TEST BANK#z
Accounting Information Systems
#z #z
by Marshall Romney, Paul Steinbart
#z #z #z #z
15th Edition
#z
FULL TEST BANK!!! #z #z
, Chapter 1 Accounting Information Systems: An Overview
#z #z #z #z #z #z
1.1 Distinguish #zdata #zfrom #zinformation, #zdiscuss #zthe #zcharacteristics #zof #zuseful #zinformation,
#zand #zexplain #zhow #zto #zdetermine #zthe #zvalue #zof #zinformation.
1) Which #zof #zthe#zfollowing #zstatements #zbelow #zshows #zthe #zcontrast #zbetween #zdata
#zand #zinformation?
A) Data #zis #zthe #zoutput #zof #zan #zAIS.
B) Information #zis #zthe #zprimary #zoutput #zof #zan #zAIS.
C) Data #zis#zmore #zuseful #zin #zdecision #zmaking #zthan #zinformation.
D) Data #zand #zinformation #zare #zthe #zsame.
Answer: # z B
2) Information #zis #zbest #zdescribed #zas
A) raw #zfacts #zabout #ztransactions.
B) data #zthat #zhas #zbeen #zorganized #zand #zprocessed #zso #zthat #zit #zis #zmeaningful #zto #zthe #zuser.
C) facts #zthat #zare #zuseful #zwhen #zprocessed #zin #za #ztimely #zmanner.
D) the #zsame #zthing #zas #zdata.
Answer: # z B
3) The#zvalue #zof #zinformation #zcan #zbest #zbe #zdetermined #zby
A) its #zusefulness #zto #zdecision #zmakers.
B) its #zrelevance #zto #zdecision #zmakers.
C) the #zbenefits #zassociated #zwith #zobtaining #zthe #zinformation #zminus #zthe #zcost #zof #zproducing #zit.
D) the #zextent #zto #zwhich #zit #zoptimizes #zthe #zvalue #zchain.
Answer: # z C
4) An #zaccounting #zinformation #zsystem #z(AIS) #zprocesses to #zprovide #zusers #zwith
.
A) data; #zinformation
B) data; #ztransactions
C) information; #zdata
D) data;
benefits
#z
#z Answer: # z A
5) information #zreduces #zuncertainty, #zimproves #zdecision #zmakers' #zability #zto
#zmake #zpredictions, #zor #zconfirms #zexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
Answer: 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.
Answer: 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.
Answer: A
8) Information is when two knowledgeable people independently produce the
same information.
A) verifiable
B) relevant
C) reliable
D) complete
Answer: 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.
B) timeliness.
C) understandability.
D) reliability.
2
, Answer: # z D
10) Inventory #zinformation #zis #zprovided #zin #zreal #ztime #zby #za #zfirm's #zaccounting #zinformation
#zsystem. #zThe #zaccuracy #zof #zthis #zinformation #zis #zquestionable, #zhowever, #zsince #zthe
#zproduction #zmanager #zoften #zreports #zstock #zouts #zof #zcomponents #zthat #zthe #zsystem
#zindicates #zare #zin #zstock. #zWhich #zof #zthe #zfollowing #zcharacteristics #zof #zuseful #zinformation #zis
#zabsent #zin #zthe #zsituation #zdescribed #zabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: # z B
#z
11) Cheryl #zMetrejean #zhas #zbeen #zthe #zcontroller #zof #zDowntown #zTires #zfor #z25 #zyears.
#zOwnership #zof #zthe #zfirm #zrecently #zchanged #zhands #zand #zthe #znew #zowners #zare #zconducting #zan
#zaudit #zof #zthe #zfinancial #zrecords. #zThe #zaudit #zhas #zbeen #zunable #zto #zreproduce #zfinancial
#zreports #zthat #zwere #zprepared #zby #zMs. #zMetrejean. #zWhile #zthere #zis #zno #zevidence #zof
#zwrongdoing, #zthe #zauditors #zare #zconcerned #zthat #zthe #zdiscrepancies #zmight #zcontribute #zto
#zpoor #zdecisions. #zWhich #zof #zthe #zfollowing #zcharacteristics #zof #zuseful #zinformation #zis #zabsent
#zin #zthe #zsituation #zdescribed #zabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: # z F
#z
12) In #z2003, #zSingh #zManufacturing #zimplemented #za #zWeb-based #zinformation #zsystem #zthat
#zallows #zall #zemployees #zto #zaccess #zmission-critical #zinformation. #zThe #zintention #zwas #zto #zincrease
#zproduction #zefficiency. #zUnfortunately, #zit #zhad #zthe #zopposite #zeffect, #zas #zdeliveries #zfell
#zbehind #zschedule #zand #zcosts #zincreased. #zShaman #zGupta, #zthe #zdirector #zof #zinformation
#ztechnology #zservices, #zasked #zAshlee #zWells #zto #zcome #zin #zand #ztalk #zwith #zhim #zabout #zthe
#zsystem. #zAshlee #zis #za #zlong-time #zemployee #zof #zSingh, #zand #zher #zopinion #zis #zvalued #zby #zher
#zpeers #zand #zby #zher #zsupervisor.
"So #zAshlee, #zhow's #zit #zgoing #zdown #zthere #zin #zthe #zshop?"
