Accounting Information Systems, 16th Edition by Marshall B Romney -ISBN:9780730302476 All Chapters (1-24) Latest Test Bank

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, All Chapters
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Accounting Information Systems, 16e (Romney)y6 y6 y6 y6


Chapter 1 Conceptual Foundations of Accounting Information Systems
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1 Distinguish data from information, discuss the characteristics of useful information, and ex
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plain how to determine the value of information.
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1) Which of the following statements below shows the contrast between data and information?
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A) Data is the primary output of an accounting information system.
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B) Information is the primary output of an accounting information system.
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C) Data is more useful in decision making than information.
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D) Data and information are the same
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. Answer: B
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Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Easy y 6


AACSB: Analytical Thinking y6




2) When a subsystem's goals are inconsistent with the goals of another subsystem or with t
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he system as a whole, it creates
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A) system inconsistence. y6


B) system conflict. y6


C) goal inconsistence. y6


D) goal conflict y6


.
Answer: D y 6 y 6


Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Easy y 6


AACSB: Analytical Thinking y6




3) When a subsystem achieves its goals while contributing to the organization's overall goal, it
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is called
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A) system match. y6


B) system congruence. y6


C) goal congruence. y6


D) goal match. y6


Answer: C
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Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Easy y 6


AACSB: Analytical Thinking y6




3

, 4) Information is best described as y6 y6 y6 y6


A) raw facts about transactions.
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B) data that has been organized and processed so that it is meaningful to the user.
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C) facts that are useful when processed in a timely manner.
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D) the same thing as data
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.
Answer: B y 6 y 6


Concept: The concept of information O y 6 y6 y6 y6 y6


bjective: Learning Objective 1 Difficult
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y: Easy y 6


AACSB: Analytical Thinking y6




5) The value of information can best be determined by
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A) its usefulness to decision makers.
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B) its relevance to decision makers.
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C) the benefits associated with obtaining the information minus the cost of producing it.
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D) the extent to which it optimizes the value chai
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n. Answer: C
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Concept: The concept of information O y 6 y6 y6 y6 y6


bjective: Learning Objective 1 Difficult
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y: Moderate
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AACSB: Analytical Thinking y6




6) An accounting information system (AIS) processes
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A) data; information y6


B) data; transactions y6


C) information; data y6


D) data; benefits y6


Answer: A
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Concept: The concept of information O y 6 y6 y6 y6 y6


bjective: Learning Objective 1 Difficult
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y: Easy y 6


AACSB: Analytical Thinking y6




7) information reduces uncertainty, improves decision makers' ability to mak y6 y6 y6 y6 y6 y6 y6 y6


e predictions, or confirms expectations.
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A) Timely
B) Accurate
C) Relevant
D) Complete
Answer:
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C
Concept: Information needs and business processes O
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bjective: Learning Objective 1 y 6 y6 y6


Difficulty: Easy y 6 y 6


AACSB: Analytical Thinking y6




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