TEST BANK FOR ACCOUNTING
#hj #hj #hj
INFORMATION SYSTEMS 1ST
#hj #hj #hj
EDITION VERNON RICHARDSON,
#hj #hj #hj
CHENGYEE CHANG, ROD SMITH
#hj #hj #hj #hj
SCHOLARVAULT
, Chapter 01
Accounting Information Systems and Firm Value
True / False Questions
1. Accounting and Finance is a primary activity in the value chain.
True False
2. Accounting Information Systems at this date are all computerized.
True False
3. Business value includes all those items, events and interactions that determine the financial
health and well-being of the firm.
True False
4. The Certified Information Technology Professional (CITP) is a professional designation for those
with broad range of technology knowledge and does not require a CPA.
True False
5. The Certified Information Systems Auditor (CISA) is a professional designation generally sought
by those performing IT audits.
True False
6. Information is defined as being data organized in a meaningful way to be useful to the user.
True False
1 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
,7. Data #hjis #hjdefined #hjas #hjbeing #hjinformation #hjorganized #hjin #hja #hjmeaningful #hjway #hjto #hjbe
#hjuseful #hjto #hjthe #hjuser.
True False
8. A #hjsystems #hjanalyst #hjanalyzes #hja #hjbusiness #hjproblem #hjthat #hjmight #hjbe #hjaddressed #hjby
#hj an #hjinformation #hjsystem #hjand #hjrecommends #hjsoftware #hjor #hjsystems #hjto #hjaddress #hjthat
#hj problem.
True False
9. A #hjvalue #hjchain #hjis #hjdefined #hjas #hjthe #hjflow #hjof #hjmaterials, #hjinformation, #hjpayments, #hjand
#hj services #hjfrom #hjcustomer #hjto #hjsupplier.
True False
10. Relevant #hjinformation #hjis #hjthat #hjinformation #hjthat #hjis #hjfree #hjfrom #hjbias
#hjand #hjerror.
True False
11. The #hjcharacteristics #hjof #hjrelevant #hjinformation #hjinclude #hjpredictive #hjvalue, #hjfeedback
#hj value #hjand #hjtimeliness.
True False
12. The #hjcharacteristics #hjof #hjreliable #hjinformation #hjare #hjthat #hjthe #hjinformation #hjis #hjverifiable,
without #hjbias #hjand #hjtimely.
#hj
True False
13. Information #hjoverload #hjis #hjdefined #hjas #hjthe #hjdifficulty #hja #hjperson #hjfaces #hjin #hjunderstanding #hja
#hj problem #hjand #hjmaking #hja #hjdecision #hjas #hja #hjconsequence #hjof #hjtoo #hjmuch #hjinformation.
True False
2 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
, 14. The #hjmain #hjfinancial #hjbenefit #hjof #hjCustomer #hjRelationship #hjManagement #hjpractices #hjreduces
the #hjcost #hjof #hjgoods #hjsold.
#hj
True False
15. An #hjefficient #hjEnterprise #hjSystem #hjcan #hjsignificantly #hjlower #hjthe #hjcost #hjof #hjsupport #hjprocesses
included #hjin #hjsales, #hjgeneral, #hjand #hjadministrative #hjexpenses.
#hj
True False
16. An #hjaccounting #hjinformation #hjsystem #hj(AIS) #hjis #hjdefined #hjas #hjbeing #hjan #hjinformation #hjsystem
that #hjrecords, #hjprocesses #hjand #hjreports #hjon #hjtransactions #hjto #hjprovide #hjfinancial
#hj
#hj information #hjfor #hjdecision #hjmaking #hjand #hjcontrol.
True False
17. An #hjenterprise #hjsystem #hjis #hja #hjcentralized #hjdatabase #hjthat #hjcollects #hjdata #hjfrom #hjthroughout
#hj the #hjfirm. #hjThis #hjincludes #hjdata #hjfrom #hjorders, #hjcustomers, #hjsales, #hjinventory #hjand
#hj employees
True False
18. Outbound #hjlogistics #hjare #hjthe #hjactivities #hjassociated #hjwith #hjreceiving #hjand #hjstoring #hjraw
materials #hjand #hjother #hjpartially #hjcompleted #hjmaterials, #hjand #hjdistributing #hjthose #hjmaterials #hjto
#hj
#hj manufacturing #hjwhen #hjand #hjwhere #hjthey #hjare #hjneeded.
True False
19. Service #hjActivities #hjas #hjdefined #hjin #hjthe #hjvalue #hjchain #hjare #hjthose #hjactivities #hjthat #hjprovide
the #hjsupport #hjof #hjcustomers #hjafter #hjthe #hjproducts #hjand #hjservices #hjare #hjsold #hjto #hjthem
#hj
#hj (e.g. #hjwarranty #hjrepairs, #hjparts, #hjinstruction #hjmanuals, #hjetc.).
