1
,Test Bank Accounting Information Systems, 4th Edition by Vernon Richardson
k k k k k k k k k
Answers Included
k
Chap 01 4e
k k
Richardson
k
1) Accounting kand kFinance kis ka kprimary kactivity kin kthe kvalue kchain.
⊚ k true
⊚ k false
2) As kof ktoday, kAccounting kInformation kSystems kare kall kcomputerized.
⊚ k true
⊚ k false
3) Business kvalue kincludes kall kthose kitems, kevents kand kinteractions kthat kdetermine kthe
financial khealth kand kwell-being kof kthe kfirm.
k
⊚ k true
⊚ k false
4) The kCertified kInformation kTechnology kProfessional k(CITP) kis ka kprofessional kdesignation
for kthose kwith ka kbroad krange kof ktechnology kknowledge kand kdoes knot krequire ka kCPA.
k
⊚ k true
⊚ k false
5) The kCertified kInformation kSystems kAuditor k(CISA) kis ka kprofessional kdesignation
generally ksought kby kthose kperforming kIT kaudits.
k
⊚ k true
⊚ k false
6) Information kis kdefined kas kbeing kdata korganized kin ka kmeaningful kway kthat kis kuseful kto kthe kuser.
⊚ k true
⊚ k false
7) Data kis kdefined kas kbeing kinformation korganized kin ka kmeaningful kway kthat kis kuseful kto kthe kuser.
⊚ k true
⊚ k false
2
,8) An kAIS kmay kcreate kvalue kby kgiving kaccess kto kmanagement kinformation krelevant
to kthe kdecision kmakers.
k
⊚ k true
⊚ k false
9) An kAIS kmay kcreate kvalue kby kproviding kan kinternal kcontrol kstructure kneeded kto kmake
sure kthe kinformation kis ksecure, kreliable, kand kfree kfrom kerror.
k
⊚ k true
⊚ k false
10) Relevant kinformation’s kmost kdefining kcharacteristic kis kthat kit kis kfree kfrom kbias kand kerror.
⊚ k true
⊚ k false
11) The kcharacteristics kof krelevant kinformation kinclude kpredictive kvalue, kfeedback kvalue
and ktimeliness.
k
⊚ k true
⊚ k false
12) A kfaithful krepresentation kof kthe kunderlying kevent kshould kreflect kthe kbias kof kthe ksystem kanalyst.
⊚ k true
⊚ k false
13) Information koverload kis kdefined kas kthe kdifficulty ka kperson kfaces kin kunderstanding ka
problem kand kmaking ka kdecision kas ka kconsequence kof ktoo kmuch kinformation.
k
⊚ k true
⊚ k false
14) The kmain kfinancial kbenefit kof kCustomer kRelationship kManagement kpractices kreduces kthe
cost kof kgoods ksold.
k
⊚ k true
⊚ k false
3
, 15) An kefficient kEnterprise kSystem kcan ksignificantly klower kthe kcost kof ksupport kprocesses
included kin ksales, kgeneral, kand kadministrative kexpenses.
k
⊚ k true
⊚ k false
16) An kaccounting kinformation ksystem k(AIS) kis kdefined kas kbeing kan kinformation ksystem
kthat krecords, kprocesses kand kreports kon ktransactions kto kprovide kfinancial kand
knonfinancial kinformation kfor kdecision kmaking kand kcontrol.
⊚ k true
⊚ k false
17) An kenterprise ksystem kis ka kcentralized kdatabase kthat kcollects kdata kfrom kthroughout kthe
firm. kThis kincludes kdata kfrom korders, kcustomers, ksales, kinventory kand kemployees.
k
⊚ k true
⊚ k false
18) Outbound klogistics kare kthe kactivities kassociated kwith kreceiving kand kstoring kraw
materials kas kwell kas kactivities kthat ktransform kthese kinputs kinto kfinished kgoods.
k
⊚ k true
⊚ k false
19) Service kActivities kas kdefined kin kthe kvalue kchain kare kthose kactivities kthat kprovide kthe
support kof kcustomers kafter kthe kproducts kand kservices kare ksold kto kthem k(e.g. kwarranty
k
repairs, kparts, kinstruction kmanuals, ketc.).
k
⊚ k true
⊚ k false
20) A kwell-designed kand kwell-functioning kAIS kcan kbe kexpected kto kcreate kvalue kby
kproviding krelevant kinformation khelpful kto kmanagement kto kincrease krevenues kand
kreduce kexpenses.
