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Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney All Chapters Completed A+ Guide ISBN:9780134474021 Newest Version 2024 Instant Pdf Download

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Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney All Chapters Completed A+ Guide ISBN:9780134474021 Newest Version 2024 Instant Pdf Download Accounting Information Systems, 16e (Romney) Chapter 1 Conceptual Foundations of Accounting Information Systems 1 Distinguish data from information, discuss the characteristics of useful information, and explain how to determine the value of information. 1) Which of the following statements below shows the contrast between data and information? A) Data is the primary output of an accounting information system. B) Information is the primary output of an accounting information system. C) Data is more useful in decision making than information. D) Data and information are the same. Answer: B Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 2) When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole, it creates A) system inconsistence. B) system conflict. C) goal inconsistence. D) goal conflict. Answer: D Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 3) When a subsystem achieves its goals while contributing to the organization's overall goal, it is called A) system match. B) system congruence. C) goal congruence. D) goal match. Answer: C Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney All Chapters 2 4) Information is best described as A) raw facts about transactions. B) data that has been organized and processed so that it is meaningful to the user. C) facts that are useful when processed in a timely manner. D) the same thing as data. Answer: B Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 5) The value of information can best be determined by A) its usefulness to decision makers. B) its relevance to decision makers. C) the benefits associated with obtaining the information minus the cost of producing it. D) the extent to which it optimizes the value chain. Answer: C Concept: The concept of information Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytical Thinking 6) An accounting information system (AIS) processes ________ to provide users with ________. A) data; information B) data; transactions C) information; data D) data; benefits Answer: A Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 7) ________ information reduces uncertainty, improves decision makers' ability to make predictions, or confirms expectations. A) Timely B) Accurate C) Relevant D) Complete Answer: C Concept: Information needs and business processes Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking3 8) Information that is free from error or bias and faithfully represents the events or activities of the organization is A) relevant. B) accurate. C) verifiable. D) timely. Answer: B Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 9) Information that does not omit important aspects of the underlying events or activities that it measures is A) complete. B) available. C) relevant. D) timely. Answer: A Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 10) Information is ________ when two knowledgeable people independently produce the same information. A) verifiable B) relevant C) accurate D) complete Answer: A Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking4 11) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If information is free from error or bias and faithfully represents the events or activities of the organization, it is representative of the characteristic of A) relevancy. B) timeliness. C) understandability. D) accuracy. Answer: D Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 12) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If information can help reduce uncertainty, improves decision making, or confirms or corrects prior expectations, it is representative of the characteristic of A) objectivity. B) relevance. C) completeness. D) truthfulness. Answer: B Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking 13) Data must be converted into information to be considered useful and meaningful for decision making. There are 14 characteristics that make information both useful and meaningful. If the same information can be reproduced by two independent and knowledgeable people, it is representative of the characteristic of A) accuracy. B) relevance. C) verifiability. D) truthfulness. Answer: C Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytical Thinking Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Pdf Chapters Download Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Pdf Download Stuvia Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Answers Quizlet Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Ebook Download Stuvia Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Answers Quizlet Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Course hero Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Quizlet Test Bank For ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Stuvia ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Pdf Chapters Download Course hero ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Pdf Download Online ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Answers Quizlet ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Ebook Download Stuvia ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Questions Quizlet ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Studocu ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Quizlet ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Course hero ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Pdf Chapters Download ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Pdf Download Stuvia ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Answers Course hero ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Ebook Download Online ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Questions ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Studocu ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Quizlet ACCOUNTING INFORMATION SYSTEMS, 16TH EDITION BY MARSHALL B ROMNEY, VERIFIED CHAPTERS Test Bank Course hero

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