of producing it

Question 3

When a subsystem achieves its goals while contributing to the organization&#x27;s overall goal, it is called

Accepted Answer

goal congruence

Question 4

Accounting information plays major roles in managerial decision making by

Accepted Answer

All of these

Question 5

________ is a distributed ledger created using cryptography.

Accepted Answer

Blockchain

Question 6

Use of software and algorithms to find and solve problems and improve business performance is called what?

Accepted Answer

data analytics

Question 7

One activity within the value chain is research and development. This activity can be identified as a

Accepted Answer

technology activity

Question 8

Information that is free from error or bias and accurately represents the events or activities of the organization is

Accepted Answer

accurate

Question 9

In a gourmet coconut business Ann sends letters to wholesalers promoting the latest nuts. This value chain function is

Accepted Answer

marketing and sales

Question 10

Current ROI is 10%. The product innovation team has new product with 15% ROI. Awarding bonuses based on ROI resulted in

Accepted Answer

goal congruence

Questions 10