Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

Test Bank
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for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by
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Arline A. Savage, Danielle Brannock and Alicja Foksinska ISBN-9781119744474 All Chapters
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Latest Verified Edition Complete Guide Graded A+
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AccountingInformationSystems,1e(Savage)
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Chapter 1 Accounting as Information
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All Chapters
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1) Accounting communicates to stakeholders e e e



A) minimallyrequired public financial data.
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B) thefinancial outcomes of operating, investing, and financing activities.
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C) the sales strategy for the operating, marketing, and sales activities.
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D) black and white details about the economics of operating activities.
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eAnswer: B
Diff: 1
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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einformation.
Section Reference: Whyis Accounting Information Important?
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eAACSB: Communication
Bloom's:
Comprehension AICPA: e



AC: Reporting
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2) Accounting communicates the financial outcomes of a business's activities for
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A) operating.
B) investing.
C) financing.
D) All oftheseanswer choices arecorrect.
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eAnswer: D
Diff: 1
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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einformation.
Section Reference: Whyis Accounting Information Important?
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eAACSB: Communication
Bloom's:
Comprehension AICPA: e



AC: Reporting
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3) In what way do management teams use accounting data?
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A) Management teams use accounting data to make business decisions.
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B) Management teams use accounting data to make and execute plans.
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C) Management teams use economic and accounting data together to make decisions.
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D) All of these answer choices are correct.
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,Answer: D Diff: 1 e



Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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einformation.
Section Reference: Whyis Accounting Information Important?
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eAACSB: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, and Management
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, 4) Which statement is TRUE? e e e



A) Accounting consists of rigid black and white rules. e e e e e e e



B) Accountants crunch numbers, not make decisions. e e e e e



C) Accounting helps support a prosperous society. e e e e e



D) Accountants focus on debits and credits, not business activities. e e e e e e e e



Answer: C
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Diff: 1 e



Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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information.
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Section Reference: Whyis Accounting Information Important?
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AACSB: Analytic
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Bloom's:
Comprehension AICPA: e



N/A

5) Which of the following is NOT a component of an information system?
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A) Hardware
B) Software
C) Input
D) Network
Answer: C
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Diff: 1
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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information.
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Section Reference: Whyis Accounting Information Important?
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AACSB: Analytic
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Bloom's: Knowledge
AICPA: AC: Systems and Process Management e e e e




6) Input to an information system consists of
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A) raw and unorganized data.
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B) hardware and software. e e



C) reported information. e



D) processeddata.
Answer: A
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Diff: 1
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supplyof
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information.
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Section Reference: Whyis Accounting Information Important?
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AACSB: Analytic
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Bloom's: Knowledge
AICPA: AC: Systems and Process Management e e e e




7) Which of the following is a definition of output from an information system?
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A) Output is raw and unorganized data.
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B) Output is information produced by processing data.
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C) Output is database facts and figures.
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D) Output is information collected from users.
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