[TEST BANK] ACCOUNTING
op op
INFORMATION SYSTEMS, 15TH
op op op
EDITION BY ROMNEY,
op op op
STEINBART, SUMMERS, WOOD
op op op
, Chapter 1
op o p Accounting Information Systems: An Overview
op op op op
1.1 Distinguish opdata opfrom opinformation, opdiscuss opthe opcharacteristics opof opuseful
opinformation, opand opexplain ophow opto opdetermine opthe opvalue opof opinformation.
1) Which opof opthe opfollowing opstatements opbelow opshows opthe opcontrast opbetween
opdata opand opinformation?
A) Data opis opthe opoutput opof opan opAIS.
B) Information opis opthe opprimary opoutput opof opan opAIS.
C) Data opis opmore opuseful opin opdecision opmaking opthan opinformation.
D) Data opand opinformation opare opthe opsame.
Answer: o p B
2) Information opis opbest opdescribed opas
A) raw opfacts opabout optransactions.
B) data opthat ophas opbeen oporganized opand opprocessed opso opthat opit opis opmeaningful opto opthe opuser.
C) facts opthat opare opuseful opwhen opprocessed opin opa optimely opmanner.
D) the opsame opthing opas opdata.
Answer: o p B
3) The opvalue opof opinformation opcan opbest opbe opdetermined opby
A) its opusefulness opto opdecision opmakers.
B) its oprelevance opto opdecision opmakers.
C) the opbenefits opassociated opwith opobtaining opthe opinformation opminus opthe opcost opof opproducing opit.
D) the opextent opto opwhich opit opoptimizes opthe opvalue opchain.
Answer: o p C
4) An opaccounting opinformation opsystem op(AIS) opprocesses op to opprovide opusers opwith
.
A) data; opinformation
B) data; optransactions
C) information; opdata
D) data;
benefits
op
op Answer: o p A
5) information opreduces opuncertainty, opimproves opdecision opmakers' opability opto
opmake oppredictions, opor opconfirms opexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
opAnswer:
o p C
6) Information opthat opis opfree opfrom operror opor opbias opand opaccurately oprepresents opthe opevents opor
opactivities opof opthe oporganization opis
A) relevant.
B) reliable op/ opFaithful opRepresentation.
C) verifiable.
D) timely.
Answer: o p B
7) Information opthat opdoes opnot opomit opimportant opaspects opof opthe opunderlying opevents opor
opactivities opthat opit opmeasures opis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: o p A
8) Information opis op when optwo opknowledgeable oppeople opindependently opproduce
opthe opsame opinformation.
A) verifiable
B) relevant
C) reliable
D) complete
opAnswer:
o p A
9) Data opmust opbe opconverted opinto opinformation opto opbe opconsidered opuseful opand
opmeaningful opfor opdecision opmaking. opThere opare opsix opcharacteristics opthat opmake
opinformation opboth opuseful opand opmeaningful. opIf opinformation opis opfree opfrom operror opor opbias
opand opaccurately oprepresents opthe opevents opor opactivities opof opthe oporganization, opit opis
oprepresentative opof opthe opcharacteristic opof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
op op
INFORMATION SYSTEMS, 15TH
op op op
EDITION BY ROMNEY,
op op op
STEINBART, SUMMERS, WOOD
op op op
, Chapter 1
op o p Accounting Information Systems: An Overview
op op op op
1.1 Distinguish opdata opfrom opinformation, opdiscuss opthe opcharacteristics opof opuseful
opinformation, opand opexplain ophow opto opdetermine opthe opvalue opof opinformation.
1) Which opof opthe opfollowing opstatements opbelow opshows opthe opcontrast opbetween
opdata opand opinformation?
A) Data opis opthe opoutput opof opan opAIS.
B) Information opis opthe opprimary opoutput opof opan opAIS.
C) Data opis opmore opuseful opin opdecision opmaking opthan opinformation.
D) Data opand opinformation opare opthe opsame.
Answer: o p B
2) Information opis opbest opdescribed opas
A) raw opfacts opabout optransactions.
B) data opthat ophas opbeen oporganized opand opprocessed opso opthat opit opis opmeaningful opto opthe opuser.
C) facts opthat opare opuseful opwhen opprocessed opin opa optimely opmanner.
D) the opsame opthing opas opdata.
Answer: o p B
3) The opvalue opof opinformation opcan opbest opbe opdetermined opby
A) its opusefulness opto opdecision opmakers.
B) its oprelevance opto opdecision opmakers.
C) the opbenefits opassociated opwith opobtaining opthe opinformation opminus opthe opcost opof opproducing opit.
D) the opextent opto opwhich opit opoptimizes opthe opvalue opchain.
Answer: o p C
4) An opaccounting opinformation opsystem op(AIS) opprocesses op to opprovide opusers opwith
.
A) data; opinformation
B) data; optransactions
C) information; opdata
D) data;
benefits
op
op Answer: o p A
5) information opreduces opuncertainty, opimproves opdecision opmakers' opability opto
opmake oppredictions, opor opconfirms opexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
opAnswer:
o p C
6) Information opthat opis opfree opfrom operror opor opbias opand opaccurately oprepresents opthe opevents opor
opactivities opof opthe oporganization opis
A) relevant.
B) reliable op/ opFaithful opRepresentation.
C) verifiable.
D) timely.
Answer: o p B
7) Information opthat opdoes opnot opomit opimportant opaspects opof opthe opunderlying opevents opor
opactivities opthat opit opmeasures opis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: o p A
8) Information opis op when optwo opknowledgeable oppeople opindependently opproduce
opthe opsame opinformation.
A) verifiable
B) relevant
C) reliable
D) complete
opAnswer:
o p A
9) Data opmust opbe opconverted opinto opinformation opto opbe opconsidered opuseful opand
opmeaningful opfor opdecision opmaking. opThere opare opsix opcharacteristics opthat opmake
opinformation opboth opuseful opand opmeaningful. opIf opinformation opis opfree opfrom operror opor opbias
opand opaccurately oprepresents opthe opevents opor opactivities opof opthe oporganization, opit opis
oprepresentative opof opthe opcharacteristic opof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
