Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage ISBN 978-1119744474 COMPLETE GUIDE WITH RATIONALES 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!

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TEST BANK FOR ACCOUNTINGINFORMATION SYSTEM 1ST E
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DITION BY ARLINE SAVAGE A+ J J J J




Chapter 01: Accounting as Information J J J J




1) Accounting communicates to stakeholders J J J




A) minimallyrequired public financial data.J J J J




B) the financial outcomes of operating, investing, and financing activities.
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C) the sales strategyfor the operating, marketing, and sales activities.
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D) black and white details about the economics of operatingactivities. Answer: B Diff:
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LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
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Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
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omprehension AICPA: AC: Reporting
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2) Accounting communicates the financial outcomes of a business's activities for
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A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct. Answer:D Dif
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f: 1J




LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
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Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
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omprehension AICPA: AC: Reporting
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3) In what waydo management teams use accounting data?
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A) Management teams use accounting data to make business decisions.J J J J J J J J




B) Management teams use accounting data to make and execute plans. J J J J J J J J J




C) Management teams use economic and accounting data together to make decisions.
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D) All of these answer choices are correct. Answer:D Dif
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f: 1 J




LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J




Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J




omprehension
AICPA: AC: Risk Assessment, Analysis, and Management
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4) Which statement is TRUE?J J J




A) Accounting consists of rigid black and white rules.
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B) Accountants crunch numbers, not make decisions. J J J J J




C) Accounting helps support a prosperous society.
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D) Accountants focus on debits and credits, not business activities. Answer:C Diff:
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J 1
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
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Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: Co
J J J J J J J J J J




mprehension AICPA: N/A J J




5) Which of the following is NOT a component of an information system?
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A) Hardware
B) Software
C) Input
D) Network Answer: C Diff: 1 J J J J




LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J




Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J




nowledge
AICPA: AC: Systems and Process Management
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6) Input to an information system consists of
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A) raw and unorganized data.
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B) hardware and software. J J




C) reported information. J




D) processed data. J




Answer: A J




Diff: 1
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LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J




Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J




nowledge
AICPA: AC: Systems and Process Management
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7) Which of the following is a definition of output from an information system?
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A) Output is raw and unorganized data. J J J J J




B) Output is information produced byprocessing data.
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C) Output is database facts and figures.
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D) Output is information collected from users. Answer: B
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Diff: 1
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LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J




Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J




omprehension
AICPA: AC: Systems and Process Management
J J J J J




8) Which statement concerning data is TRUE?
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A) Data is useless to a business until transformed into information.
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B) Data is the output from an information system.
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C) Data is organized into understandable formats.
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D) Data is processed before being input into the information system. Answer: A
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