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

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Test Bank for Accounting Information Systems, 1st
n




Edition by Arline A. Savage Latest 2024
Chapterwk01:wkAccountingwkaswkInformation
1) Accountingwkcommunicateswktowkstakeholders
A) minimallywkrequiredwkpublicwkfinancialwkdata.
B) thewkfinancialwkoutcomeswkofwkoperating,wkinvesting,wkandwkfinancingwkactivities.
C) thewksaleswkstrategywkforwkthewkoperating,wkmarketing,wkandwksaleswkactivities.
D) blackwkandwkwhitewkdetailswkaboutwkthewkeconomicswkofwkoperatingwkactivities.wkA
nswer:wkBwkDiff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkCommun
icationwkBloom's:wkComprehensionwkAICPA:wkAC:wkReporting


2) Accountingwkcommunicateswkthewkfinancialwkoutcomeswkofwkawkbusiness'swkactivitieswkfor
A) operating.
B) investing.
C) financing.
D) Allwkofwkthesewkanswerwkchoiceswkarewkcorrect.wkAns
wer:wkDwkDiff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkCommuni
cationwkBloom's:wkComprehensionwkAICPA:wkAC:wkReporting


3) Inwkwhatwkwaywkdowkmanagementwkteamswkusewkaccountingwkdata?
A) Managementwkteamswkusewkaccountingwkdatawktowkmakewkbusinesswkdecisions.
B) Managementwkteamswkusewkaccountingwkdatawktowkmakewkandwkexecutewkplans.
C) Managementwkteamswkusewkeconomicwkandwkaccountingwkdatawktogetherwktowkmakewkdecisions.
D) Allwkofwkthesewkanswerwkchoiceswkarewkcorrect.wkAnswer:wkD

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Diff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Comprehension
AICPA:w k AC:wkRiskwkAssessment,wkAnalysis,wkandwkManagement


4) WhichwkstatementwkiswkTRUE?
A) Accountingwkconsistswkofwkrigidwkblackwkandwkwhitewkrules.
B) Accountantswkcrunchwknumbers,wknotwkmakewkdecisions.
C) Accountingwkhelpswksupportwkawkprosperouswksociety.
D) Accountantswkfocuswkonwkdebitswkandwkcredits,wknotwkbusinesswkactivities.wkAn
swer:wkCwkDiff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:wkComprehensionwkAICPA:wkN/A


5) WhichwkofwkthewkfollowingwkiswkNOTwkawkcomponentwkofwkanwkinformationwksystem?
A) Hardware
B) Software
C) Input
D) NetworkwkAnswer:wkCwkDiff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Knowledge
AICPA:w k AC:wkSystemswkandwkProcesswkManagement


6) Inputwktowkanwkinformationwksystemwkconsistswkof
A) rawwkandwkunorganizedwkdata.


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B) hardwarewkandwksoftware.
C) reportedwkinformation.
D) processedwkdata
.wkAnswer:w k A
Diff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Knowledge
AICPA:w k AC:wkSystemswkandwkProcesswkManagement
7) Whichwkofwkthewkfollowingwkiswkawkdefinitionwkofwkoutputwkfromwkanwkinformationwksystem?
A) Outputwkiswkrawwkandwkunorganizedwkdata.
B) Outputwkiswkinformationwkproducedwkbywkprocessingwkdata.
C) Outputwkiswkdatabasewkfactswkandwkfigures.
D) Outputwkiswkinformationwkcollectedwkfromwkusers.wkAnswer:wkB


Diff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Comprehension
AICPA:w k AC:wkSystemswkandwkProcesswkManagement


8) WhichwkstatementwkconcerningwkdatawkiswkTRUE?
A) Datawkiswkuselesswktowkawkbusinesswkuntilwktransformedwkintowkinformation.
B) Datawkiswkthewkoutputwkfromwkanwkinformationwksystem.
C) Datawkiswkorganizedwkintowkunderstandablewkformats.
D) Datawkiswkprocessedwkbeforewkbeingwkinputwkintowkthewkinformationwksystem.wkA
nswer:wkAwkDiff:wk1
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.


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SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Comprehension
AICPA:w k AC:wkSystemswkandwkProcesswkManagement


9) WhichwkofwkthewkfollowingwkactivitieswkwouldwkNOTwkresultwkinwkawktransactionwkinwkanwk
accountingwkinformationwksystem?
A) Sellwkgoodswktowkawkcustomerwkonwkaccount
B) Purchasewksupplieswkonwkcredit
C) Prepaywkforwksixwkmonthswkofwkinsurance
D) ReceivewkawkcustomerwkorderwkAnswer
:wkDwkDiff:wk2
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Application
AICPA:w k AC:wkSystemswkandwkProcesswkManagement


10) Whichwkofwkthewkfollowingwkactivitieswkresultswkinwkawktransactionwkanwkaccountingwkinf
ormationwksystem?
A) Sellwkgoodswktowkawkcustomer
B) Submitwkanwkorderwktowkawkvendor
C) Createwkestimateswkforwkawkcustomer
D) ReceivewkawkcustomerwkorderwkAnswer
:wkAwkDiff:wk2
LearningwkObjective:wk1.1wkExplainwkhowwkaccountingwkaffectswkbothwkthewkdemandwkforwkandwksupplywko
fwkinformation.
SectionwkReference:wkWhywkiswkAccountingwkInformationwkImportant?wkAACSB:wkAnalyticwk
Bloom's:w k Application
AICPA:w k AC:wkSystemswkandwkProcesswkManagement


11) Awkbusinesswkmodelwkis


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