Chapter 1: Accounting Information Systems and Firm Value
TEST BANK For Accounting Information Systems, Chapter 2: Data Analytics: Addressing Accounting Questions with Data
4th Edition by Vernon Richardson, Chapter 3: Data Analytics: Data Visualizations
Chapter 4: Process Modeling and Documentation Tools
Verified Chapters 1 - 17, Complete
Chapter 5: Data Modeling and Control Concepts
Chapter 6: Relational Databases and Enterprise Systems
Chapter 7: Sales and Collections Business Process
Chapter 8: Purchases and Payments Business Process
Chapter 9: Conversion Business Process
Chapter 10: Integrated Project
Chapter 11: Accounting Information Systems and Internal Controls
Chapter 12: Cybersecurity and Computer Fraud
Chapter 13: Monitoring and Auditing AIS
Chapter 14: eXtensible Business Reporting Language (XBRL)
Chapter 15: Emerging Technologies: Blockchain and AI Automation
Chapter 16: The Balanced Scorecard and Business Value of Information Technology
Chapter 17: Justifying and Planning IT Initiatives Using Project Management Techniques
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
Chapter 1 Accounting Information Systems and Firm Value 6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
1) Accounting and Finance is a primary activity in the value chain. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: The Value Chain and Accounting Information Systems 7) Data is defined as being information organized in a meaningful way that is useful to the user.
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
ANSWER: FALSE
Bloom's: Remember
Diff: 1
AACSB: Reflective Thinking
Topic: Data versus Information
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
2) Accounting Information Systems at this date are all computerized. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: Data versus Information 8) A systems analyst analyzes a business problem that might be addressed by an information system
Learning Objective: 01-02 Distinguish among data, information, and an information system. and recommends software or systems to address that problem.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
3) Business value includes all those items, events and interactions that determine the financial health Bloom's: Remember
and well-being of the firm. AACSB: Reflective Thinking
ANSWER: TRUE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: The Value Chain and Accounting Information Systems 9) A value chain is defined as the flow of materials, information, payments, and services from
Learning Objective: 01-04 Describe how business processes affect the firm's value chain. customer to supplier.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: FALSE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
4) The Certified Information Technology Professional (CITP) is a professional designation for those Bloom's: Remember
with a broad range of technology knowledge and does not require a CPA. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: Role of Accountants in Accounting Information Systems 10) Relevant information is that information that is free from bias and error.
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
ANSWER: FALSE
related to accounting information systems.
Diff: 1
Bloom's: Remember
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
AACSB: Reflective Thinking
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
AICPA: BB Industry; FN Decision Making
Bloom's: Remember
AACSB: Reflective Thinking
5) The Certified Information Systems Auditor (CISA) is a professional designation generally sought AICPA: BB Industry; FN Decision Making
by those performing IT audits.
ANSWER: TRUE
Diff: 1
Topic: Role of Accountants in Accounting Information Systems
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
Page 1 Page 2
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
11) The characteristics of relevant information include predictive value, feedback value and timeliness. 16) An accounting information system (AIS) is defined as being an information system that records,
ANSWER: TRUE processes and reports on transactions to provide financial and nonfinancial information for
Diff: 1 decision making and control.
Topic: Definition of Accounting Information Systems; Attributes of Useful Information ANSWER: TRUE
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information. Diff: 1
Bloom's: Remember Topic: Definition of Accounting Information Systems
AACSB: Reflective Thinking Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
AICPA: BB Industry; FN Decision Making Bloom's: Remember
AACSB: Reflective Thinking
12) The characteristics of reliable information are that the information is verifiable, without bias and AICPA: BB Industry; FN Decision Making
timely.
ANSWER: FALSE 17) An enterprise system is a centralized database that collects data from throughout the firm. This
Diff: 1 includes data from orders, customers, sales, inventory and employees.
Topic: Definition of Accounting Information Systems; Attributes of Useful Information ANSWER: TRUE
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information. Diff: 1
Bloom's: Remember Topic: AIS and Internal Business Processes
AACSB: Reflective Thinking Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes.
AICPA: BB Industry; FN Decision Making Bloom's: Remember
AACSB: Reflective Thinking
13) Information overload is defined as the difficulty a person faces in understanding a problem and AICPA: BB Industry; FN Decision Making
making a decision as a consequence of too much information.