⊚ k true
⊚ k false
4
,Test Bank Accounting Information Systems, 4th Edition by Vernon Richardson
k k k k k k k k k
Answers Included
k
Chap 01 4e
k k
Richardson
k
1) Accounting kand kFinance kis ka kprimary kactivity kin kthe kvalue kchain.
⊚ k true
⊚ k false
2) As kof ktoday, kAccounting kInformation kSystems kare kall kcomputerized.
⊚ k true
⊚ k false
3) Business kvalue kincludes kall kthose kitems, kevents kand kinteractions kthat kdetermine kthe
financial khealth kand kwell-being kof kthe kfirm.
k
⊚ k true
⊚ k false
4) The kCertified kInformation kTechnology kProfessional k(CITP) kis ka kprofessional kdesignation
for kthose kwith ka kbroad krange kof ktechnology kknowledge kand kdoes knot krequire ka kCPA.
k
⊚ k true
⊚ k false
5) The kCertified kInformation kSystems kAuditor k(CISA) kis ka kprofessional kdesignation
generally ksought kby kthose kperforming kIT kaudits.
k
⊚ k true
⊚ k false
6) Information kis kdefined kas kbeing kdata korganized kin ka kmeaningful kway kthat kis kuseful kto kthe kuser.
⊚ k true
⊚ k false
7) Data kis kdefined kas kbeing kinformation korganized kin ka kmeaningful kway kthat kis kuseful kto kthe kuser.
⊚ k true
⊚ k false
2
,8) An kAIS kmay kcreate kvalue kby kgiving kaccess kto kmanagement kinformation krelevant
to kthe kdecision kmakers.
k
⊚ k true
⊚ k false
9) An kAIS kmay kcreate kvalue kby kproviding kan kinternal kcontrol kstructure kneeded kto kmake
sure kthe kinformation kis ksecure, kreliable, kand kfree kfrom kerror.
k
⊚ k true
⊚ k false
10) Relevant kinformation’s kmost kdefining kcharacteristic kis kthat kit kis kfree kfrom kbias kand kerror.
⊚ k true
⊚ k false
11) The kcharacteristics kof krelevant kinformation kinclude kpredictive kvalue, kfeedback kvalue
and ktimeliness.
k
⊚ k true
⊚ k false
12) A kfaithful krepresentation kof kthe kunderlying kevent kshould kreflect kthe kbias kof kthe ksystem kanalyst.
⊚ k true
⊚ k false
13) Information koverload kis kdefined kas kthe kdifficulty ka kperson kfaces kin kunderstanding ka
problem kand kmaking ka kdecision kas ka kconsequence kof ktoo kmuch kinformation.
k
⊚ k true
⊚ k false
14) The kmain kfinancial kbenefit kof kCustomer kRelationship kManagement kpractices kreduces kthe
cost kof kgoods ksold.
k
⊚ k true
⊚ k false
3
, 15) An kefficient kEnterprise kSystem kcan ksignificantly klower kthe kcost kof ksupport kprocesses
included kin ksales, kgeneral, kand kadministrative kexpenses.
k
⊚ k true
⊚ k false
16) An kaccounting kinformation ksystem k(AIS) kis kdefined kas kbeing kan kinformation ksystem
kthat krecords, kprocesses kand kreports kon ktransactions kto kprovide kfinancial kand
knonfinancial kinformation kfor kdecision kmaking kand kcontrol.
⊚ k true
⊚ k false
17) An kenterprise ksystem kis ka kcentralized kdatabase kthat kcollects kdata kfrom kthroughout kthe
firm. kThis kincludes kdata kfrom korders, kcustomers, ksales, kinventory kand kemployees.
k
⊚ k true
⊚ k false
18) Outbound klogistics kare kthe kactivities kassociated kwith kreceiving kand kstoring kraw
materials kas kwell kas kactivities kthat ktransform kthese kinputs kinto kfinished kgoods.
k
⊚ k true
⊚ k false
19) Service kActivities kas kdefined kin kthe kvalue kchain kare kthose kactivities kthat kprovide kthe
support kof kcustomers kafter kthe kproducts kand kservices kare ksold kto kthem k(e.g. kwarranty
k
repairs, kparts, kinstruction kmanuals, ketc.).
k
⊚ k true
⊚ k false
20) A kwell-designed kand kwell-functioning kAIS kcan kbe kexpected kto kcreate kvalue kby
kproviding krelevant kinformation khelpful kto kmanagement kto kincrease krevenues kand
kreduce kexpenses.
⊚ k true
⊚ k false
4