Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

AccountingLInformationLSystemsL1stLEditionLSavageLTestLBank


InstantLAcces
AccountingLInformationLSystems,L1eL(Savag
e)LChapterL1 sLAllLChapter
AccountingLasLInformation
s
1) Accounting-communicatesLtoLstakeholders
A) minimally-requiredLpublicLfinancialLdata.
B) theLfinancialLoutcomesLofLoperating,Linvesting,LandLfinancingLactivit
ies.
C) theLsalesLstrategy-forLtheLoperating,Lmarketing,LandLsalesLactivities.
D) blackLandLwhiteLdetailsLaboutLtheLeconomicsLofLoperatingLactivit
ies.LAnswer:L B
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemandLforLandLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Communication
Bloom's:L Comprehension
LAICPA:L AC:LReporting


2) Accounting-communicatesLtheLfinancialLoutcomesLofLaLbusiness'sLactivitiesLfor
A) operating.
B) investing.
C) financing.
D) AllLofLtheseLanswerLchoicesLare-
correct.LAnswer:L D
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemandLforLandLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Communication
Bloom's:L Comprehension
LAICPA:L AC:LReporting


3) InLwhatLwayLdoLmanagementLteamsLuseLaccountingLdata?
A) ManagementLteamsLuseLaccountingLdataLtoLmakeLbusinessLdecisions.
B) ManagementLteamsLuseLaccounting-dataLtoLmakeLandLexecuteLplans.
C) ManagementLteamsLuseLeconomicLandLaccountingLdataLtogetherLtoLmakeLdecisions.
D) AllLofLtheseLanswerLchoicesLare-
correct.LAnswer:L D
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemandLforLandLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Comprehension
AICPA:L AC:LRiskLAssessment,LAnalysis,LandLManagement



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,4) WhichLstatementLisLTRUE?
A) AccountingLconsistsLofLrigidLblackLandLwhiteLrules.
B) AccountantsLcrunchLnumbers,LnotLmakeLdecisions.
C) Accounting-helpsLsupportLaLprosperousLsociety.
D) AccountantsLfocusLonLdebitsLandLcredits,LnotLbusinessLactivit
ies.LAnswer:L C
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemandLfor-andLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L Comprehension
LAICPA:L N/A


5) WhichLofLtheLfollowingLisLNOTLaLcomponentLofLanLinformationLsystem?
A) Hardware
B) Software
C) Input
D) Network
LAnswer:L
CLDiff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemand-for-andLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Knowledge
AICPA:L L AC:LSystemsLandLProcessLManagement

6) InputLtoLan-informationLsystemLconsistsLof
A) rawLandLunorganizedLdata.
B) hardwareLandLsoftware.
C) reported-information.
D) processedLdat
a.LAnswer:L AL
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemand-for-andLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Knowledge
AICPA:L L AC:LSystemsLandLProcessLManagement

7) WhichLofLtheLfollowingLisLaLdefinitionLofLoutputLfromLanLinformationLsystem?
A) Output-isLrawLandLunorganizedLdata.
B) OutputLisLinformationLproducedLbyLprocessing-data.
C) OutputLisLdatabaseLfactsLandLfigures.
D) Output-
isLinformationLcollectedLfromLusers.LAnswer
2

,:L B




3

, Diff:L1
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemand-forLandLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Comprehension
AICPA:L L AC:LSystemsLandLProcessLManagement

8) WhichLstatementLconcerningLdataLisLTRUE?
A) DataLisLuselessLtoLaLbusinessLuntilLtransformedLintoLinformation.
B) DataLisLtheLoutputLfromLanLinformationLsystem.
C) DataLisLorganized-intoLunderstandableLformats.
D) DataLisLprocessedLbeforeLbeingLinputLintoLtheLinformationLsyst
em.LAnswer:L A
Diff:L1
LearningLObjective:L 1.1LExplainLhow-accountingLaffectsLbothLtheLdemand-for-andLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Comprehension
AICPA:L L AC:LSystemsLandLProcessLManagement

9) WhichLofLtheLfollowingLactivitiesLwouldLNOTLresultLinLaLtransactionLinLanLaccou
ntingLinformationLsystem?
A) SellLgoodsLtoLaLcustomerLonLaccount
B) PurchaseLsuppliesLonLcredit
C) PrepayLfor-sixLmonthsLofLinsurance
D) ReceiveLaLcustomer-
order-L Answer:L D
Diff:L2
LearningLObjective:L 1.1LExplainLhow-accounting-affectsLbothLtheLdemand-for-andLsupply-
ofLinformation.
SectionLReference:L WhyLisLAccountingLInformationLImportant?L
AACSB:L Analytic
Bloom's:L L Application
AICPA:L L AC:LSystemsLandLProcessLManagement




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