Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage Latest 2024

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TestxBankxforxAccountingxInformationxSystems,
x1stxEditionxbyxArlinexA.xSavagexLatestx2
024
Chapterx01:xAccountingxasxInformation
1) Accountingxcommunicatesxtoxstakeholders
A) minimallyxrequiredxpublicxfinancialxdata.
B) thexfinancialxoutcomesxofxoperating,xinvesting,xandxfinancingxactivities.
C) thexsalesxstrategyxforxthexoperating,xmarketing,xandxsalesxactivities.
D) blackxandxwhitexdetailsxaboutxthexeconomicsxofxoperatingxactivities.xAns
wer:xBxDiff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xCommunic
ationxBloom's:xComprehensionxAICPA:xAC:xReporting


2) Accountingxcommunicatesxthexfinancialxoutcomesxofxaxbusiness'sxactivitiesxfor
A) operating.
B) investing.
C) financing.
D) Allxofxthesexanswerxchoicesxarexcorrect.xAnsw
er:xDxDiff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xCommunic
ationxBloom's:xComprehensionxAICPA:xAC:xReporting


3) Inxwhatxwayxdoxmanagementxteamsxusexaccountingxdata?
A) Managementxteamsxusexaccountingxdataxtoxmakexbusinessxdecisions.
B) Managementxteamsxusexaccountingxdataxtoxmakexandxexecutexplans.
C) Managementxteamsxusexeconomicxandxaccountingxdataxtogetherxtoxmakexdecisions.
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D) Allxofxthesexanswerxchoicesxarexcorrect.xAnswer:xD




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Diff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xAn
alyticxBloom's:x Comprehension
AICPA:x AC:xRiskxAssessment,xAnalysis,xandxManagement


4) WhichxstatementxisxTRUE?
A) Accountingxconsistsxofxrigidxblackxandxwhitexrules.
B) Accountantsxcrunchxnumbers,xnotxmakexdecisions.
C) Accountingxhelpsxsupportxaxprosperousxsociety.
D) Accountantsxfocusxonxdebitsxandxcredits,xnotxbusinessxactivities.xAns
wer:xCxDiff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xAn
alyticxBloom's:xComprehensionxAICPA:xN/A


5) WhichxofxthexfollowingxisxNOTxaxcomponentxofxanxinformationxsystem?
A) Hardware
B) Software
C) Input
D) NetworkxAnswer:xCxDiff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xAn
alyticxBloom's:x Knowledge
AICPA:x AC:xSystemsxandxProcessxManagement


6) Inputxtoxanxinformationxsystemxconsistsxof
A) rawxandxunorganizedxdata.


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B) hardwarexandxsoftware.
C) reportedxinformation.
D) processedxdata
.
Answer:x A
Diff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xAn
alyticxBloom's:x Knowledge
AICPA:x AC:xSystemsxandxProcessxManagement
7) Whichxofxthexfollowingxisxaxdefinitionxofxoutputxfromxanxinformationxsystem?
A) Outputxisxrawxandxunorganizedxdata.
B) Outputxisxinformationxproducedxbyxprocessingxdata.
C) Outputxisxdatabasexfactsxandxfigures.
D) Outputxisxinformationxcollectedxfromxusers.xAnswer:xB


Diff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
SectionxReference:xWhyxisxAccountingxInformationxImportant?xAACSB:xAn
alyticxBloom's:x Comprehension
AICPA:x AC:xSystemsxandxProcessxManagement


8) WhichxstatementxconcerningxdataxisxTRUE?
A) Dataxisxuselessxtoxaxbusinessxuntilxtransformedxintoxinformation.
B) Dataxisxthexoutputxfromxanxinformationxsystem.
C) Dataxisxorganizedxintoxunderstandablexformats.
D) Dataxisxprocessedxbeforexbeingxinputxintoxthexinformationxsystem.xAns
wer:xAxDiff:x1
LearningxObjective:x1.1xExplainxhowxaccountingxaffectsxbothxthexdemandxforxandxs
upplyxofxinformation.
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