TEST BANK Accounting Information Systems, 11e (Bodnar/Hopwood

TEST BANK Accounting Information Systems, 11e (Bodnar/Hopwood Accounting Information Systems, 11e (Bodnar/Hopwood) Chapter 1 Accounting Information Systems: An Overview 1) A system is a collection of related resources designed to help a company achieve specified objectives. Answer: TRUE Diff: 1 Learning Obj.: 1 2) Accounting information systems are designed to gather and utilize information which may cost more to provide than it is worth to the user. Answer: FALSE Diff: 2 Learning Obj.: 1 3) The basic goal of accounting information systems is to convert financial data into information. Answer: TRUE Diff: 1 Learning Obj.: 1 4) Quick-response systems are essential to the total quality performance movement in business. Answer: TRUE Diff: 1 Learning Obj.: 4 5) All data processed and information stored in an accounting information system are mandatory for financial reporting purposes. Answer: FALSE Diff: 2 Learning Obj.: 1 6) A typical CRM contains one common database in which all departments with customer contact can access and update. Answer: TRUE Diff: 1 Learning Obj.: 3 7) A company can use QR codes to provide a convenient way to direct customers to its Web site by embedding them in advertising, such as magazines or in-store displays. Answer: TRUE Diff: 1 Learning Obj.: 4 2 8) An extended enterprise brings suppliers and customers together in order to meet customer demand while minimizing supplier costs. Answer: FALSE Diff: 1 Learning Obj.: 4 9) Procurement and firm infrastructure are examples of primary business processes. Answer: FALSE Diff: 3 Learning Obj.: 1 10) Good documentation means that records should be maintained by all parties involved in a transaction. Answer: TRUE Diff: 1 Learning Obj.: 1 11) Some organizations that use computers to process transactional data must have an information system function. Answer: FALSE Diff: 2 Learning Obj.: 2 12) The operations function allows specialization in areas such as operating systems and software and communications technology. Answer: FALSE Diff: 3 Learning Obj.: 2 13) Cloud computing describes the increasing trend for data processing capabilities to be provided as a service via the Internet. Answer: TRUE Diff: 1 Learning Obj.: 4 14) Most batch processing environments are JIT environments. Answer: FALSE Diff: 2 Learning Obj.: 3 15) XBRL is a language that facilitates the exchange of financial statements over the Internet. Answer: TRUE Diff: 2 Learning Obj.: 4 3 16) External users of accounting information include stockholders, investors, creditors, government agencies, customers and vendors, competitors, labor unions, and the public at large. Answer: TRUE Diff: 1 Learning Obj.: 1 17) A decision support system (DSS) is tailored to the strategic information needs of top-level management. Answer: FALSE Diff: 1 Learning Obj.: 3 18) The AIS benefits of information technology include automation, information organization, and communication. Answer: TRUE Diff: 1 Learning Obj.: 3