Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
TEST BANK FOR ACCOUNTING INFORMATION SYSTEM 1S
m m m m m m
T EDITION BY ARLINE SAVAGE A+
m m m m m
Chapterm01:mAccountingmasmInformation
1) Accountingmcommunicatesmtomstakeholders
A) minimallymrequired mpublicmfinancialmdata.
B) themfinancialmoutcomesmof moperating,minvesting,mand mfinancingmactivities.
C) themsalesmstrategymformthemoperating,mmarketing,mand msalesmactivities.
D) blackmand mwhitemdetailsmabout mthemeconomicsmof moperatingmactivities.mAnswer:m
BmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m's:mComprehensionmAICPA:mAC:mReporting
2) Accountingmcommunicatesmthemfinancialmoutcomesmof mambusiness'smactivitiesmfor
A) operating.
B) investing.
C) financing.
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:m
DmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m's:mComprehensionmAICPA:mAC:mReporting
3) Inmwhat mwaymdommanagement mteamsmusemaccountingmdata?
A) Management mteamsmusemaccountingmdatamtommakembusinessmdecisions.
B) Management mteamsmusemaccountingmdatamtommakemand mexecutemplans.
C) Management mteamsmusemeconomicmand maccountingmdatamtogethermtommakemdecisions.
A+ Pagem
1
,Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:m
DmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mRiskmAssessment,mAnalysis,mand mManagement
4) Whichmstatement mismTRUE?
A) Accountingmconsistsmof mrigid mblackmand mwhitemrules.
B) Accountantsmcrunchmnumbers,mnot mmakemdecisions.
C) Accountingmhelpsmsupport mamprosperousmsociety.
D) Accountantsmfocusmonmdebitsmandmcredits,mnot mbusinessmactivities.mAnswer:m
CmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:mComprehensionmAICPA:mN/A
5) Whichmof mthemfollowingmismNOTmamcomponent mof manminformationmsystem?
A) Hardware
B) Software
C) Input
D) NetworkmAnswer:mCmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC:mSystemsmand mProcessmManagement
A+ Pagem
2
,Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
6) Input mtomanminformationmsystemmconsistsmof
A) raw mand munorganized mdata.
B) hardwaremand msoftware.
C) reported minformation.
D) processed mdata
.
Answer:m A
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC:mSystemsmand mProcessmManagement
7) Whichmof mthemfollowingmismamdefinitionmof moutput mfrommanminformationmsystem?
A) Output mismraw mand munorganized mdata.
B) Output misminformationmproduced mbymprocessingmdata.
C) Output mismdatabasemfactsmand mfigures.
D) Output misminformationmcollected mfrommusers.mAnswer:mB
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement
8) Whichmstatement mconcerningmdatamismTRUE?
A) Datamismuselessmtomambusinessmuntilmtransformed mintominformation.
B) Datamismthemoutput mfrommanminformationmsystem.
C) Datamismorganized mintomunderstandablemformats.
D) Datamismprocessed mbeforembeingminput mintomtheminformationmsystem.mAnswer:mA
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3
, Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement
9) Whichmof mthemfollowingmactivitiesmwould mNOTmresult minmamtransactionminmanmaccounti
ngminformationmsystem?
A) Sellmgoodsmtomamcustomermonmaccount
B) Purchasemsuppliesmonmcredit
C) Prepaymformsixmmonthsmof minsurance
D) ReceivemamcustomermordermAnswer:m
DmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Application
AICPA:m AC:mSystemsmand mProcessmManagement
10) Whichmof mthemfollowingmactivitiesmresultsminmamtransactionmanmaccountingminformati
onmsystem?
