Accounting Information Systems – Arline – 1st Edition – Complete Test Bank with Multiple Choice and Explanatory Answers

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,Chapter01: Accounting as Information

1) Accountingqcommunicatesqtoqstakeholders
A) minimallyrequiredq publicqfinancialqdata.
B) thefinancialoutcomesofoperating,investing,q and financinga ctivities.
oa




C) thesalesstrategyfortheoperating, marketing,q q andsalesactivities.
oa




D) blackandwhitedetailsabouttheeconomicsofoperatingq a
oa




ctivities.Answer:qB
Diff:1
LearningObjective:q 1.1Explainh owaccountingaffectsboththedemand forandqsupply q ofi
o o rl



nformation.
SectionReference:WhyisAccountingInformation qImportant?AACSB:qCommunicati
on
Bloom's:
ComprehensionAICPA: rl



AC:Reporting

2) Accountingcommunicates thefinancial outcomes ofabusiness's activities for
oa




A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesareqc
oa




orrect.Answer:qD
Diff:1
LearningObjective:q 1.1Explainhowaccountingaffectsboththedemandforand qsupply q ofi
o rl



nformation.
SectionReference:WhyisAccountingInformation qImportant?AACSB:qCommunicati
on
Bloom's:
ComprehensionAICPA: rl



AC:Reporting

3) Inqwhatqwaydoqmanagementqteamsuseaccountingdata?
A) Managementteamsquseaccountingdatatomakebusinessdecisions.
B) Managementteams use accountingd ata tomake andexecute plans.
oa




C) Management t eamsq q useeconomicandaccountingdatatogethertomakedecisions.
o o




D) Alloftheseanswerchoicesareqc
oa




orrect.Answer:qD
Diff:1
LearningObjective:q 1.1Explainh owaccountingaffectsboththedemand forandqsupply q ofi
o o rl



nformation.
SectionReference:qWhyisAccountingInformationqImportant?AACSB:qAn
alytic
Bloom's: Comprehension
AICPA: AC:RiskAssessment,Analysis,andManagement




2

,4) Whichstatementis TRUE? o




A) Accountingconsists of rigidblack a nd whiteq rules. o




B) Accountants crunch numbers,not make decisions. o




C) Accountinghelps supportq a prosperousq society.
oa oa




D) Accountantsfocusondebitsandcredits,notbusinessqa
oa o




ctivities.Answer:qC
Diff:1
LearningObjective:q 1.1Explainhowaccountingaffectsboththe demand forandqsupply q ofi
o o rl



nformation.
SectionReference:WhyisAccounting Information q Important?AACSB: q Anal oa




ytic
Bloom's:
ComprehensionAICPA: rl



N/A

5) Whichofthe followingisqNOT acomponent ofq aninformation system?
oa o o




A) Hardware
B) Software
C) Input
D) Network
qAnswer:qCq

Diff:q1
LearningObjective:q 1.1Explainh owaccountingaffectsboththedemand forandqsupply q ofi
o o rl



nformation.
SectionReference:WhyisAccounting Information q Important?AACSB: q Anal oa




ytic
Bloom's: Knowledge
AICPA: AC:Systems and Process Management o




6) Inputto aninformationsystemconsists of
o




A) rawandunorganizeddata.
B) hardwareandsoftware.
C) reportedqinformation.
D) processeddata.
qAnswer:

AqDiff:q1
LearningObjective:q 1.1Explainh owaccountingaffectsboththedemand forandqsupply q ofi
o o rl



nformation.
SectionReference:WhyisAccountingInformation qImportant?AACSB:qA
nalytic
Bloom's: Knowledge
AICPA: AC:SystemsandProcessManagement

7) Whichofthe followingis a definitionofoutput fromq aninformationsystem?
oa




A) Outputis raw q and unorganized data.
oa o




B) Outputisinformationproducedq byprocessing data. oa




C) Output isdatabase f acts qandfigures.
o o




D) Outputis informationqcollectedfrom
o




3

, users.Answer:q B




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