Accounting Information Systems 1st Edition Savage Test Bank
g g g g g g g
Instant Access
g
Accounting gInformation gSystems, g1e g(Savage)
gChapter g1 Accounting gas gInformation gAll Chapters
g
1) Accounting gcommunicates gto gstakeholders
A) minimally grequired gpublic gfinancial gdata.
B) the gfinancial goutcomes gof goperating, ginvesting, gand gfinancing gactivities.
C) the gsales gstrategy gfor gthe goperating, gmarketing, gand gsales gactivities.
D) black gand gwhite gdetails gabout gthe geconomics gof goperating
gactivities. gAnswer: g B
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Communication
Bloom's:
g Comprehension gAICPA:
g AC: gReporting
2) Accounting gcommunicates gthe gfinancial goutcomes gof ga gbusiness's gactivities gfor
A) operating.
B) investing.
C) financing.
D) All gof gthese ganswer gchoices gare
gcorrect. gAnswer: g D
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Communication
Bloom's:
g Comprehension gAICPA:
g AC: gReporting
3) In gwhat gway gdo gmanagement gteams guse gaccounting gdata?
A) Management gteams guse gaccounting gdata gto gmake gbusiness gdecisions.
B) Management gteams guse gaccounting gdata gto gmake gand gexecute gplans.
C) Management gteams guse geconomic gand gaccounting gdata gtogether gto gmake gdecisions.
D) All gof gthese ganswer gchoices gare
gcorrect. gAnswer: g D
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gRisk gAssessment, gAnalysis, gand gManagement
1
,4) Which gstatement gis gTRUE?
A) Accounting gconsists gof grigid gblack gand gwhite grules.
B) Accountants gcrunch gnumbers, gnot gmake gdecisions.
C) Accounting ghelps gsupport ga gprosperous gsociety.
D) Accountants gfocus gon gdebits gand gcredits, gnot gbusiness
gactivities. gAnswer: g C
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's:
g Comprehension gAICPA:
g N/A
5) Which gof gthe gfollowing gis gNOT ga gcomponent gof gan ginformation gsystem?
A) Hardware
B) Software
C) Input
D) Network
gAnswer: gC
gDiff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Knowledge
AICPA: g g AC: gSystems gand gProcess gManagement
6) Input gto gan ginformation gsystem gconsists gof
A) raw gand gunorganized gdata.
B) hardware gand gsoftware.
C) reported ginformation.
D) processed gdata.
gAnswer: g A
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Knowledge
AICPA: g g AC: gSystems gand gProcess gManagement
7) Which gof gthe gfollowing gis ga gdefinition gof goutput gfrom gan ginformation gsystem?
A) Output gis graw gand gunorganized gdata.
B) Output gis ginformation gproduced gby gprocessing gdata.
C) Output gis gdatabase gfacts gand gfigures.
D) Output gis ginformation gcollected gfrom gusers.
2
,gAnswer: g B
3
, Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gSystems gand gProcess gManagement
8) Which gstatement gconcerning gdata gis gTRUE?
A) Data gis guseless gto ga gbusiness guntil gtransformed ginto ginformation.
B) Data gis gthe goutput gfrom gan ginformation gsystem.
C) Data gis gorganized ginto gunderstandable gformats.
D) Data gis gprocessed gbefore gbeing ginput ginto gthe ginformation
gsystem. gAnswer: g A
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gSystems gand gProcess gManagement
9) Which gof gthe gfollowing gactivities gwould gNOT gresult gin ga gtransaction gin gan
gaccounting ginformation gsystem?
A) Sell ggoods gto ga gcustomer gon gaccount
B) Purchase gsupplies gon gcredit
C) Prepay gfor gsix gmonths gof ginsurance
D) Receive ga gcustomer gorder
gAnswer: g D
Diff: g2
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Application
AICPA: g g AC: gSystems gand gProcess gManagement
4
g g g g g g g
Instant Access
g
Accounting gInformation gSystems, g1e g(Savage)
gChapter g1 Accounting gas gInformation gAll Chapters
g
1) Accounting gcommunicates gto gstakeholders
A) minimally grequired gpublic gfinancial gdata.