ANSWER: TRUE 18) Outbound logistics are the activities associated with receiving and storing raw materials and other
Diff: 1 partially completed materials, and distributing those materials to manufacturing when and where
Topic: Definition of Accounting Information Systems; Attributes of Useful Information they are needed.
Learning Objective: 01-02 Distinguish among data, information, and an information system.
ANSWER: FALSE
Bloom's: Remember
Diff: 1
AACSB: Reflective Thinking
Topic: The Value Chain and Accounting Information Systems
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
14) The main financial benefit of Customer Relationship Management practices reduces the cost of AACSB: Reflective Thinking
goods sold. AICPA: BB Industry; FN Decision Making
ANSWER: FALSE
Diff: 1 19) Service Activities as defined in the value chain are those activities that provide the support of
Topic: AIS, Firm Profitability, and Stock Prices customers after the products and services are sold to them (e.g. warranty repairs, parts, instruction
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices. manuals, etc.).
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
15) An efficient Enterprise System can significantly lower the cost of support processes included in Bloom's: Remember
sales, general, and administrative expenses. AACSB: Reflective Thinking
ANSWER: TRUE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices 20) A well-designed and well-functioning AIS can be expected to create value by providing relevant
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices. information helpful to management to increase revenues and reduce expenses.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
Page 3 Page 4
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
21) Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an 26) Accounting information systems:
example of discretionary information. A) Are always computerized.
ANSWER: FALSE B) Report only accounting information.
Diff: 1 C) Include records, processes and reports.
Topic: Data versus Information D) Are for computer games.
Learning Objective: 01-02 Distinguish among data, information, and an information system.
ANSWER: C
Bloom's: Remember
Diff: 2
AACSB: Reflective Thinking
Topic: Definition of Accounting Information Systems
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Understand
22) An enterprise system is primarily used to manage and nurture a firm's interactions with its current AACSB: Reflective Thinking
and potential clients. AICPA: BB Industry; FN Decision Making
ANSWER: FALSE
Diff: 1 27) Which of the following is not a characteristic of useful information?
Topic: AIS and Internal Business Processes A) Easy to understand.
Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes. B) Feedback value.
Bloom's: Remember C) Timeliness.
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
D) Representational Faithfulness.
ANSWER: A
23) The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and enhanced Diff: 2
standards for all U.S. public companies, their management and public accounting firms. Topic: Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
ANSWER: TRUE Bloom's: Understand
Diff: 1 AACSB: Reflective Thinking
Topic: Role of Accountants in Accounting Information Systems AICPA: BB Industry; FN Decision Making
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems. 28) Which of the following are considered to be mandatory information required by a regulatory body?
Bloom's: Remember
AACSB: Reflective Thinking
A) Financial reports for the Securities and Exchange Commission.
AICPA: BB Industry; FN Decision Making B) The amount of taxes saved by a merger.
C) The total dollar value of fireworks that are sold on July 4.
24) CRM software often includes the use of database marketing tools to learn more about the D) The cost to build an all-new Starbucks restaurant in Abu Dhabi.
customers and to develop strong firm-to-customer relationships. ANSWER: A
ANSWER: TRUE Diff: 2
Diff: 1 Topic: Data versus Information
Topic: AIS and External Business Processes Learning Objective: 01-02 Distinguish among data, information, and an information system.
Learning Objective: 01-07 Assess how AIS facilitates the firm's external business processes. Bloom's: Understand
Bloom's: Remember AACSB: Reflective Thinking
AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making
AICPA: BB Industry; FN Decision Making
29) The correct order of effects in the value chain are:
25) The Certified Information Technology Professional is the position created by the AICPA to A) Inbound Logistics → Operations → Service.
recognize CPAs who have the ability to provide skilled professional services on Information B) Inbound Logistics → Outbound Logistics → Marketing & Sales.
Technology. C) Inbound Logistics → Operations → Outbound Logistics.
ANSWER: TRUE D) Inbound Logistics → Operations → Shipping.
