TEST BANK FOR
# nj #nj
Accounting Information Systems, 4th Edition by Vernon Richardson
#nj #nj #nj #nj #nj #nj #nj
Answers Included
#nj
Chap 01 4e #nj #nj
Richardson
#nj
1) Accounting #njand #njFinance #njis #nja #njprimary #njactivity #njin #njthe #njvalue #njchain.
⊚ # n j true
⊚ # n j false
2) As #njof #njtoday, #njAccounting #njInformation #njSystems #njare #njall #njcomputerized.
⊚ # n j true
⊚ # n j false
3) Business #njvalue #njincludes #njall #njthose #njitems, #njevents #njand #njinteractions #njthat #njdetermine #njthe
financial #njhealth #njand #njwell-being #njof #njthe #njfirm.
#nj
⊚ # n j true
⊚ # n j false
4) The #njCertified #njInformation #njTechnology #njProfessional #nj(CITP) #njis #nja #njprofessional
designation #njfor #njthose #njwith #nja #njbroad #njrange #njof #njtechnology #njknowledge #njand #njdoes
#nj
not #njrequire #nja #njCPA.
#nj
⊚ # n j true
⊚ # n j false
5) The #njCertified #njInformation #njSystems #njAuditor #nj(CISA) #njis #nja #njprofessional #njdesignation
generally #njsought #njby #njthose #njperforming #njIT #njaudits.
#nj
⊚ # n j true
⊚ # n j false
6) Information #njis #njdefined #njas #njbeing #njdata #njorganized #njin #nja #njmeaningful #njway #njthat #njis #njuseful #njto #njthe
#nj user.
⊚ # n j true
⊚ # n j false
7) Data #njis #njdefined #njas #njbeing #njinformation #njorganized #njin #nja #njmeaningful #njway #njthat #njis #njuseful #njto #njthe
#nj user.
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
,8) An AIS may create value by giving access to management information relevant to the
decision makers.
⊚ true
⊚ false
9) An AIS may create value by providing an internal control structure needed to make sure the
information is secure, reliable, and free from error.
⊚ true
⊚ false
10) Relevant information’s most defining characteristic is that it is free from bias and error.
⊚ true
⊚ false
11) The characteristics of relevant information include predictive value, feedback value and
timeliness.
⊚ true
⊚ false
12) A faithful representation of the underlying event should reflect the bias of the system analyst.
⊚ true
⊚ false
13) Information overload is defined as the difficulty a person faces in understanding a problem
and making a decision as a consequence of too much information.
⊚ true
⊚ false
14) The main financial benefit of Customer Relationship Management practices reduces the cost
of goods sold.
⊚ true
⊚ false
SCHOLARVAULT
,15) An #njefficient #njEnterprise #njSystem #njcan #njsignificantly #njlower #njthe #njcost #njof #njsupport #njprocesses
included #njin #njsales, #njgeneral, #njand #njadministrative #njexpenses.
#nj
⊚ # n j true
⊚ # n j false
16) An #njaccounting #njinformation #njsystem #nj(AIS) #njis #njdefined #njas #njbeing #njan #njinformation
system #njthat #njrecords, #njprocesses #njand #njreports #njon #njtransactions #njto #njprovide
#nj
financial #njand #njnonfinancial #njinformation #njfor #njdecision #njmaking #njand #njcontrol.
#nj
⊚ # n j true
⊚ # n j false
17) An #njenterprise #njsystem #njis #nja #njcentralized #njdatabase #njthat #njcollects #njdata #njfrom #njthroughout
the #njfirm. #njThis #njincludes #njdata #njfrom #njorders, #njcustomers, #njsales, #njinventory #njand
#nj
#njemployees.
⊚ # n j true
⊚ # n j false
18) Outbound #njlogistics #njare #njthe #njactivities #njassociated #njwith #njreceiving #njand #njstoring #njraw
materials #njas #njwell #njas #njactivities #njthat #njtransform #njthese #njinputs #njinto #njfinished #njgoods.
#nj
⊚ # n j true
⊚ # n j false
19) Service #njActivities #njas #njdefined #njin #njthe #njvalue #njchain #njare #njthose #njactivities #njthat #njprovide #njthe
support #njof #njcustomers #njafter #njthe #njproducts #njand #njservices #njare #njsold #njto #njthem #nj(e.g.