"Not #zso #zgood, #zShaman. #zUsed #zto #zbe #zwe #zgot #za #zweekly #zpick #zlist #zso #zwe #zknew #zhow #zto #zplan
#zproduction. #zNow, #zwe #zgot #zthat #zcomputer #zsystem. #zMost #zof #zus #zcan't #zfigure #zout #zhow #zto #zuse #zit
3
Accounting Information Systems
#z #z
by Marshall Romney, Paul Steinbart
#z #z #z #z
15th Edition
#z
FULL TEST BANK!!! #z #z
, Chapter 1 Accounting Information Systems: An Overview
#z #z #z #z #z #z
1.1 Distinguish #zdata #zfrom #zinformation, #zdiscuss #zthe #zcharacteristics #zof #zuseful #zinformation,
#zand #zexplain #zhow #zto #zdetermine #zthe #zvalue #zof #zinformation.
1) Which #zof #zthe#zfollowing #zstatements #zbelow #zshows #zthe #zcontrast #zbetween #zdata
#zand #zinformation?
A) Data #zis #zthe #zoutput #zof #zan #zAIS.
B) Information #zis #zthe #zprimary #zoutput #zof #zan #zAIS.
C) Data #zis#zmore #zuseful #zin #zdecision #zmaking #zthan #zinformation.
D) Data #zand #zinformation #zare #zthe #zsame.
Answer: # z B
2) Information #zis #zbest #zdescribed #zas
A) raw #zfacts #zabout #ztransactions.
B) data #zthat #zhas #zbeen #zorganized #zand #zprocessed #zso #zthat #zit #zis #zmeaningful #zto #zthe #zuser.
C) facts #zthat #zare #zuseful #zwhen #zprocessed #zin #za #ztimely #zmanner.
D) the #zsame #zthing #zas #zdata.
Answer: # z B
3) The#zvalue #zof #zinformation #zcan #zbest #zbe #zdetermined #zby
A) its #zusefulness #zto #zdecision #zmakers.
B) its #zrelevance #zto #zdecision #zmakers.
C) the #zbenefits #zassociated #zwith #zobtaining #zthe #zinformation #zminus #zthe #zcost #zof #zproducing #zit.
D) the #zextent #zto #zwhich #zit #zoptimizes #zthe #zvalue #zchain.
Answer: # z C
4) An #zaccounting #zinformation #zsystem #z(AIS) #zprocesses to #zprovide #zusers #zwith
.
A) data; #zinformation
B) data; #ztransactions
C) information; #zdata
D) data;
benefits
#z
#z Answer: # z A
5) information #zreduces #zuncertainty, #zimproves #zdecision #zmakers' #zability #zto
#zmake #zpredictions, #zor #zconfirms #zexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
Answer: 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.
Answer: 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.
Answer: A
8) Information is when two knowledgeable people independently produce the
same information.
A) verifiable
B) relevant
C) reliable
D) complete
Answer: 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.
B) timeliness.
C) understandability.
D) reliability.
2
, Answer: # z D
10) Inventory #zinformation #zis #zprovided #zin #zreal #ztime #zby #za #zfirm's #zaccounting #zinformation
#zsystem. #zThe #zaccuracy #zof #zthis #zinformation #zis #zquestionable, #zhowever, #zsince #zthe
#zproduction #zmanager #zoften #zreports #zstock #zouts #zof #zcomponents #zthat #zthe #zsystem
#zindicates #zare #zin #zstock. #zWhich #zof #zthe #zfollowing #zcharacteristics #zof #zuseful #zinformation #zis
#zabsent #zin #zthe #zsituation #zdescribed #zabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: # z B
#z
11) Cheryl #zMetrejean #zhas #zbeen #zthe #zcontroller #zof #zDowntown #zTires #zfor #z25 #zyears.
#zOwnership #zof #zthe #zfirm #zrecently #zchanged #zhands #zand #zthe #znew #zowners #zare #zconducting #zan
#zaudit #zof #zthe #zfinancial #zrecords. #zThe #zaudit #zhas #zbeen #zunable #zto #zreproduce #zfinancial
#zreports #zthat #zwere #zprepared #zby #zMs. #zMetrejean. #zWhile #zthere #zis #zno #zevidence #zof
#zwrongdoing, #zthe #zauditors #zare #zconcerned #zthat #zthe #zdiscrepancies #zmight #zcontribute #zto
#zpoor #zdecisions. #zWhich #zof #zthe #zfollowing #zcharacteristics #zof #zuseful #zinformation #zis #zabsent
#zin #zthe #zsituation #zdescribed #zabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: # z F
#z
12) In #z2003, #zSingh #zManufacturing #zimplemented #za #zWeb-based #zinformation #zsystem #zthat
#zallows #zall #zemployees #zto #zaccess #zmission-critical #zinformation. #zThe #zintention #zwas #zto #zincrease
#zproduction #zefficiency. #zUnfortunately, #zit #zhad #zthe #zopposite #zeffect, #zas #zdeliveries #zfell
#zbehind #zschedule #zand #zcosts #zincreased. #zShaman #zGupta, #zthe #zdirector #zof #zinformation
#ztechnology #zservices, #zasked #zAshlee #zWells #zto #zcome #zin #zand #ztalk #zwith #zhim #zabout #zthe
#zsystem. #zAshlee #zis #za #zlong-time #zemployee #zof #zSingh, #zand #zher #zopinion #zis #zvalued #zby #zher
#zpeers #zand #zby #zher #zsupervisor.
"So #zAshlee, #zhow's #zit #zgoing #zdown #zthere #zin #zthe #zshop?"
"Not #zso #zgood, #zShaman. #zUsed #zto #zbe #zwe #zgot #za #zweekly #zpick #zlist #zso #zwe #zknew #zhow #zto #zplan
#zproduction. #zNow, #zwe #zgot #zthat #zcomputer #zsystem. #zMost #zof #zus #zcan't #zfigure #zout #zhow #zto #zuse #zit
3