Diff: 1 ANSWER: C
Topic: Data versus Information Diff: 2
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications Topic: The Value Chain and Accounting Information Systems
related to accounting information systems. Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember Bloom's: Understand
AACSB: Reflective Thinking AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making AICPA: BB Industry; FN Decision Making
Page 5 Page 6
TEST BANK For Accounting Information Systems, Chapter 2: Data Analytics: Addressing Accounting Questions with Data
4th Edition by Vernon Richardson, Chapter 3: Data Analytics: Data Visualizations
Chapter 4: Process Modeling and Documentation Tools
Verified Chapters 1 - 17, Complete
Chapter 5: Data Modeling and Control Concepts
Chapter 6: Relational Databases and Enterprise Systems
Chapter 7: Sales and Collections Business Process
Chapter 8: Purchases and Payments Business Process
Chapter 9: Conversion Business Process
Chapter 10: Integrated Project
Chapter 11: Accounting Information Systems and Internal Controls
Chapter 12: Cybersecurity and Computer Fraud
Chapter 13: Monitoring and Auditing AIS
Chapter 14: eXtensible Business Reporting Language (XBRL)
Chapter 15: Emerging Technologies: Blockchain and AI Automation
Chapter 16: The Balanced Scorecard and Business Value of Information Technology
Chapter 17: Justifying and Planning IT Initiatives Using Project Management Techniques
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
Chapter 1 Accounting Information Systems and Firm Value 6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
1) Accounting and Finance is a primary activity in the value chain. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: The Value Chain and Accounting Information Systems 7) Data is defined as being information organized in a meaningful way that is useful to the user.
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
ANSWER: FALSE
Bloom's: Remember
Diff: 1
AACSB: Reflective Thinking
Topic: Data versus Information
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
2) Accounting Information Systems at this date are all computerized. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: Data versus Information 8) A systems analyst analyzes a business problem that might be addressed by an information system
Learning Objective: 01-02 Distinguish among data, information, and an information system. and recommends software or systems to address that problem.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
3) Business value includes all those items, events and interactions that determine the financial health Bloom's: Remember
and well-being of the firm. AACSB: Reflective Thinking
ANSWER: TRUE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: The Value Chain and Accounting Information Systems 9) A value chain is defined as the flow of materials, information, payments, and services from
Learning Objective: 01-04 Describe how business processes affect the firm's value chain. customer to supplier.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: FALSE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
4) The Certified Information Technology Professional (CITP) is a professional designation for those Bloom's: Remember
with a broad range of technology knowledge and does not require a CPA. AACSB: Reflective Thinking
ANSWER: FALSE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: Role of Accountants in Accounting Information Systems 10) Relevant information is that information that is free from bias and error.
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
ANSWER: FALSE
related to accounting information systems.
Diff: 1
Bloom's: Remember
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
AACSB: Reflective Thinking
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
AICPA: BB Industry; FN Decision Making
Bloom's: Remember
AACSB: Reflective Thinking
5) The Certified Information Systems Auditor (CISA) is a professional designation generally sought AICPA: BB Industry; FN Decision Making
by those performing IT audits.
ANSWER: TRUE
Diff: 1
Topic: Role of Accountants in Accounting Information Systems
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
Page 1 Page 2
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
11) The characteristics of relevant information include predictive value, feedback value and timeliness. 16) An accounting information system (AIS) is defined as being an information system that records,
ANSWER: TRUE processes and reports on transactions to provide financial and nonfinancial information for
Diff: 1 decision making and control.
Topic: Definition of Accounting Information Systems; Attributes of Useful Information ANSWER: TRUE
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information. Diff: 1
Bloom's: Remember Topic: Definition of Accounting Information Systems
AACSB: Reflective Thinking Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
AICPA: BB Industry; FN Decision Making Bloom's: Remember
AACSB: Reflective Thinking
12) The characteristics of reliable information are that the information is verifiable, without bias and AICPA: BB Industry; FN Decision Making
timely.
ANSWER: FALSE 17) An enterprise system is a centralized database that collects data from throughout the firm. This
Diff: 1 includes data from orders, customers, sales, inventory and employees.
Topic: Definition of Accounting Information Systems; Attributes of Useful Information ANSWER: TRUE
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information. Diff: 1
Bloom's: Remember Topic: AIS and Internal Business Processes
AACSB: Reflective Thinking Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes.
AICPA: BB Industry; FN Decision Making Bloom's: Remember
AACSB: Reflective Thinking
13) Information overload is defined as the difficulty a person faces in understanding a problem and AICPA: BB Industry; FN Decision Making
making a decision as a consequence of too much information.
ANSWER: TRUE 18) Outbound logistics are the activities associated with receiving and storing raw materials and other
Diff: 1 partially completed materials, and distributing those materials to manufacturing when and where
Topic: Definition of Accounting Information Systems; Attributes of Useful Information they are needed.
