Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st
Edition by Arline A. Savage, Danielle Brannock, Alicja Foksinska (2022)||
LATEST EDITION||REVISED ||GRADED A+
1st Edition
,Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish Data From Information, Discuss The Characteristics Of Useful Information,
And Explain How To Determine The Value Of Information.
1) Which Of The Following Statements Below Shows The Contrast Between Data
And Information?
A) Data Is The Output Of An AIS.
B) Information Is The Primary Output Of An AIS.
C) Data Is More Useful In Decision Making Than Information.
D) Data And Information Are The Same.
CORRECT ANS>>B
2) Information Is Best Described As
A) Raw Facts About Transactions.
B) Data That Has Been Organized And Processed So That It Is Meaningful To The User.
C) Facts That Are Useful When Processed In A Timely Manner.
D) The Same Thing As Data.
CORRECT ANS>>B
3) The Value Of Information Can Best Be Determined By
A) Its Usefulness To Decision Makers.
B) Its Relevance To Decision Makers.
C) The Benefits Associated With Obtaining The Information Minus The Cost Of Producing It.
D) The Extent To Which It Optimizes The Value Chain.
CORRECT ANS>>C
4) An Accounting Information System (AIS) Processes To Provide Users With
.
A) Data; Information
B) Data; Transactions
C) Information; Data
D) Data;
Benefits
CORRECT
ANS>>A
1
,5) Information Reduces Uncertainty, Improves Decision Makers' Ability To
Make Predictions, Or Confirms Expectations.
A) Timely
2
, B) Reliable
C) Relevant
D) Complete
CORRECT
ANS>>C
6) Information That Is Free From Error Or Bias And Accurately Represents The Events Or
Activities Of The Organization Is
A) Relevant.
B) Reliable / Faithful Representation.
C) Verifiable.
D) Timely.
CORRECT ANS>>B
7) Information That Does Not Omit Important Aspects Of The Underlying Events Or
Activities That It Measures Is
A) Complete.
B) Accessible.
C) Relevant.
D) Timely.
CORRECT ANS>>A
8) Information Is When Two Knowledgeable People Independently Produce
The Same Information.
A) Verifiable
B) Relevant
C) Reliable
D) Complete
CORRECT
ANS>>A
9) Data Must Be Converted Into Information To Be Considered Useful And Meaningful For
Decision Making. There Are Six Characteristics That Make Information Both Useful And
Meaningful. If Information Is Free From Error Or Bias And Accurately Represents The Events
Or Activities Of The Organization, It Is Representative Of The Characteristic Of
A) Relevancy.
3
Edition by Arline A. Savage, Danielle Brannock, Alicja Foksinska (2022)||
LATEST EDITION||REVISED ||GRADED A+
1st Edition
,Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish Data From Information, Discuss The Characteristics Of Useful Information,
And Explain How To Determine The Value Of Information.
1) Which Of The Following Statements Below Shows The Contrast Between Data
And Information?
A) Data Is The Output Of An AIS.
B) Information Is The Primary Output Of An AIS.
C) Data Is More Useful In Decision Making Than Information.
D) Data And Information Are The Same.
CORRECT ANS>>B
2) Information Is Best Described As
A) Raw Facts About Transactions.
B) Data That Has Been Organized And Processed So That It Is Meaningful To The User.
C) Facts That Are Useful When Processed In A Timely Manner.
D) The Same Thing As Data.
CORRECT ANS>>B
3) The Value Of Information Can Best Be Determined By
A) Its Usefulness To Decision Makers.
B) Its Relevance To Decision Makers.
C) The Benefits Associated With Obtaining The Information Minus The Cost Of Producing It.
D) The Extent To Which It Optimizes The Value Chain.
CORRECT ANS>>C
4) An Accounting Information System (AIS) Processes To Provide Users With
.
A) Data; Information
B) Data; Transactions
C) Information; Data
D) Data;
Benefits
CORRECT
ANS>>A
1
,5) Information Reduces Uncertainty, Improves Decision Makers' Ability To
Make Predictions, Or Confirms Expectations.
A) Timely
2
, B) Reliable
C) Relevant
D) Complete
CORRECT
ANS>>C
6) Information That Is Free From Error Or Bias And Accurately Represents The Events Or
Activities Of The Organization Is
A) Relevant.
B) Reliable / Faithful Representation.
C) Verifiable.
D) Timely.
CORRECT ANS>>B
7) Information That Does Not Omit Important Aspects Of The Underlying Events Or
Activities That It Measures Is
A) Complete.
B) Accessible.
C) Relevant.
D) Timely.
CORRECT ANS>>A
8) Information Is When Two Knowledgeable People Independently Produce
The Same Information.
A) Verifiable
B) Relevant
C) Reliable
D) Complete
CORRECT
ANS>>A
9) Data Must Be Converted Into Information To Be Considered Useful And Meaningful For
Decision Making. There Are Six Characteristics That Make Information Both Useful And
Meaningful. If Information Is Free From Error Or Bias And Accurately Represents The Events
Or Activities Of The Organization, It Is Representative Of The Characteristic Of
A) Relevancy.
3
