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

Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney
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1

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


Chapter 1 Conceptual Foundations of Accounting Information Systems
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1 Distinguish data from information, discuss the characteristics of useful information, and exp
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lain 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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xAnswer: B s x


Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




2) When a subsystem's goals are inconsistent with the goals of another subsystem or with th
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e system as a whole, it creates
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A) system inconsistence. sx


B) system conflict. sx


C) goal inconsistence.
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D) goal conflict. sx


Answer: D s x s x


Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




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


B) system congruence. sx


C) goal congruence.sx


D) goal match. sx


Answer: C
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Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




2

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


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 s x s x


Concept: The concept of information Ob
s x sx sx sx sx


jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




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 chain.
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Answer: C
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Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Moderate
x


AACSB: Analytical Thinking sx




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


B) data; transactions sx


C) information; data sx


D) data; benefits sx


Answer: A
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Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




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


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 Ob
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jective: Learning Objective 1
s x sx sx


Difficulty: Easy s x s x


AACSB: Analytical Thinking sx




3

, 8) Information that is free from error or bias and faithfully represents the events or activities o
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f the organization is
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A) relevant.
B) accurate.
C) verifiable.
D) timely. sx


Answer: s x


B
Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
s x sx sx sx


s Easy
x


AACSB: Analytical Thinking sx




9) Information that does not omit important aspects of the underlying events or activities that i
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t measures is
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A) complete.
B) available.
C) relevant.
D) timely. sx


Answer: s x


A
Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




10) Information is sx sx


when two knowledgeable people independently produce the same information.
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A) verifiable
B) relevant
C) accurate
D) complete
Answer:
sx s x


A
Concept: The concept of information Ob
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jective: Learning Objective 1 Difficulty:
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s Easy
x


AACSB: Analytical Thinking sx




4