Test Bank for Accounting Information Systems, 22nd Edition by Arline A. Savage.pdf

Test Bank for Accounting Information Systems
v v v v v

Sixteenth Edition v


AccountingvInformationvSystems,v16ev(Romney)
Chapterv1 ConceptualvFoundationsvofvAccountingvInformationvSystems

1v Distinguishvdatavfromvinformation,vdiscussvthevcharacteristicsvofvusefulvinformation,vandvexplai
nvhowvtovdeterminevthevvaluevofvinformation.

1) Whichvofvthevfollowingvstatementsvbelowvshowsvthevcontrastvbetweenvdatavandvinformation?
A) Datavisvthevprimaryvoutputvofvanvaccountingvinformationvsystem.
B) Informationvisvthevprimaryvoutputvofvanvaccountingvinformationvsystem.
C) Datavisvmorevusefulvinvdecisionvmakingvthanvinformation.
D) Datavandvinformationvarevthevsame.v
Answer:v B
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

2) Whenvavsubsystem'svgoalsvarevinconsistentvwithvthevgoalsvofvanothervsubsystemvorvwithvthevs
ystemvasvavwhole,vitvcreates
A) systemvinconsistence.
B) systemvconflict.
C) goalvinconsistence.
D) goalvconflict.
Answer:v v D
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

3) Whenvavsubsystemvachievesvitsvgoalsvwhilevcontributingvtovthevorganization'svoverallvgoal,vitvisvc
alled
A) systemvmatch.
B) systemvcongruence.
C) goalvcongruence.
D) goalvmatch.
Answer:v C
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking




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,4) Informationvisvbestvdescribedvas
A) rawvfactsvaboutvtransactions.
B) datavthatvhasvbeenvorganizedvandvprocessedvsovthatvitvisvmeaningfulvtovthevuser.
C) factsvthatvarevusefulvwhenvprocessedvinvavtimelyvmanner.
D) thevsamevthingvasvdata.v
Answer:v B
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

5) Thevvaluevofvinformationvcanvbestvbevdeterminedvby
A) itsvusefulnessvtovdecisionvmakers.
B) itsvrelevancevtovdecisionvmakers.
C) thevbenefitsvassociatedvwithvobtainingvthevinformationvminusvthevcostvofvproducingvit.
D) thevextentvtovwhichvitvoptimizesvthevvaluevchain.v
Answer:v C
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Moderate
AACSB: AnalyticalvThinking

6) Anvaccountingvinformationvsystemv(AIS)vprocessesv tovprovidevusersvwithv .
A) data;vinformation
B) data;vtransactions
C) information;vdata
D) data;vbenefits
vAnswer:v A

Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

7) informationvreducesvuncertainty,vimprovesvdecisionvmakers'vabilityvtovmakev
predictions,vorvconfirmsvexpectations.
A) Timely
B) Accurate
C) Relevant
D) Complete
vAnswer:v C

Concept:v InformationvneedsvandvbusinessvprocessesvObjecti
ve:v LearningvObjectivev1
Difficulty:v v Easy
AACSB: AnalyticalvThinking




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,8) Informationvthatvisvfreevfromverrorvorvbiasvandvfaithfullyvrepresentsvtheveventsvorvactivitiesvofvt
hevorganizationvis
A) relevant.
B) accurate.
C) verifiable.
D) timely.v
Answer:v B
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

9) Informationvthatvdoesvnotvomitvimportantvaspectsvofvthevunderlyingveventsvorvactivitiesvthatvitv
measuresvis
A) complete.
B) available.
C) relevant.
D) timely.v
Answer:v A
Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

10) Informationvisv
whenvtwovknowledgeablevpeoplevindependentlyvproducevthevsamevinformation.
A) verifiable
B) relevant
C) accurate
D) complete
vAnswer:v A

Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking




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, 11) Datavmustvbevconvertedvintovinformationvtovbevconsideredvusefulvandvmeaningfulvforvdecisionv
making.vTherevarev14vcharacteristicsvthatvmakevinformationvbothvusefulvandvmeaningful.vIfvinform
ationvisvfreevfromverrorvorvbiasvandvfaithfullyvrepresentsvtheveventsvorvactivitiesvofvthevorganization
,vitvisvrepresentativevofvthevcharacteristicvof
A) relevancy.
B) timeliness.
C) understandability.
D) accuracy.
vAnswer:v D

Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

12) Datavmustvbevconvertedvintovinformationvtovbevconsideredvusefulvandvmeaningfulvforvdecisionv
making.vTherevarev14vcharacteristicsvthatvmakevinformationvbothvusefulvandvmeaningful.vIfvinform
ationvcanvhelpvreducevuncertainty,vimprovesvdecisionvmaking,vorvconfirmsvorvcorrectsvpriorvexpecta
tions,vitvisvrepresentativevofvthevcharacteristicvof
A) objectivity.
B) relevance.
C) completeness.
D) truthfulness.
vAnswer:v B

Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking

13) Datavmustvbevconvertedvintovinformationvtovbevconsideredvusefulvandvmeaningfulvforvdecisionv
making.vTherevarev14vcharacteristicsvthatvmakevinformationvbothvusefulvandvmeaningful.vIfvthevsa
mevinformationvcanvbevreproducedvbyvtwovindependentvandvknowledgeablevpeople,vitvisvrepresenta
tivevofvthevcharacteristicvof
A) accuracy.
B) relevance.
C) verifiability.
D) truthfulness.
vAnswer:v C

Concept:v ThevconceptvofvinformationvO
bjective:v LearningvObjectivev1vDifficu
lty:v Easy
AACSB: AnalyticalvThinking




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