Chaptern1n AccountingnInformationnSystemsnandnFirmnValue
1) AccountingnandnFinancenisnanprimarynactivityninnthenvaluenchain.
Answer:n FALSE
Diff:n1
Topic:n ThenValuenChainnandnAccountingnInformationnSystems
LearningnObjective:n 01-
04nDescribenhownbusinessnprocessesnaffectnthenfirm'snvaluenchain.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
2) AccountingnInformationnSystemsnatnthisndatenarenallncomputerized.n
Answer:n FALSE
Diff:n1
Topic:n DatanversusnInformation
LearningnObjective:n 01-
02nDistinguishnamongndata,ninformation,nandnanninformationnsystem.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
3) Businessnvaluenincludesnallnthosenitems,neventsnandninteractionsnthatndeterminenthenfinancialnhealthna
ndnwell-beingnofnthenfirm.
Answer:n TRUE
Diff:n1
Topic:n ThenValuenChainnandnAccountingnInformationnSystems
LearningnObjective:n 01-
04nDescribenhownbusinessnprocessesnaffectnthenfirm'snvaluenchain.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
4) ThenCertifiednInformationnTechnologynProfessionaln(CITP)nisnanprofessionalndesignationnfornthosen
withnanbroadnrangenofntechnologynknowledgenandndoesnnotnrequirenanCPA.
Answer:n FALSE
Diff:n1
Topic:n RolenofnAccountantsninnAccountingnInformationnSystems
LearningnObjective:n 01-
03nDistinguishnthenrolesnofnaccountantsninnprovidingninformation,nandnexplainncertificationsnrelatednt
onaccountingninformationnsystems.
Bloom's:n Remembern AACS
B:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
5) ThenCertifiednInformationnSystemsnAuditorn(CISA)nisnanprofessionalndesignationngenerallynsoughtn
bynthosenperformingnITnaudits.
Answer:n TRUE
Diff:n1
Topic:n RolenofnAccountantsninnAccountingnInformationnSystems
LearningnObjective:n 01-
03nDistinguishnthenrolesnofnaccountantsninnprovidingninformation,nandnexplainncertificationsnrelatednt
onaccountingninformationnsystems.
Bloom's:n Remembern AACS
B:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
Pagen1
, ACCOUNTINGn INFORMATIONn SYSTEMSn(RICHARDSONn 2NDnEDITION)
6) Informationnisndefinednasnbeingndatanorganizedninnanmeaningfulnwaynthatnisnusefulntonthenuser.n
Answer:n TRUE
Diff:n1
Topic:n DatanversusnInformation
LearningnObjective:n 01-
02nDistinguishnamongndata,ninformation,nandnanninformationnsystem.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
7) Datanisndefinednasnbeingninformationnorganizedninnanmeaningfulnwaynthatnisnusefulntonthenuser.n
Answer:n FALSE
Diff:n1
Topic:n DatanversusnInformation
LearningnObjective:n 01-
02nDistinguishnamongndata,ninformation,nandnanninformationnsystem.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
8) Ansystemsnanalystnanalyzesnanbusinessnproblemnthatnmightnbenaddressednbynanninformationnsystemna
ndnrecommendsnsoftwarenornsystemsntonaddressnthatnproblem.
Answer:n TRUE
Diff:n1
Topic:n ThenValuenChainnandnAccountingnInformationnSystems
LearningnObjective:n 01-
04nDescribenhownbusinessnprocessesnaffectnthenfirm'snvaluenchain.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
9) Anvaluenchainnisndefinednasnthenflownofnmaterials,ninformation,npayments,nandnservicesnfromnc
ustomerntonsupplier.
Answer:n FALSE
Diff:n1
Topic:n ThenValuenChainnandnAccountingnInformationnSystems
LearningnObjective:n 01-
04nDescribenhownbusinessnprocessesnaffectnthenfirm'snvaluenchain.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
10) Relevantninformationnisnthatninformationnthatnisnfreenfromnbiasnandnerror.n
Answer:n FALSE
Diff:n1
Topic:n DefinitionnofnAccountingnInformationnSystems;nAttributesnofnUsefulnInformation
LearningnObjective:n 01-
01nDefinenannaccountingninformationnsystem,nandnexplainncharacteristicsnofnusefulninformation.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
Pagen2
, ACCOUNTINGn INFORMATIONn SYSTEMSn(RICHARDSONn 2NDnEDITION)
11) Thencharacteristicsnofnrelevantninformationnincludenpredictivenvalue,nfeedbacknvaluenandntimeliness.n
Answer:n TRUE
Diff:n1
Topic:n DefinitionnofnAccountingnInformationnSystems;nAttributesnofnUsefulnInformation
LearningnObjective:n 01-
01nDefinenannaccountingninformationnsystem,nandnexplainncharacteristicsnofnusefulninformation.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
12) Thencharacteristicsnofnreliableninformationnarenthatntheninformationnisnverifiable,nwithoutnbiasnandnt
imely.
Answer:n FALSE
Diff:n1
Topic:n DefinitionnofnAccountingnInformationnSystems;nAttributesnofnUsefulnInformation
LearningnObjective:n 01-
01nDefinenannaccountingninformationnsystem,nandnexplainncharacteristicsnofnusefulninformation.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
13) Informationnoverloadnisndefinednasnthendifficultynanpersonnfacesninnunderstandingnanproblemnandn
makingnandecisionnasnanconsequencenofntoonmuchninformation.
Answer:n TRUE
Diff:n1
Topic:n DefinitionnofnAccountingnInformationnSystems;nAttributesnofnUsefulnInformationnLea
rningnObjective:n 01-
02nDistinguishnamongndata,ninformation,nandnanninformationnsystem.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
14) ThenmainnfinancialnbenefitnofnCustomernRelationshipnManagementnpracticesnreducesnthencostnofng
oodsnsold.
Answer:n FALSE
Diff:n1
Topic:n AIS,nFirmnProfitability,nandnStocknPrices
LearningnObjective:n 01-
08nAssessnthenimpactnofnAISnonnfirmnprofitabilitynandnstocknprices.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
15) AnnefficientnEnterprisenSystemncannsignificantlynlowernthencostnofnsupportnprocessesnincludedninns
ales,ngeneral,nandnadministrativenexpenses.
Answer:n TRUE
Diff:n1
Topic:n AIS,nFirmnProfitability,nandnStocknPrices
LearningnObjective:n 01-
08nAssessnthenimpactnofnAISnonnfirmnprofitabilitynandnstocknprices.nBloom's:n Remember
AACSB:n ReflectivenThinking
AICPA:n BBnIndustry;nFNnDecisionnMaking
Pagen3