True False
3 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
#hj #hj #hj
INFORMATION SYSTEMS 1ST
#hj #hj #hj
EDITION VERNON RICHARDSON,
#hj #hj #hj
CHENGYEE CHANG, ROD SMITH
#hj #hj #hj #hj
SCHOLARVAULT
, Chapter 01
Accounting Information Systems and Firm Value
True / False Questions
1. Accounting and Finance is a primary activity in the value chain.
True False
2. Accounting Information Systems at this date are all computerized.
True False
3. Business value includes all those items, events and interactions that determine the financial
health and well-being of the firm.
True False
4. The Certified Information Technology Professional (CITP) is a professional designation for those
with broad range of technology knowledge and does not require a CPA.
True False
5. The Certified Information Systems Auditor (CISA) is a professional designation generally sought
by those performing IT audits.
True False
6. Information is defined as being data organized in a meaningful way to be useful to the user.
True False
1 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
,7. Data #hjis #hjdefined #hjas #hjbeing #hjinformation #hjorganized #hjin #hja #hjmeaningful #hjway #hjto #hjbe
#hjuseful #hjto #hjthe #hjuser.
True False
8. A #hjsystems #hjanalyst #hjanalyzes #hja #hjbusiness #hjproblem #hjthat #hjmight #hjbe #hjaddressed #hjby
#hj an #hjinformation #hjsystem #hjand #hjrecommends #hjsoftware #hjor #hjsystems #hjto #hjaddress #hjthat
#hj problem.
True False
9. A #hjvalue #hjchain #hjis #hjdefined #hjas #hjthe #hjflow #hjof #hjmaterials, #hjinformation, #hjpayments, #hjand
#hj services #hjfrom #hjcustomer #hjto #hjsupplier.
True False
10. Relevant #hjinformation #hjis #hjthat #hjinformation #hjthat #hjis #hjfree #hjfrom #hjbias
#hjand #hjerror.
True False
11. The #hjcharacteristics #hjof #hjrelevant #hjinformation #hjinclude #hjpredictive #hjvalue, #hjfeedback
#hj value #hjand #hjtimeliness.
True False
12. The #hjcharacteristics #hjof #hjreliable #hjinformation #hjare #hjthat #hjthe #hjinformation #hjis #hjverifiable,
without #hjbias #hjand #hjtimely.
#hj
True False
13. Information #hjoverload #hjis #hjdefined #hjas #hjthe #hjdifficulty #hja #hjperson #hjfaces #hjin #hjunderstanding #hja
#hj problem #hjand #hjmaking #hja #hjdecision #hjas #hja #hjconsequence #hjof #hjtoo #hjmuch #hjinformation.
True False
2 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
, 14. The #hjmain #hjfinancial #hjbenefit #hjof #hjCustomer #hjRelationship #hjManagement #hjpractices #hjreduces
the #hjcost #hjof #hjgoods #hjsold.
#hj
True False
15. An #hjefficient #hjEnterprise #hjSystem #hjcan #hjsignificantly #hjlower #hjthe #hjcost #hjof #hjsupport #hjprocesses
included #hjin #hjsales, #hjgeneral, #hjand #hjadministrative #hjexpenses.
#hj
True False
16. An #hjaccounting #hjinformation #hjsystem #hj(AIS) #hjis #hjdefined #hjas #hjbeing #hjan #hjinformation #hjsystem
that #hjrecords, #hjprocesses #hjand #hjreports #hjon #hjtransactions #hjto #hjprovide #hjfinancial
#hj
#hj information #hjfor #hjdecision #hjmaking #hjand #hjcontrol.
True False
17. An #hjenterprise #hjsystem #hjis #hja #hjcentralized #hjdatabase #hjthat #hjcollects #hjdata #hjfrom #hjthroughout
#hj the #hjfirm. #hjThis #hjincludes #hjdata #hjfrom #hjorders, #hjcustomers, #hjsales, #hjinventory #hjand
#hj employees
True False
18. Outbound #hjlogistics #hjare #hjthe #hjactivities #hjassociated #hjwith #hjreceiving #hjand #hjstoring #hjraw
materials #hjand #hjother #hjpartially #hjcompleted #hjmaterials, #hjand #hjdistributing #hjthose #hjmaterials #hjto
#hj
#hj manufacturing #hjwhen #hjand #hjwhere #hjthey #hjare #hjneeded.
True False
19. Service #hjActivities #hjas #hjdefined #hjin #hjthe #hjvalue #hjchain #hjare #hjthose #hjactivities #hjthat #hjprovide
the #hjsupport #hjof #hjcustomers #hjafter #hjthe #hjproducts #hjand #hjservices #hjare #hjsold #hjto #hjthem
#hj
#hj (e.g. #hjwarranty #hjrepairs, #hjparts, #hjinstruction #hjmanuals, #hjetc.).
True False
3 #hj| #hjP # h j a
#hj g #hj e
SCHOLARVAULT