B) the gfinancial goutcomes gof goperating, ginvesting, gand gfinancing gactivities.
C) the gsales gstrategy gfor gthe goperating, gmarketing, gand gsales gactivities.
D) black gand gwhite gdetails gabout gthe geconomics gof goperating
gactivities. gAnswer: g B
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Communication
Bloom's:
g Comprehension gAICPA:
g AC: gReporting
2) Accounting gcommunicates gthe gfinancial goutcomes gof ga gbusiness's gactivities gfor
A) operating.
B) investing.
C) financing.
D) All gof gthese ganswer gchoices gare
gcorrect. gAnswer: g D
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Communication
Bloom's:
g Comprehension gAICPA:
g AC: gReporting
3) In gwhat gway gdo gmanagement gteams guse gaccounting gdata?
A) Management gteams guse gaccounting gdata gto gmake gbusiness gdecisions.
B) Management gteams guse gaccounting gdata gto gmake gand gexecute gplans.
C) Management gteams guse geconomic gand gaccounting gdata gtogether gto gmake gdecisions.
D) All gof gthese ganswer gchoices gare
gcorrect. gAnswer: g D
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gRisk gAssessment, gAnalysis, gand gManagement
1
,4) Which gstatement gis gTRUE?
A) Accounting gconsists gof grigid gblack gand gwhite grules.
B) Accountants gcrunch gnumbers, gnot gmake gdecisions.
C) Accounting ghelps gsupport ga gprosperous gsociety.
D) Accountants gfocus gon gdebits gand gcredits, gnot gbusiness
gactivities. gAnswer: g C
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's:
g Comprehension gAICPA:
g N/A
5) Which gof gthe gfollowing gis gNOT ga gcomponent gof gan ginformation gsystem?
A) Hardware
B) Software
C) Input
D) Network
gAnswer: gC
gDiff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Knowledge
AICPA: g g AC: gSystems gand gProcess gManagement
6) Input gto gan ginformation gsystem gconsists gof
A) raw gand gunorganized gdata.
B) hardware gand gsoftware.
C) reported ginformation.
D) processed gdata.
gAnswer: g A
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Knowledge
AICPA: g g AC: gSystems gand gProcess gManagement
7) Which gof gthe gfollowing gis ga gdefinition gof goutput gfrom gan ginformation gsystem?
A) Output gis graw gand gunorganized gdata.
B) Output gis ginformation gproduced gby gprocessing gdata.
C) Output gis gdatabase gfacts gand gfigures.
D) Output gis ginformation gcollected gfrom gusers.
2
,gAnswer: g B
3
, Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gSystems gand gProcess gManagement
8) Which gstatement gconcerning gdata gis gTRUE?
A) Data gis guseless gto ga gbusiness guntil gtransformed ginto ginformation.
B) Data gis gthe goutput gfrom gan ginformation gsystem.
C) Data gis gorganized ginto gunderstandable gformats.
D) Data gis gprocessed gbefore gbeing ginput ginto gthe ginformation
gsystem. gAnswer: g A
Diff: g1
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Comprehension
AICPA: g g AC: gSystems gand gProcess gManagement
9) Which gof gthe gfollowing gactivities gwould gNOT gresult gin ga gtransaction gin gan
gaccounting ginformation gsystem?
A) Sell ggoods gto ga gcustomer gon gaccount
B) Purchase gsupplies gon gcredit
C) Prepay gfor gsix gmonths gof ginsurance
D) Receive ga gcustomer gorder
gAnswer: g D
Diff: g2
Learning gObjective: g 1.1 gExplain ghow gaccounting gaffects gboth gthe gdemand gfor gand gsupply gof
ginformation.
Section gReference: g Why gis gAccounting gInformation gImportant?
gAACSB: g Analytic
Bloom's: g g Application
AICPA: g g AC: gSystems gand gProcess gManagement
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