[TEST BANK] ACCOUNTING
od od
INFORMATION SYSTEMS, 15TH
od od od
EDITION BY ROMNEY,
od od od
STEINBART, SUMMERS, WOOD
od od od
, Chapter 1
od o d Accounting Information Systems: An Overview
od od od od
1.1 Distinguish oddata odfrom odinformation, oddiscuss odthe odcharacteristics odof oduseful
odinformation, odand odexplain odhow odto oddetermine odthe odvalue odof odinformation.
1) Which odof odthe odfollowing odstatements odbelow odshows odthe odcontrast odbetween
oddata odand odinformation?
A) Data odis odthe odoutput odof odan odAIS.
B) Information odis odthe odprimary odoutput odof odan odAIS.
C) Data odis odmore oduseful odin oddecision odmaking odthan odinformation.
D) Data odand odinformation odare odthe odsame.
Answer: o d B
2) Information odis odbest oddescribed odas
A) raw odfacts odabout odtransactions.
B) data odthat odhas odbeen odorganized odand odprocessed odso odthat odit odis odmeaningful odto odthe oduser.
C) facts odthat odare oduseful odwhen odprocessed odin oda odtimely odmanner.
D) the odsame odthing odas oddata.
Answer: o d B
3) The odvalue odof odinformation odcan odbest odbe oddetermined odby
A) its odusefulness odto oddecision odmakers.
B) its odrelevance odto oddecision odmakers.
C) the odbenefits odassociated odwith odobtaining odthe odinformation odminus odthe odcost odof odproducing odit.
D) the odextent odto odwhich odit odoptimizes odthe odvalue odchain.
Answer: o d C
4) An odaccounting odinformation odsystem od(AIS) odprocesses od to odprovide odusers odwith
.
A) data; odinformation
B) data; odtransactions
C) information; oddata
D) data;
benefits
od
od Answer: o d A
5) information odreduces oduncertainty, odimproves oddecision odmakers' odability odto
odmake odpredictions, odor odconfirms odexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
odAnswer:
o d C
6) Information odthat odis odfree odfrom oderror odor odbias odand odaccurately odrepresents odthe odevents odor
odactivities odof odthe odorganization odis
A) relevant.
B) reliable od/ odFaithful odRepresentation.
C) verifiable.
D) timely.
Answer: o d B
7) Information odthat oddoes odnot odomit odimportant odaspects odof odthe odunderlying odevents odor
odactivities odthat odit odmeasures odis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: o d A
8) Information odis od when odtwo odknowledgeable odpeople odindependently odproduce
odthe odsame odinformation.
A) verifiable
B) relevant
C) reliable
D) complete
odAnswer:
o d A
9) Data odmust odbe odconverted odinto odinformation odto odbe odconsidered oduseful odand
odmeaningful odfor oddecision odmaking. odThere odare odsix odcharacteristics odthat odmake
odinformation odboth oduseful odand odmeaningful. odIf odinformation odis odfree odfrom oderror odor odbias
odand odaccurately odrepresents odthe odevents odor odactivities odof odthe odorganization, odit odis
odrepresentative odof odthe odcharacteristic odof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
od od
INFORMATION SYSTEMS, 15TH
od od od
EDITION BY ROMNEY,
od od od
STEINBART, SUMMERS, WOOD
od od od
, Chapter 1
od o d Accounting Information Systems: An Overview
od od od od
1.1 Distinguish oddata odfrom odinformation, oddiscuss odthe odcharacteristics odof oduseful
odinformation, odand odexplain odhow odto oddetermine odthe odvalue odof odinformation.
1) Which odof odthe odfollowing odstatements odbelow odshows odthe odcontrast odbetween
oddata odand odinformation?
A) Data odis odthe odoutput odof odan odAIS.
B) Information odis odthe odprimary odoutput odof odan odAIS.
C) Data odis odmore oduseful odin oddecision odmaking odthan odinformation.
D) Data odand odinformation odare odthe odsame.
Answer: o d B
2) Information odis odbest oddescribed odas
A) raw odfacts odabout odtransactions.
B) data odthat odhas odbeen odorganized odand odprocessed odso odthat odit odis odmeaningful odto odthe oduser.
C) facts odthat odare oduseful odwhen odprocessed odin oda odtimely odmanner.
D) the odsame odthing odas oddata.
Answer: o d B
3) The odvalue odof odinformation odcan odbest odbe oddetermined odby
A) its odusefulness odto oddecision odmakers.
B) its odrelevance odto oddecision odmakers.
C) the odbenefits odassociated odwith odobtaining odthe odinformation odminus odthe odcost odof odproducing odit.
D) the odextent odto odwhich odit odoptimizes odthe odvalue odchain.
Answer: o d C
4) An odaccounting odinformation odsystem od(AIS) odprocesses od to odprovide odusers odwith
.
A) data; odinformation
B) data; odtransactions
C) information; oddata
D) data;
benefits
od
od Answer: o d A
5) information odreduces oduncertainty, odimproves oddecision odmakers' odability odto
odmake odpredictions, odor odconfirms odexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
odAnswer:
o d C
6) Information odthat odis odfree odfrom oderror odor odbias odand odaccurately odrepresents odthe odevents odor
odactivities odof odthe odorganization odis
A) relevant.
B) reliable od/ odFaithful odRepresentation.
C) verifiable.
D) timely.
Answer: o d B
7) Information odthat oddoes odnot odomit odimportant odaspects odof odthe odunderlying odevents odor
odactivities odthat odit odmeasures odis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: o d A
8) Information odis od when odtwo odknowledgeable odpeople odindependently odproduce
odthe odsame odinformation.
A) verifiable
B) relevant
C) reliable
D) complete
odAnswer:
o d A
9) Data odmust odbe odconverted odinto odinformation odto odbe odconsidered oduseful odand
odmeaningful odfor oddecision odmaking. odThere odare odsix odcharacteristics odthat odmake
odinformation odboth oduseful odand odmeaningful. odIf odinformation odis odfree odfrom oderror odor odbias
odand odaccurately odrepresents odthe odevents odor odactivities odof odthe odorganization, odit odis
odrepresentative odof odthe odcharacteristic odof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