Learning Objective: 01-02 Distinguish among data, information, and an information system.
ANSWER: FALSE
Bloom's: Remember
Diff: 1
AACSB: Reflective Thinking
Topic: The Value Chain and Accounting Information Systems
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
14) The main financial benefit of Customer Relationship Management practices reduces the cost of AACSB: Reflective Thinking
goods sold. AICPA: BB Industry; FN Decision Making
ANSWER: FALSE
Diff: 1 19) Service Activities as defined in the value chain are those activities that provide the support of
Topic: AIS, Firm Profitability, and Stock Prices customers after the products and services are sold to them (e.g. warranty repairs, parts, instruction
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices. manuals, etc.).
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
15) An efficient Enterprise System can significantly lower the cost of support processes included in Bloom's: Remember
sales, general, and administrative expenses. AACSB: Reflective Thinking
ANSWER: TRUE AICPA: BB Industry; FN Decision Making
Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices 20) A well-designed and well-functioning AIS can be expected to create value by providing relevant
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices. information helpful to management to increase revenues and reduce expenses.
Bloom's: Remember
AACSB: Reflective Thinking ANSWER: TRUE
AICPA: BB Industry; FN Decision Making Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
Page 3 Page 4
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
21) Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an 26) Accounting information systems:
example of discretionary information. A) Are always computerized.
ANSWER: FALSE B) Report only accounting information.
Diff: 1 C) Include records, processes and reports.
Topic: Data versus Information D) Are for computer games.
Learning Objective: 01-02 Distinguish among data, information, and an information system.
ANSWER: C
Bloom's: Remember
Diff: 2
AACSB: Reflective Thinking
Topic: Definition of Accounting Information Systems
AICPA: BB Industry; FN Decision Making
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Understand
22) An enterprise system is primarily used to manage and nurture a firm's interactions with its current AACSB: Reflective Thinking
and potential clients. AICPA: BB Industry; FN Decision Making
ANSWER: FALSE
Diff: 1 27) Which of the following is not a characteristic of useful information?
Topic: AIS and Internal Business Processes A) Easy to understand.
Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes. B) Feedback value.
Bloom's: Remember C) Timeliness.
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
D) Representational Faithfulness.
ANSWER: A
23) The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and enhanced Diff: 2
standards for all U.S. public companies, their management and public accounting firms. Topic: Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
ANSWER: TRUE Bloom's: Understand
Diff: 1 AACSB: Reflective Thinking
Topic: Role of Accountants in Accounting Information Systems AICPA: BB Industry; FN Decision Making
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems. 28) Which of the following are considered to be mandatory information required by a regulatory body?
Bloom's: Remember
AACSB: Reflective Thinking
A) Financial reports for the Securities and Exchange Commission.
AICPA: BB Industry; FN Decision Making B) The amount of taxes saved by a merger.
C) The total dollar value of fireworks that are sold on July 4.
24) CRM software often includes the use of database marketing tools to learn more about the D) The cost to build an all-new Starbucks restaurant in Abu Dhabi.
customers and to develop strong firm-to-customer relationships. ANSWER: A
ANSWER: TRUE Diff: 2
Diff: 1 Topic: Data versus Information
Topic: AIS and External Business Processes Learning Objective: 01-02 Distinguish among data, information, and an information system.
Learning Objective: 01-07 Assess how AIS facilitates the firm's external business processes. Bloom's: Understand
Bloom's: Remember AACSB: Reflective Thinking
AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making
AICPA: BB Industry; FN Decision Making
29) The correct order of effects in the value chain are:
25) The Certified Information Technology Professional is the position created by the AICPA to A) Inbound Logistics → Operations → Service.
recognize CPAs who have the ability to provide skilled professional services on Information B) Inbound Logistics → Outbound Logistics → Marketing & Sales.
Technology. C) Inbound Logistics → Operations → Outbound Logistics.
ANSWER: TRUE D) Inbound Logistics → Operations → Shipping.
Diff: 1 ANSWER: C
Topic: Data versus Information Diff: 2
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications Topic: The Value Chain and Accounting Information Systems
related to accounting information systems. Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember Bloom's: Understand
AACSB: Reflective Thinking AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making AICPA: BB Industry; FN Decision Making
Page 5 Page 6
