Test Bank For Accounting Information Systems 10e James A. Hall, Answered

Test Bank For Accounting Information Systems 10e James A. Hall, Answered-1. Information is a business resource. *a. True b. False 2. IT outsourcing is location-independent computing. a. True *b. False 3. Transaction processing systems convert non-financial transactions into financial transactions. a. True *b. False 4. Information lacking reliability may still have value. a. True *b. False 5. A balance sheet prepared in conformity with GAAP is an example of discretionary reporting. a. True *b. False 6. The management reporting system provides the internal financial information needed to manage a business. *a. True b. False 7. Most of the inputs to the general ledger system come from the financial reporting system. a. True *b. False 8. When preparing discretionary reports, organizations can choose what information to report and how to present it. *a. True b. False 9. Retrieval is the task of permanently removing obsolete or redundant records from the database. a. True *b. False 10. Systems development represents 80 to 90 percent of the total cost of a computer system. a. True *b. False 11. The database administrator is responsible for the security and integrity of the database. *a. True b. False 12. Custom software is developed and maintained by enterprise resource planners. a. True *b. False 13. The internal auditor represents the interests of third-party outsiders. a. True *b. False 14. Information technology (IT) audits can be performed by both internal and external auditors. *a. True b. False