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Problem 1: The second function of the AIS is to provide:
A. Management with information useful for decision making
B. Auditors with a clear understanding of the errors and irregularities
C. Adequate controls to ensure that data are recorded and processed accurately
D. All of the above
Problem 2: Which of the following decision is concerned with establishing organizational objectives and policies for accomplishing those objectives?
A. Strategic planning
B. Operational control
C. Management control
D. None of the above
Problem 3: What is an AIS?
A. It is data that has been organized and processed so that it is meaningful.
B. It is the integration of financial data and other nonfinancial operating data.
C. It is the benefit produced by the information minus the cost of producing it.
D. It is a set of two or more interrelated components that interact to achieve a goal.
Financial Statement Analysis and Preparation
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