A) Sellmgoodsmtomamcustomer
B) Submit manmordermtomamvendor
C) Createmestimatesmformamcustomer
D) ReceivemamcustomermordermAnswer:m
AmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
A+ Pagem
4
m m m m m m m
Edition by Arline A. Savage
m m m m
TEST BANK FOR ACCOUNTING INFORMATION SYSTEM 1S
m m m m m m
T EDITION BY ARLINE SAVAGE A+
m m m m m
Chapterm01:mAccountingmasmInformation
1) Accountingmcommunicatesmtomstakeholders
A) minimallymrequired mpublicmfinancialmdata.
B) themfinancialmoutcomesmof moperating,minvesting,mand mfinancingmactivities.
C) themsalesmstrategymformthemoperating,mmarketing,mand msalesmactivities.
D) blackmand mwhitemdetailsmabout mthemeconomicsmof moperatingmactivities.mAnswer:m
BmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m's:mComprehensionmAICPA:mAC:mReporting
2) Accountingmcommunicatesmthemfinancialmoutcomesmof mambusiness'smactivitiesmfor
A) operating.
B) investing.
C) financing.
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:m
DmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m's:mComprehensionmAICPA:mAC:mReporting
3) Inmwhat mwaymdommanagement mteamsmusemaccountingmdata?
A) Management mteamsmusemaccountingmdatamtommakembusinessmdecisions.
B) Management mteamsmusemaccountingmdatamtommakemand mexecutemplans.
C) Management mteamsmusemeconomicmand maccountingmdatamtogethermtommakemdecisions.
A+ Pagem
1
,Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:m
DmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mRiskmAssessment,mAnalysis,mand mManagement
4) Whichmstatement mismTRUE?
A) Accountingmconsistsmof mrigid mblackmand mwhitemrules.
B) Accountantsmcrunchmnumbers,mnot mmakemdecisions.
C) Accountingmhelpsmsupport mamprosperousmsociety.
D) Accountantsmfocusmonmdebitsmandmcredits,mnot mbusinessmactivities.mAnswer:m
CmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:mComprehensionmAICPA:mN/A
5) Whichmof mthemfollowingmismNOTmamcomponent mof manminformationmsystem?
A) Hardware
B) Software
C) Input
D) NetworkmAnswer:mCmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC:mSystemsmand mProcessmManagement
A+ Pagem
2
,Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
6) Input mtomanminformationmsystemmconsistsmof
A) raw mand munorganized mdata.
B) hardwaremand msoftware.
C) reported minformation.
D) processed mdata
.
Answer:m A
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC:mSystemsmand mProcessmManagement
7) Whichmof mthemfollowingmismamdefinitionmof moutput mfrommanminformationmsystem?
A) Output mismraw mand munorganized mdata.
B) Output misminformationmproduced mbymprocessingmdata.
C) Output mismdatabasemfactsmand mfigures.
D) Output misminformationmcollected mfrommusers.mAnswer:mB
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement
8) Whichmstatement mconcerningmdatamismTRUE?
A) Datamismuselessmtomambusinessmuntilmtransformed mintominformation.
B) Datamismthemoutput mfrommanminformationmsystem.
C) Datamismorganized mintomunderstandablemformats.
D) Datamismprocessed mbeforembeingminput mintomtheminformationmsystem.mAnswer:mA
A+ Pagem
3
, Test Bank for Accounting Information Systems, 1st
m m m m m m m
Edition by Arline A. Savage
m m m m
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement
9) Whichmof mthemfollowingmactivitiesmwould mNOTmresult minmamtransactionminmanmaccounti
ngminformationmsystem?
A) Sellmgoodsmtomamcustomermonmaccount
B) Purchasemsuppliesmonmcredit
C) Prepaymformsixmmonthsmof minsurance
D) ReceivemamcustomermordermAnswer:m
DmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Application
AICPA:m AC:mSystemsmand mProcessmManagement
10) Whichmof mthemfollowingmactivitiesmresultsminmamtransactionmanmaccountingminformati
onmsystem?
A) Sellmgoodsmtomamcustomer
B) Submit manmordermtomamvendor
C) Createmestimatesmformamcustomer
D) ReceivemamcustomermordermAnswer:m
AmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
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