Accounting Information Systems, 16th Edition by Marshall B Romney -ISBN:9780730302476 All Chapters (1-24) Latest Test Bank

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, All Chapters
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Accounting Information Systems, 16e (Romney) 2p 2p 2p 2p


Chapter 1 Conceptual Foundations of Accounting Information Systems
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1 Distinguish data from information, discuss the characteristics of useful information, and ex
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plain how to determine the value of information.
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1) Which of the following statements below shows the contrast between data and information?
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A) Data is the primary output of an accounting information system.
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B) Information is the primary output of an accounting information system.
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C) Data is more useful in decision making than information.
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D) Data and information are the same
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. Answer: B
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Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Easy 2 p


AACSB: Analytical Thinking 2p




2) When a subsystem's goals are inconsistent with the goals of another subsystem or with t
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he system as a whole, it creates
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A) system inconsistence. 2p


B) system conflict. 2p


C) goal inconsistence. 2p


D) goal conflict 2p


.
Answer: D 2 p 2 p


Concept: The concept of information O
2 p 2p 2p 2p 2p


bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy 2 p


AACSB: Analytical Thinking 2p




3) When a subsystem achieves its goals while contributing to the organization's overall goal, it
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is called
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A) system match. 2p


B) system congruence. 2p


C) goal congruence. 2p


D) goal match. 2p


Answer: C
2p 2 p


Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy 2 p


AACSB: Analytical Thinking 2p




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,4) Information is best described as 2p 2p 2p 2p


A) raw facts about transactions.
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B) data that has been organized and processed so that it is meaningful to the user.
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C) facts that are useful when processed in a timely manner.
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D) the same thing as data
2p 2p 2p 2p


.
Answer: B 2 p 2 p


Concept: The concept of information O
2 p 2p 2p 2p 2p


bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy
2 p


AACSB: Analytical Thinking 2p




5) The value of information can best be determined by
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A) its usefulness to decision makers.
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B) its relevance to decision makers.
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C) the benefits associated with obtaining the information minus the cost of producing it.
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D) the extent to which it optimizes the value chai
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n. Answer: C
2p 2 p


Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Moderate
2 p


AACSB: Analytical Thinking 2p




6) An accounting information system (AIS) processes
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2p 2p 2p 2p .
A) data; information 2p


B) data; transactions 2p


C) information; data 2p


D) data; benefits 2p


Answer: A
2p 2 p


Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy
2 p


AACSB: Analytical Thinking 2p




7) information reduces uncertainty, improves decision makers' ability to mak 2p 2p 2p 2p 2p 2p 2p 2p


e predictions, or confirms expectations.
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A) Timely
B) Accurate
C) Relevant
D) Complete
Answer:
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C
Concept: Information needs and business processes O
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bjective: Learning Objective 1 2 p 2p 2p


Difficulty: Easy 2 p 2 p


AACSB: Analytical Thinking 2p




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, 8) Information that is free from error or bias and faithfully represents the events or activities
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of the organization is
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A) relevant.
B) accurate.
C) verifiable.
D) timely. 2p


Answer: 2 p


B
Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy
2 p


AACSB: Analytical Thinking 2p




9) Information that does not omit important aspects of the underlying events or activities that
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it measures is
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A) complete.
B) available.
C) relevant.
D) timely. 2p


Answer: 2 p


A
Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
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y: Easy
2 p


AACSB: Analytical Thinking 2p




10) Information is 2p 2p


when two knowledgeable people independently produce the same information.
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A) verifiable
B) relevant
C) accurate
D) complete
Answer:
2p 2 p


A
Concept: The concept of information O
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bjective: Learning Objective 1 Difficult
2 p 2p 2p 2p


y: Easy
2 p


AACSB: Analytical Thinking 2p




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