Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
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Testk Bank Pagek 1
,Created By: Test B a n k
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Test Ban k f o r Accounting Information Systems, 1st E
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dition by Arline A. Savage Latest 2024
k k k k k k
Chapterk 01:k Accountingk ask Information
1) Accountingk communicatesk tok stakeholders
A) minimallykrequiredk publick financialk data.
B) thek financialk outcomesk ofk operating,k investing,k andk financingk activities.
C) thek salesk strategyk fork thek operating,k marketing,k andk salesk activities.
D) blackkandkwhitekdetailskaboutkthekeconomicskofkoperatingkactivities.kAnswer:kBk
Diff:k1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kCommunicationkBlookm'
s:kComprehensionkAICPA:kAC:kReporting
2) Accountingk communicatesk thek financialk outcomesk ofk ak business'sk activitiesk for
A) operating.
B) investing.
C) financing.
D) Allk ofk thesek answerk choicesk arek correct.k Answer:
Dk Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kCommunicationkBlookm'
s:kComprehensionkAICPA:kAC:kReporting
3) Ink whatk wayk dok managementk teamsk usek accountingk data?
A) Managementk teamsk usek accountingk datak tok makek businessk decisions.
B) Managementk teamsk usek accountingk datak tok makek andk executek plans.
C) Managementk teamsk usek economick andk accountingk datak togetherk tok makek decisions.
D) Allk ofk thesek answerk choicesk arek correct.k Answer:k D
Testk Bank Pagek 2
,Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:k Comprehension
AICPA:k k AC:k Riskk Assessment,k Analysis,k andk Management
4) Whichk statementk isk TRUE?
A) Accountingk consistsk ofk rigidk blackk andk whitek rules.
B) Accountantsk crunchk numbers,k notk makek decisions.
C) Accountingk helpsk supportk ak prosperousk society.
D) Accountantskfocuskonkdebitskandkcredits,knotkbusinesskactivities.kAnswer:kC
kDiff:k1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:kComprehensionkAICPA:kN/A
5) Whichk ofk thek followingk isk NOTk ak componentk ofk ank informationk system?
A) Hardware
B) Software
C) Input
D) Networkk Answer:k Ck Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:k Knowledge
AICPA:k k AC:k Systemsk andk Processk Management
Testk Bank Pagek 3
, Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
6) Inputk tok ank informationk systemk consistsk of
A) rawk andk unorganizedk data.
Testk Bank Pagek 4
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
Testk Bank Pagek 1
,Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
Chapterk 01:k Accountingk ask Information
1) Accountingk communicatesk tok stakeholders
A) minimallykrequiredk publick financialk data.
B) thek financialk outcomesk ofk operating,k investing,k andk financingk activities.
C) thek salesk strategyk fork thek operating,k marketing,k andk salesk activities.
D) blackkandkwhitekdetailskaboutkthekeconomicskofkoperatingkactivities.kAnswer:kBk
Diff:k1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kCommunicationkBlookm'
s:kComprehensionkAICPA:kAC:kReporting
2) Accountingk communicatesk thek financialk outcomesk ofk ak business'sk activitiesk for
A) operating.
B) investing.
C) financing.
D) Allk ofk thesek answerk choicesk arek correct.k Answer:
Dk Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kCommunicationkBlookm'
s:kComprehensionkAICPA:kAC:kReporting
3) Ink whatk wayk dok managementk teamsk usek accountingk data?
A) Managementk teamsk usek accountingk datak tok makek businessk decisions.
B) Managementk teamsk usek accountingk datak tok makek andk executek plans.
C) Managementk teamsk usek economick andk accountingk datak togetherk tok makek decisions.
D) Allk ofk thesek answerk choicesk arek correct.k Answer:k D
Testk Bank Pagek 2
,Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:k Comprehension
AICPA:k k AC:k Riskk Assessment,k Analysis,k andk Management
4) Whichk statementk isk TRUE?
A) Accountingk consistsk ofk rigidk blackk andk whitek rules.
B) Accountantsk crunchk numbers,k notk makek decisions.
C) Accountingk helpsk supportk ak prosperousk society.
D) Accountantskfocuskonkdebitskandkcredits,knotkbusinesskactivities.kAnswer:kC
kDiff:k1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:kComprehensionkAICPA:kN/A
5) Whichk ofk thek followingk isk NOTk ak componentk ofk ank informationk system?
A) Hardware
B) Software
C) Input
D) Networkk Answer:k Ck Diff:k 1
LearningkObjective:k1.1kExplainkhowkaccountingkaffectskbothkthekdemandkforkandksupplykofkinfk or
mation.
SectionkReference:kWhykiskAccountingkInformationkImportant?kAACSB:kAnalytickBlookm's
:k Knowledge
AICPA:k k AC:k Systemsk andk Processk Management
Testk Bank Pagek 3
, Created By: Test B a n k
k
Test Ban k f o r Accounting Information Systems, 1st E
k k k k k
dition by Arline A. Savage Latest 2024
k k k k k k
6) Inputk tok ank informationk systemk consistsk of
A) rawk andk unorganizedk data.
Testk Bank Pagek 4
