TEST BANK FOR ACCOUNTING INFORMATION SYSTEM 1ST EDITION BY ARLINE SAVAGE A+

TestBankforAccountingInformationSystems,1st
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Edition byArline A. Savage
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TESTBANKFORACCOUNTINGINFORMATIONSYSTEM 1ST
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j EDITION BY ARLINE SAVAGE A+ j j j j




Chapter01: Accountingas Information j j j j




1) Accountingcommunicates to stakeholders j j j




A) minimallyrequired public financial data. j j j j




B) thefinancial outcomes of operating, investing, and financingactivities.
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C) thesales strategyfor the operating, marketing, and sales activities.
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D) blackandwhitedetailsabouttheeconomicsofoperatingactivities.Answer:B Diff: 1
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LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Communication Bloom's:
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Comprehension AICPA: AC: Reporting
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2) Accountingcommunicates the financial outcomes of abusiness's activities for
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A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesarecorrect.Answer:D
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Diff: 1
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LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Communication Bloom's:
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Comprehension AICPA: AC: Reporting
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3) In what waydo management teams useaccountingdata?
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A) Management teams use accountingdata to makebusiness decisions. j j j j j j j j




B) Management teams use accountingdata to make and execute plans. j j j j j j j j j




C) Managementteams use economic and accounting data togetherto make decisions. j j j j j j j j j j




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,TestBankforAccountingInformationSystems,1st
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Edition byArline A. Savage
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D) Alloftheseanswerchoicesarecorrect.Answer:D
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Diff: 1
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LearningObjective:1.1 Explain howaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Comprehension
AICPA: AC:Risk Assessment,Analysis, and Management
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4) Which statement is TRUE? j j j




A) Accountingconsists of rigid black and white rules. j j j j j j j




B) Accountants crunch numbers, not makedecisions. j j j j j




C) Accountinghelps support a prosperous society. j j j j j




D) Accountantsfocusondebitsandcredits,notbusinessactivities.Answer:C Diff: j j j j j j j j j j j




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LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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Comprehension AICPA: N/A
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5) Whichofthe followingis NOT acomponent of an information system?
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A) Hardware
B) Software
C) Input
D) NetworkAnswer: C Diff: 1 j j j j




LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Knowledge
AICPA: AC:Systems andProcess Management
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,TestBankforAccountingInformationSystems,1st
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Edition byArline A. Savage
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6) Input toan informationsystemconsists of
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A) rawand unorganized data.
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B) hardwareand software. j j




C) reportedinformation. j




D) processeddata. j




Answer: A j




Diff:1 j




LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Knowledge
AICPA: AC:Systems andProcess Management
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7) Whichofthe followingis a definition of output from an information system?
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A) Output is raw and unorganized data. j j j j j




B) Output is information produced byprocessingdata.j j j j j j




C) Output is database facts and figures. j j j j j




D) Output is information collected from users. Answer: B
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Diff:1 j




LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Comprehension
AICPA: AC:Systems andProcess Management
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8) Which statement concerningdata is TRUE? j j j j j




A) Data is useless to abusiness until transformed into information.
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B) Data is the output from an information system.
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C) Dataisorganized intounderstandable formats.
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D) Data is processed before beinginput into the information system. Answer: A
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, TestBankforAccountingInformationSystems,1st
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Edition byArline A. Savage
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Diff:1 j




LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Comprehension
AICPA: AC:Systems andProcess Management
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9) WhichofthefollowingactivitieswouldNOTresultinatransactioninanaccounting
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information system?
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A) Sellgoods to acustomer on account
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B) Purchasesupplies on credit j j j




C) Prepayforsix months of insurance j j j j j




D) ReceiveacustomerorderAnswer:D j j j j j




Diff: 2
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LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic Bloom's:
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j Application
AICPA: AC:Systems andProcess Management
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10) Whichofthefollowingactivitiesresultsinatransactionanaccountinginformation
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system?
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A) Sell goods toa customer
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B) Submit an order to avendor j j j j j




C) Createestimates for a customer
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D) ReceiveacustomerorderAnswer:A j j j j j




Diff: 2
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LearningObjective:1.1 Explainhowaccountingaffectsboththedemandforandsupplyof information.
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SectionReference: Whyis Accounting Information Important? AACSB:Analytic
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