#nj
#njwarranty #njrepairs, #njparts, #njinstruction #njmanuals, #njetc.).
⊚ # n j true
⊚ # n j false
20) A #njwell-designed #njand #njwell-functioning #njAIS #njcan #njbe #njexpected #njto #njcreate #njvalue #njby
providing #njrelevant #njinformation #njhelpful #njto #njmanagement #njto #njincrease #njrevenues
#nj
#njand #njreduce #njexpenses.
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
, 21) Production #njof #nja #nj1040 #njtax #njform #njfrom #njthe #njAIS #njto #njbe #njdelivered #njto #njthe #njInternal
#nj Revenue #njService #njis #njan #njexample #njof #njdiscretionary #njinformation.
⊚ # n j true
⊚ # n j false
22) Enterprise #njSystems #njdo #njnot #njexist #njto #njfacilitate #njdecision #njmaking.
⊚ # n j true
⊚ # n j false
23) The #njSarbanes-Oxley #njAct #njof #nj2002 #njis #nja #njfederal #njlaw #njin #njthe #njUnited #njStates #njthat #njset
#njnew #njand #njenhanced #njstandards #njfor #njall #njU.S. #njpublic #njcompanies, #njtheir #njmanagement
#njand #njpublic #njaccounting #njfirms.
⊚ # n j true
⊚ # n j false
24) CRM #njsoftware #njoften #njincludes #njthe #njuse #njof #njdatabase #njmarketing #njtools #njto #njlearn #njmore
about #njthe #njcustomers #njand #njto #njdevelop #njstrong #njfirm-to-customer #njrelationships.
#nj
⊚ # n j true
⊚ # n j false
25) The #njCertified #njInformation #njTechnology #njProfessional #njis #njthe #njposition #njcreated #njby #njthe
#njAICPA #njto #njrecognize #njCPAs #njwho #njhave #njthe #njability #njto #njprovide #njskilled #njprofessional
#njservices #njon #njInformation #njTechnology.
⊚ # n j true
⊚ # n j false
26) Accounting #njInformation #njSystems #njwhich #njare #njcomputerized #njdo #njnot #njneed #njto #njmaintain
internal #njcontrols.
#nj
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
# nj #nj
Accounting Information Systems, 4th Edition by Vernon Richardson
#nj #nj #nj #nj #nj #nj #nj
Answers Included
#nj
Chap 01 4e #nj #nj
Richardson
#nj
1) Accounting #njand #njFinance #njis #nja #njprimary #njactivity #njin #njthe #njvalue #njchain.
⊚ # n j true
⊚ # n j false
2) As #njof #njtoday, #njAccounting #njInformation #njSystems #njare #njall #njcomputerized.
⊚ # n j true
⊚ # n j false
3) Business #njvalue #njincludes #njall #njthose #njitems, #njevents #njand #njinteractions #njthat #njdetermine #njthe
financial #njhealth #njand #njwell-being #njof #njthe #njfirm.
#nj
⊚ # n j true
⊚ # n j false
4) The #njCertified #njInformation #njTechnology #njProfessional #nj(CITP) #njis #nja #njprofessional
designation #njfor #njthose #njwith #nja #njbroad #njrange #njof #njtechnology #njknowledge #njand #njdoes
#nj
not #njrequire #nja #njCPA.
#nj
⊚ # n j true
⊚ # n j false
5) The #njCertified #njInformation #njSystems #njAuditor #nj(CISA) #njis #nja #njprofessional #njdesignation
generally #njsought #njby #njthose #njperforming #njIT #njaudits.
#nj
⊚ # n j true
⊚ # n j false
6) Information #njis #njdefined #njas #njbeing #njdata #njorganized #njin #nja #njmeaningful #njway #njthat #njis #njuseful #njto #njthe
#nj user.
⊚ # n j true
⊚ # n j false
7) Data #njis #njdefined #njas #njbeing #njinformation #njorganized #njin #nja #njmeaningful #njway #njthat #njis #njuseful #njto #njthe
#nj user.
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
,8) An AIS may create value by giving access to management information relevant to the
decision makers.
⊚ true
⊚ false
9) An AIS may create value by providing an internal control structure needed to make sure the
information is secure, reliable, and free from error.
⊚ true
⊚ false
10) Relevant information’s most defining characteristic is that it is free from bias and error.
⊚ true
⊚ false
11) The characteristics of relevant information include predictive value, feedback value and
timeliness.
