Test Bank
zr
for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by
zr zr zr zr zr zr zr zr zr zr zr
Arline A. Savage, Danielle Brannock and Alicja Foksinska ISBN-
pezr zr zr zr zr zr zr zr zr
9781119744474 All Chapters Latest Verified Edition Complete Guide Graded A+
zr zr pezr zr zr zr zr zr zr
, AccountingInformationSystems1stEditionSavageTestBank
e e
InstantAccess
AccountingInformationSystems,1e(Savage)
pChapter 1 Accounting as Information
p p p
AllChapters
p p
1) Accountingcommunicates tostakeholders
e
A) minimallyrequired publicfinancial data. p p
B) thefinancialoutcomesof operating, investing, and financingactivities.
p p p p
C) thesalesstrategyfortheoperating, marketing, and sales activities.
p p p p p p p
D) blackandwhitedetailsabouttheeconomicsofoperatingactivities.
pAnswer: B
Diff:1
p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof e e
pinformation.
Section Reference: WhyisAccountingInformationImportant?
p
pAACSB: Communication
Bloom's:
Comprehension AICPA: p
AC: Reporting
p
2) Accountingcommunicates thefinancial outcomes ofabusiness's activities for
e p p p
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoices arecorrect.
e e e
pAnswer: D
Diff:1
p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof e e
pinformation.
Section Reference: WhyisAccountingInformationImportant?
p
pAACSB: Communication
Bloom's:
Comprehension AICPA: p
AC: Reporting
p
3) In what waydomanagement teamsuseaccounting data?
p p p p
A) Managementteams useaccountingdatatomakebusiness decisions.
p p
B) Managementteams useaccountingdata tomakeandexecute plans.
p p p
C) Managementteams useeconomicandaccountingdatatogethertomakedecisions.
p
D) Allofthese answerchoices arecorrect.
e
1
,Answer: D Diff: 1 p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Comprehension
AICPA: AC:Risk Assessment, Analysis, and Management
p p p p p
https://www.stuvia.com/user/Prose1
, 4) Whichstatement is TRUE? p p
A) Accountingconsists ofrigid black and whiterules. p p p p p
B) Accountants crunch numbers, notmakedecisions. p p p
C) Accountinghelps support aprosperoussociety. e p p
D) Accountantsfocusondebitsandcredits,notbusinessactivities. e
Answer: C
p
Diff:1 p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
p e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's:
Comprehension AICPA: p
N/A
5) Which of thefollowingis NOTacomponent ofan information system?
e p p p p p p p p p
A) Hardware
B) Software
C) Input
D) Network
Answer: C
p p
Diff: 1
p p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
p e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Knowledge
AICPA: AC: Systems and Process Management p p p p
6) Inputto an information systemconsists of
p p p p p
A) rawandunorganized data. p
B) hardwareandsoftware.
C) reportedinformation.
D) processeddata.
Answer: A
p
Diff: 1
p p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemandforandsupplyof
p e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Knowledge
AICPA: AC: Systems and Process Management p p p p
7) Which of thefollowingis a definition of output from an information system?
e p p p p p p p p p
A) Outputis rawand unorganized data. p p p p
B) Output isinformation produced byprocessing data.
p p p p p
C) Outputis databasefacts and figures. p p p
D) Output is information collected from users.
e p p p p
3
zr
for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by
zr zr zr zr zr zr zr zr zr zr zr
Arline A. Savage, Danielle Brannock and Alicja Foksinska ISBN-
pezr zr zr zr zr zr zr zr zr
9781119744474 All Chapters Latest Verified Edition Complete Guide Graded A+
zr zr pezr zr zr zr zr zr zr
, AccountingInformationSystems1stEditionSavageTestBank
e e
InstantAccess
AccountingInformationSystems,1e(Savage)
pChapter 1 Accounting as Information
p p p
AllChapters
p p
1) Accountingcommunicates tostakeholders
e
A) minimallyrequired publicfinancial data. p p
B) thefinancialoutcomesof operating, investing, and financingactivities.
p p p p
C) thesalesstrategyfortheoperating, marketing, and sales activities.
p p p p p p p
D) blackandwhitedetailsabouttheeconomicsofoperatingactivities.
pAnswer: B
Diff:1
p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof e e
pinformation.
Section Reference: WhyisAccountingInformationImportant?
p
pAACSB: Communication
Bloom's:
Comprehension AICPA: p
AC: Reporting
p
2) Accountingcommunicates thefinancial outcomes ofabusiness's activities for
e p p p
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoices arecorrect.
e e e
pAnswer: D
Diff:1
p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof e e
pinformation.
Section Reference: WhyisAccountingInformationImportant?
p
pAACSB: Communication
Bloom's:
Comprehension AICPA: p
AC: Reporting
p
3) In what waydomanagement teamsuseaccounting data?
p p p p
A) Managementteams useaccountingdatatomakebusiness decisions.
p p
B) Managementteams useaccountingdata tomakeandexecute plans.
p p p
C) Managementteams useeconomicandaccountingdatatogethertomakedecisions.
p
D) Allofthese answerchoices arecorrect.
e
1
,Answer: D Diff: 1 p
Learning Objective:
p 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Comprehension
AICPA: AC:Risk Assessment, Analysis, and Management
p p p p p
https://www.stuvia.com/user/Prose1
, 4) Whichstatement is TRUE? p p
A) Accountingconsists ofrigid black and whiterules. p p p p p
B) Accountants crunch numbers, notmakedecisions. p p p
C) Accountinghelps support aprosperoussociety. e p p
D) Accountantsfocusondebitsandcredits,notbusinessactivities. e
Answer: C
p
Diff:1 p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
p e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's:
Comprehension AICPA: p
N/A
5) Which of thefollowingis NOTacomponent ofan information system?
e p p p p p p p p p
A) Hardware
B) Software
C) Input
D) Network
Answer: C
p p
Diff: 1
p p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemand forandsupplyof
p e e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Knowledge
AICPA: AC: Systems and Process Management p p p p
6) Inputto an information systemconsists of
p p p p p
A) rawandunorganized data. p
B) hardwareandsoftware.
C) reportedinformation.
D) processeddata.
Answer: A
p
Diff: 1
p p
Learning Objective: 1.1Explainhowaccountingaffectsboththedemandforandsupplyof
p e
information.
p
Section Reference: WhyisAccountingInformationImportant?
p
AACSB: Analytic
p
Bloom's: Knowledge
AICPA: AC: Systems and Process Management p p p p
7) Which of thefollowingis a definition of output from an information system?
e p p p p p p p p p
A) Outputis rawand unorganized data. p p p p
B) Output isinformation produced byprocessing data.
p p p p p
C) Outputis databasefacts and figures. p p p
D) Output is information collected from users.
e p p p p
3
