Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

Accounting pInformation pSystems p1st pEdition pSavage pTest
pBank


Instant
Accounting pInformation pSystems, p1e
p(Savage) pChapter p1 Accounting pas pAccess pAll
pInformation
pChapters
1) Accounting pcommunicates pto
pstakeholders
A) minimally prequired ppublic pfinancial
pdata.
B) the pfinancial poutcomes pof poperating, pinvesting, pand pfinancing pactivities.
C) the psales pstrategy pfor pthe poperating, pmarketing, pand psales pactivities.
D) black pand pwhite pdetails pabout pthe peconomics pof poperating
pactivities. pAnswer: p B
Diff: p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Communication
Bloom's:
p Comprehension
pAICPA: p AC:
pReporting

2) Accounting pcommunicates pthe pfinancial poutcomes pof pa pbusiness's pactivities pfor
A) operating.
B) investing.
C) financing.
D) All pof pthese panswer pchoices pare
pcorrect. pAnswer: p D
Diff: p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Communication
Bloom's:
p Comprehension
pAICPA: p AC:
pReporting

3) In pwhat pway pdo pmanagement pteams puse paccounting pdata?
A) Management pteams puse paccounting pdata pto pmake pbusiness pdecisions.
B) Management pteams puse paccounting pdata pto pmake pand pexecute pplans.
C) Management pteams puse peconomic pand paccounting pdata ptogether pto pmake pdecisions.
D) All pof pthese panswer pchoices pare
pcorrect. pAnswer: p D
Diff: p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
1

,Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Analytic
Bloom's: p p Comprehension
AICPA: p p AC: pRisk pAssessment, pAnalysis, pand pManagement




2

,4) Which pstatement pis pTRUE?
A) Accounting pconsists pof prigid pblack pand pwhite prules.
B) Accountants pcrunch pnumbers, pnot pmake pdecisions.
C) Accounting phelps psupport pa pprosperous psociety.
D) Accountants pfocus pon pdebits pand pcredits, pnot pbusiness
pactivities. pAnswer: p C
Diff: p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Analytic
Bloom's:
p Comprehension
pAICPA: p N/A

5) Which pof pthe pfollowing pis pNOT pa pcomponent pof pan pinformation psystem?
A) Hardware
B) Software
C) Input
D) Network
pAnswer:
pC pDiff:
p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Analytic
Bloom's: p p Knowledge
AICPA: p p AC: pSystems pand pProcess pManagement

6) Input pto pan pinformation psystem pconsists pof
A) raw pand punorganized pdata.
B) hardware pand psoftware.
C) reported pinformation.
D) processed
pdata. pAnswer:
pA
Diff: p1
Learning pObjective: p 1.1 pExplain phow paccounting paffects pboth pthe pdemand pfor pand
psupply pof pinformation.
Section pReference: p Why pis pAccounting pInformation
pImportant? pAACSB: p Analytic
Bloom's: p p Knowledge
AICPA: p p AC: pSystems pand pProcess pManagement

7) Which pof pthe pfollowing pis pa pdefinition pof poutput pfrom pan pinformation psystem?
A) Output pis praw pand punorganized pdata.
B) Output pis pinformation pproduced pby pprocessing pdata.
3

, C) Output pis pdatabase pfacts pand pfigures.
D) Output pis pinformation pcollected pfrom
pusers. pAnswer: p B




4