Test bank solution manual instructor manual for accounting information systems 14th edition marshall b romney stamped

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AccountingpInformationpSystems,p14ep(Romney/Steinbart)
Chapterp1p ConceptualpFoundationspofpAccountingpInformationpSystems

1 Distinguishpdatapfrompinformation,pdiscusspthepcharacteristicspofpusefulpinformation,pandpe
xplainphowptopdeterminepthepvaluepofpinformation.

1) Whichpofpthepfollowingpstatementspbelowpshowspthepcontrastpbetweenpdatapandpinformation?
A) Datapispthepprimarypoutputpofpanpaccountingpinformationpsystem.
B) Informationpispthepprimarypoutputpofpanpaccountingpinformationpsystem.
C) Datapispmorepusefulpinpdecisionpmakingpthanpinformation.
D) Datapandpinformationparepthepsame.p
Answer:pB
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

2) Whenpapsubsystem'spgoalsparepinconsistentpwithpthepgoalspofpanotherpsubsystemporpwithptheps
ystempaspapwhole,p itp creates
A) systempinconsistence.
B) systempconflict.
C) goalpinconsistence.
D) goalpconflict.p
Answer:pD
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

3) Whenpapsubsystempachievespitspgoalspwhilepcontributingptoptheporganization'spoverallpgoal,pitpispc
alled
A) systempmatch.
B) systempcongruence.
C) goalpcongruence.
D) goalpmatch.p
Answer:pB
Concept:pThepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking




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4) Informationpispbestpdescribedpas
A) rawpfactspaboutptransactions.
B) datapthatphaspbeenporganizedpandpprocessedpsopthatpitp ispmeaningfulptopthepuser.
C) factspthatparepusefulpwhenpprocessedpinpaptimelypmanner.
D) thepsamepthingpaspdata.p
Answer:pB
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

5) Thepvaluepofpinformationpcanpbestpbepdeterminedpby
A) itspusefulnessptopdecisionpmakers.
B) itsprelevanceptopdecisionpmakers.
C) thepbenefitspassociatedpwithpobtainingpthepinformationpminuspthepcostpofpproducingpit.
D) thepextentptopwhichpitpoptimizespthepvaluepchain.p
Answer:pC
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pModerate
AACSB:p AnalyticalpThinking

6) Anpaccountingpinformationpsystemp(AIS)pprocesses topprovidepuserspwith .
A) data;pinformation
B) data;ptransactions
C) information;pdata
D) data;pbenefitsp
Answer:pA
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

7) p
informationpreducespuncertainty,pimprovespdecisionpmakers'pabilityptopmakeppredictions
,porpconfirmspexpectations.
A) Timely
B) Reliable
C) Relevant
D) Completep
Answer:pC
Concept:p Informationpneedspandpbusinesspprocessesp
Objective:pLearningpObjectivep1
Difficulty:p Easy
AACSB:p AnalyticalpThinking



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8) Informationpthatpispfreepfromperrorporpbiaspandpaccuratelyprepresentspthepeventsporpactivitiespofpt
heporganizationpis
A) relevant.
B) reliable.
C) verifiable.
D) timely.p
Answer:p B
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

9) Informationpthatpdoespnotpomitpimportantpaspectspofpthepunderlyingpeventsporpactivitiespthatpitp
measurespis
A) complete.
B) accessible.
C) relevant.
D) timely.p
Answer:p A
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

10) Informationpis
whenptwopknowledgeableppeoplepindependentlypproducepthepsamepinformation.
A) verifiable
B) relevant
C) reliable
D) completep
Answer:pA
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking




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11) Datapmustpbepconvertedpintopinformationptopbepconsideredpusefulpandpmeaningfulpforpdecisionp
making.pThereparepsevenpcharacteristicspthatpmakepinformationpbothpusefulpandpmeaningful.pIfpinfo
rmationpispfreepfromperrorporpbiaspandpaccuratelyprepresentspthepeventsporpactivitiespofptheporganizat
ion,p itpisprepresentativepofpthepcharacteristicpof
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.p
Answer:pD
Concept:pThepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

12) Datapmustpbepconvertedpintopinformationptopbepconsideredpusefulpandpmeaningfulpforpdecisionp
making.pThereparepsevenpcharacteristicspthatpmakepinformationpbothpusefulpandpmeaningful.pIfpinfo
rmationpcanphelppreducepuncertainty,pimprovespdecisionpmaking,porpconfirmsporpcorrectsppriorpexpe
ctations,pitpisprepresentativepofpthepcharacteristicpof
A) reliability.
B) relevance.
C) complete.
D) truthful.p
Answer:p B
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking

13) Datapmustpbepconvertedpintopinformationptopbepconsideredpusefulpandpmeaningfulpforpdecisionp
making.pThereparepsevenpcharacteristicspthatpmakepinformationpbothpusefulpandpmeaningful.pIfptheps
amepinformationpcanpbepreproducedpbyptwopindependentpandpknowledgeableppeople,pitpisprepresent
ativepofpthepcharacteristicpof
A) reliability.
B) relevance.
C) verifiability.
D) truthful.p
Answer:p C
Concept:p Thepconceptpofpinformationp
Objective:pLearningpObjectivep1pDiffi
culty:pEasy
AACSB:p AnalyticalpThinking




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