Test Bank for Accounting Information Systems 15th Edition Marshall B. Romney, Paul J. Steinbart.

[TEST BANK] ACCOUNTING
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INFORMATION SYSTEMS, 15TH
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EDITION BY ROMNEY,
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STEINBART, SUMMERS, WOOD
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, Chapter 1
hy h y Accounting Information Systems: An Overview
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1.1 Distinguish hydata hyfrom hyinformation, hydiscuss hythe hycharacteristics hyof hyuseful hyinformation,
hyand hyexplain hyhow hyto hydetermine hythe hyvalue hyof hyinformation.




1) Which hyof hythe hyfollowing hystatements hybelow hyshows hythe hycontrast hybetween
hydata hyand hyinformation?

A) Data hyis hythe hyoutput hyof hyan hyAIS.
B) Information hyis hythe hyprimary hyoutput hyof hyan hyAIS.
C) Data hyis hymore hyuseful hyin hydecision hymaking hythan hyinformation.
D) Data hyand hyinformation hyare hythe hysame.

Answer: h y B

2) Information hyis hybest hydescribed hyas
A) raw hyfacts hyabout hytransactions.
B) data hythat hyhas hybeen hyorganized hyand hyprocessed hyso hythat hyit hyis hymeaningful hyto hythe hyuser.
C) facts hythat hyare hyuseful hywhen hyprocessed hyin hya hytimely hymanner.
D) the hysame hything hyas hydata.

Answer: h y B

3) The hyvalue hyof hyinformation hycan hybest hybe hydetermined hyby
A) its hyusefulness hyto hydecision hymakers.
B) its hyrelevance hyto hydecision hymakers.
C) the hybenefits hyassociated hywith hyobtaining hythe hyinformation hyminus hythe hycost hyof hyproducing hyit.
D) the hyextent hyto hywhich hyit hyoptimizes hythe hyvalue hychain.

Answer: h y C

4) An hyaccounting hyinformation hysystem hy(AIS) hyprocesses hy to hyprovide hyusers hywith
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A) data; hyinformation
B) data; hytransactions
C) information; hydata
D) data;

benefits
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hy Answer: h y A

5) information hyreduces hyuncertainty, hyimproves hydecision hymakers' hyability hyto
hymake hypredictions, hyor hyconfirms hyexpectations.

A) Timely
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,B) Reliable
C) Relevant
D) Complete

hyAnswer:

h y C

6) Information hythat hyis hyfree hyfrom hyerror hyor hybias hyand hyaccurately hyrepresents hythe hyevents hyor
hyactivities hyof hythe hyorganization hyis

A) relevant.
B) reliable hy/ hyFaithful hyRepresentation.
C) verifiable.
D) timely.

Answer: h y B

7) Information hythat hydoes hynot hyomit hyimportant hyaspects hyof hythe hyunderlying hyevents hyor
hyactivities hythat hyit hymeasures hyis

A) complete.
B) accessible.
C) relevant.
D) timely.

Answer: h y A

8) Information hyis hy when hytwo hyknowledgeable hypeople hyindependently hyproduce
hythe hysame hyinformation.

A) verifiable
B) relevant
C) reliable
D) complete

hyAnswer:

h y A

9) Data hymust hybe hyconverted hyinto hyinformation hyto hybe hyconsidered hyuseful hyand
hymeaningful hyfor hydecision hymaking. hyThere hyare hysix hycharacteristics hythat hymake

hyinformation hyboth hyuseful hyand hymeaningful. hyIf hyinformation hyis hyfree hyfrom hyerror hyor hybias

hyand hyaccurately hyrepresents hythe hyevents hyor hyactivities hyof hythe hyorganization, hyit hyis

hyrepresentative hyof hythe hycharacteristic hyof

A) relevancy.
B) timeliness.
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, C) understandability.
D) reliability.




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