Created By: Test Bank
u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Testu Bank Pageu 1
,Created By: Test Banku
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Chapteru 01:u Accountingu asu Information
1) Accountingu communicatesu tou stakeholders
A) minimallyurequiredu publicu financialu data.
B) theu financialu outcomesu ofu operating,u investing,u andu financingu activities.
C) theu salesu strategyu foru theu operating,u marketing,u andu salesu activities.
D) blacku andu whiteu detailsu aboutu theu economicsu ofu operatingu activities.u Answer:u
Bu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
Sectionu Reference:u WhyuisuAccountingu Informationu Important?u AACSB:u Communicationu Blooum'
s:u Comprehensionu AICPA:u AC:u Reporting
2) Accountingu communicatesu theu financialu outcomesu ofu au business'su activitiesu for
A) operating.
B) investing.
C) financing.
D) Allu ofu theseu answeru choicesu areu correct.u Answer:
Du Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:uWhyuisuAccountinguInformationuImportant?uAACSB:uCommunicationuBlooum's:
u Comprehensionu AICPA:u AC:u Reporting
3) Inu whatu wayu dou managementu teamsu useu accountingu data?
A) Managementu teamsu useu accountingu datau tou makeu businessu decisions.
B) Managementu teamsu useu accountingu datau tou makeu andu executeu plans.
C) Managementu teamsu useu economicu andu accountingu datau togetheru tou makeu decisions.
D) Allu ofu theseu answeru choicesu areu correct.u Answer:u D
Testu Bank Pageu 2
,Created By: Test Bank u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Comprehension
AICPA:u AC:u Risku Assessment,u Analysis,u andu Management
4) Whichu statementu isu TRUE?
A) Accountingu consistsu ofu rigidu blacku andu whiteu rules.
B) Accountantsu crunchu numbers,u notu makeu decisions.
C) Accountingu helpsu supportu au prosperousu society.
D) Accountantsu focusu onu debitsu andu credits,u notu businessu activities.u Answer:u
Cu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Comprehensionu AICPA:u N/A
5) Whichu ofu theu followingu isu NOTu au componentu ofu anu informationu system?
A) Hardware
B) Software
C) Input
D) Networku Answer:u Cu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Knowledge
AICPA:u AC:u Systemsu andu Processu Management
Testu Bank Pageu 3
, Created By: Test Bank
u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
6) Inputu tou anu informationu systemu consistsu of
A) rawu andu unorganizedu data.
Testu Bank Pageu 4
u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Testu Bank Pageu 1
,Created By: Test Banku
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Chapteru 01:u Accountingu asu Information
1) Accountingu communicatesu tou stakeholders
A) minimallyurequiredu publicu financialu data.
B) theu financialu outcomesu ofu operating,u investing,u andu financingu activities.
C) theu salesu strategyu foru theu operating,u marketing,u andu salesu activities.
D) blacku andu whiteu detailsu aboutu theu economicsu ofu operatingu activities.u Answer:u
Bu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
Sectionu Reference:u WhyuisuAccountingu Informationu Important?u AACSB:u Communicationu Blooum'
s:u Comprehensionu AICPA:u AC:u Reporting
2) Accountingu communicatesu theu financialu outcomesu ofu au business'su activitiesu for
A) operating.
B) investing.
C) financing.
D) Allu ofu theseu answeru choicesu areu correct.u Answer:
Du Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:uWhyuisuAccountinguInformationuImportant?uAACSB:uCommunicationuBlooum's:
u Comprehensionu AICPA:u AC:u Reporting
3) Inu whatu wayu dou managementu teamsu useu accountingu data?
A) Managementu teamsu useu accountingu datau tou makeu businessu decisions.
B) Managementu teamsu useu accountingu datau tou makeu andu executeu plans.
C) Managementu teamsu useu economicu andu accountingu datau togetheru tou makeu decisions.
D) Allu ofu theseu answeru choicesu areu correct.u Answer:u D
Testu Bank Pageu 2
,Created By: Test Bank u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Comprehension
AICPA:u AC:u Risku Assessment,u Analysis,u andu Management
4) Whichu statementu isu TRUE?
A) Accountingu consistsu ofu rigidu blacku andu whiteu rules.
B) Accountantsu crunchu numbers,u notu makeu decisions.
C) Accountingu helpsu supportu au prosperousu society.
D) Accountantsu focusu onu debitsu andu credits,u notu businessu activities.u Answer:u
Cu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Comprehensionu AICPA:u N/A
5) Whichu ofu theu followingu isu NOTu au componentu ofu anu informationu system?
A) Hardware
B) Software
C) Input
D) Networku Answer:u Cu Diff:u 1
Learningu Objective:u 1.1u Explainu howu accountingu affectsu bothu theu demandu foru andu supplyuofu infuo
rmation.
SectionuReference:u WhyuisuAccountingu Informationu Important?u AACSB:u Analyticu Bloou
m's:u Knowledge
AICPA:u AC:u Systemsu andu Processu Management
Testu Bank Pageu 3
, Created By: Test Bank
u
Test Bank for Accounting Information Systems, 1st E
u u u u u
dition by Arline A. Savage Latest 2024
u u u u u u
6) Inputu tou anu informationu systemu consistsu of
A) rawu andu unorganizedu data.
Testu Bank Pageu 4