⊚ true
⊚ false
12) A faithful representation of the underlying event should reflect the bias of the system analyst.
⊚ true
⊚ false
13) Information overload is defined as the difficulty a person faces in understanding a problem
and making a decision as a consequence of too much information.
⊚ true
⊚ false
14) The main financial benefit of Customer Relationship Management practices reduces the cost
of goods sold.
⊚ true
⊚ false
SCHOLARVAULT
,15) An #njefficient #njEnterprise #njSystem #njcan #njsignificantly #njlower #njthe #njcost #njof #njsupport #njprocesses
included #njin #njsales, #njgeneral, #njand #njadministrative #njexpenses.
#nj
⊚ # n j true
⊚ # n j false
16) An #njaccounting #njinformation #njsystem #nj(AIS) #njis #njdefined #njas #njbeing #njan #njinformation
system #njthat #njrecords, #njprocesses #njand #njreports #njon #njtransactions #njto #njprovide
#nj
financial #njand #njnonfinancial #njinformation #njfor #njdecision #njmaking #njand #njcontrol.
#nj
⊚ # n j true
⊚ # n j false
17) An #njenterprise #njsystem #njis #nja #njcentralized #njdatabase #njthat #njcollects #njdata #njfrom #njthroughout
the #njfirm. #njThis #njincludes #njdata #njfrom #njorders, #njcustomers, #njsales, #njinventory #njand
#nj
#njemployees.
⊚ # n j true
⊚ # n j false
18) Outbound #njlogistics #njare #njthe #njactivities #njassociated #njwith #njreceiving #njand #njstoring #njraw
materials #njas #njwell #njas #njactivities #njthat #njtransform #njthese #njinputs #njinto #njfinished #njgoods.
#nj
⊚ # n j true
⊚ # n j false
19) Service #njActivities #njas #njdefined #njin #njthe #njvalue #njchain #njare #njthose #njactivities #njthat #njprovide #njthe
support #njof #njcustomers #njafter #njthe #njproducts #njand #njservices #njare #njsold #njto #njthem #nj(e.g.
#nj
#njwarranty #njrepairs, #njparts, #njinstruction #njmanuals, #njetc.).
⊚ # n j true
⊚ # n j false
20) A #njwell-designed #njand #njwell-functioning #njAIS #njcan #njbe #njexpected #njto #njcreate #njvalue #njby
providing #njrelevant #njinformation #njhelpful #njto #njmanagement #njto #njincrease #njrevenues
#nj
#njand #njreduce #njexpenses.
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
, 21) Production #njof #nja #nj1040 #njtax #njform #njfrom #njthe #njAIS #njto #njbe #njdelivered #njto #njthe #njInternal
#nj Revenue #njService #njis #njan #njexample #njof #njdiscretionary #njinformation.
⊚ # n j true
⊚ # n j false
22) Enterprise #njSystems #njdo #njnot #njexist #njto #njfacilitate #njdecision #njmaking.
⊚ # n j true
⊚ # n j false
23) The #njSarbanes-Oxley #njAct #njof #nj2002 #njis #nja #njfederal #njlaw #njin #njthe #njUnited #njStates #njthat #njset
#njnew #njand #njenhanced #njstandards #njfor #njall #njU.S. #njpublic #njcompanies, #njtheir #njmanagement
#njand #njpublic #njaccounting #njfirms.
⊚ # n j true
⊚ # n j false
24) CRM #njsoftware #njoften #njincludes #njthe #njuse #njof #njdatabase #njmarketing #njtools #njto #njlearn #njmore
about #njthe #njcustomers #njand #njto #njdevelop #njstrong #njfirm-to-customer #njrelationships.
#nj
⊚ # n j true
⊚ # n j false
25) The #njCertified #njInformation #njTechnology #njProfessional #njis #njthe #njposition #njcreated #njby #njthe
#njAICPA #njto #njrecognize #njCPAs #njwho #njhave #njthe #njability #njto #njprovide #njskilled #njprofessional
#njservices #njon #njInformation #njTechnology.
⊚ # n j true
⊚ # n j false
26) Accounting #njInformation #njSystems #njwhich #njare #njcomputerized #njdo #njnot #njneed #njto #njmaintain
internal #njcontrols.
#nj
⊚ # n j true
⊚ # n j false
SCHOLARVAULT
