Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics, 1st Edition 1e by Arline A. Savage, Danielle Brannock | All Chapters with Answers and Rationales | LATEST.

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, 10) Which of the following activities results in a transaction an accounting information system?
A) Sell goods to a customer
B) Submit an order to a vendor
C) Create estimates for a customer
D) Receive a customer order
Answer: A
Diff: 2
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Application
AICPA: AC: Systems and Process Management

11) A business model is
A) a company's plan for operations.
B) a company's plan for making a profit.
C) a company's plan for identifying customers.
D) a company's plan for production.
Answer: B
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management

12) What kind of business model should an entrepreneurial application developer consider for a
new smartphone game that will allow users to pay for additional capabilities and/or lives during
the game?
A) Franchise
B) Subscription
C) Freemium
D) Peer-to-peer
Answer: C
Diff: 2
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Application
AICPA: AC: Systems and Process Management




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