Accounting Information Systems, 16th Edition by Marshall B Romney -ISBN:9780730302476 All Chapters (1-24) Latest Test Bank

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,Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romn
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ey

All Chapters
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Accounting Information Systems, 16e (Romney)x@ x@ x@ x@


Chapter 1 Conceptual Foundations of Accounting Information Systems
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1 Distinguish data from information, discuss the characteristics of useful information, an
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d explain how to determine the value of information.
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1) Which of the following statements below shows the contrast between data and information?
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A) Data is the primary output of an accounting information system.
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B) Information is the primary output of an accounting information system.
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C) Data is more useful in decision making than information.
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D) Data and information are the sa
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me. Answer: B
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Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy x @


AACSB: Analytical Thinking x@




2) When a subsystem's goals are inconsistent with the goals of another subsystem or
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with the system as a whole, it creates
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A) system inconsistence. x@


B) system conflict. x@


C) goal inconsistence.x@


D) goal conflict x@


.
Answer: D x @ x @


Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy x @


AACSB: Analytical Thinking x@




3) When a subsystem achieves its goals while contributing to the organization's overall go
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al, it is called
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A) system match. x@


B) system congruence. x@


C) goal congruence. x@


D) goal match x@


. Answer: C
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Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy x @


AACSB: Analytical Thinking x@




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,4) Information is best described as x@ x@ x@ x@


A) raw facts about transactions.
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B) data that has been organized and processed so that it is meaningful to the user.
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C) facts that are useful when processed in a timely manner.
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D) the same thing as da
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ta.
Answer: B x @ x @


Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy
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AACSB: Analytical Thinking x@




5) The value of information can best be determined by
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A) its usefulness to decision makers.
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B) its relevance to decision makers.
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C) the benefits associated with obtaining the information minus the cost of producing it.
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D) the extent to which it optimizes the value ch
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ain. Answer: C
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Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Moderate
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AACSB: Analytical Thinking x@




6) An accounting information system (AIS) processes
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A) data; information x@


B) data; transactionsx@


C) information; data x@


D) data; benefit x@


s Answer: A
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Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy
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AACSB: Analytical Thinking x@




7) information reduces uncertainty, improves decision makers' ability to x@ x@ x@ x@ x@ x@ x@ x@


make predictions, or confirms expectations.
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A) Timely
B) Accurate
C) Relevant
D) Complete
Answer:
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C
Concept: Information needs and business processes
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Objective: Learning Objective 1 x @ x@ x@


Difficulty: Easy x @ x @


AACSB: Analytical Thinking x@




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, 8) Information that is free from error or bias and faithfully represents the events or acti
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vities of the organization is
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A) relevant.
B) accurate.
C) verifiable.
D) timely. x@


Answer: x @


B
Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy
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AACSB: Analytical Thinking x@




9) Information that does not omit important aspects of the underlying events or activities
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@that it measures is
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A) complete.
B) available.
C) relevant.
D) timely. x@


Answer: x @


A
Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy
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AACSB: Analytical Thinking x@




10) Information is x@ x@


when two knowledgeable people independently produce the same information.
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A) verifiable
B) relevant
C) accurate
D) complete
Answer:
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A
Concept: The concept of information
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Objective: Learning Objective 1 Diffic
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ulty: Easy
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AACSB: Analytical Thinking x@




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