TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
A+ Page 1
J
,TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
TEST BANK FOR ACCOUNTINGINFORMATION SYSTEM 1ST E
J J J J J J J
DITION BY ARLINE SAVAGE A+ J J J J
Chapter 01: Accounting as Information J J J J
1) Accounting communicates to stakeholders J J J
A) minimallyrequired public financial data.J J J J
B) the financial outcomes of operating, investing, and financing activities.
J J J J J J J J
C) the sales strategyfor the operating, marketing, and sales activities.
J J J J J J J J J
D) black and white details about the economics of operatingactivities. Answer: B Diff:
J J J J J J J J J J J J J
1
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
J J J J J J J J J J
omprehension AICPA: AC: Reporting
J J J
2) Accounting communicates the financial outcomes of a business's activities for
J J J J J J J J J
A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct. Answer:D Dif
J J J J J J J J J
f: 1J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
J J J J J J J J J J
omprehension AICPA: AC: Reporting
J J J
3) In what waydo management teams use accounting data?
J J J J J J J J
A) Management teams use accounting data to make business decisions.J J J J J J J J
B) Management teams use accounting data to make and execute plans. J J J J J J J J J
C) Management teams use economic and accounting data together to make decisions.
J J J J J J J J J J
A+ Page 2 J
, TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
D) All of these answer choices are correct. Answer:D Dif
J J J J J J J J J
f: 1 J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J
omprehension
AICPA: AC: Risk Assessment, Analysis, and Management
J J J J J J
4) Which statement is TRUE?J J J
A) Accounting consists of rigid black and white rules.
J J J J J J J
B) Accountants crunch numbers, not make decisions. J J J J J
C) Accounting helps support a prosperous society.
J J J J J
D) Accountants focus on debits and credits, not business activities. Answer:C Diff:
J J J J J J J J J J J
J 1
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: Co
J J J J J J J J J J
mprehension AICPA: N/A J J
5) Which of the following is NOT a component of an information system?
J J J J J J J J J J J
A) Hardware
B) Software
C) Input
D) Network Answer: C Diff: 1 J J J J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J
nowledge
AICPA: AC: Systems and Process Management
J J J J J
A+ Page 3
J
, TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
6) Input to an information system consists of
J J J J J J
A) raw and unorganized data.
J J J
B) hardware and software. J J
C) reported information. J
D) processed data. J
Answer: A J
Diff: 1
J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J
nowledge
AICPA: AC: Systems and Process Management
J J J J J
7) Which of the following is a definition of output from an information system?
J J J J J J J J J J J J
A) Output is raw and unorganized data. J J J J J
B) Output is information produced byprocessing data.
J J J J J J
C) Output is database facts and figures.
J J J J J
D) Output is information collected from users. Answer: B
J J J J J J J
Diff: 1
J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J
omprehension
AICPA: AC: Systems and Process Management
J J J J J
8) Which statement concerning data is TRUE?
J J J J J
A) Data is useless to a business until transformed into information.
J J J J J J J J J
B) Data is the output from an information system.
J J J J J J J
C) Data is organized into understandable formats.
J J J J J
D) Data is processed before being input into the information system. Answer: A
J J J J J J J J J J J
A+ Page 4
J
onJbyJArlineJA.JSavage
A+ Page 1
J
,TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
TEST BANK FOR ACCOUNTINGINFORMATION SYSTEM 1ST E
J J J J J J J
DITION BY ARLINE SAVAGE A+ J J J J
Chapter 01: Accounting as Information J J J J
1) Accounting communicates to stakeholders J J J
A) minimallyrequired public financial data.J J J J
B) the financial outcomes of operating, investing, and financing activities.
J J J J J J J J
C) the sales strategyfor the operating, marketing, and sales activities.
J J J J J J J J J
D) black and white details about the economics of operatingactivities. Answer: B Diff:
J J J J J J J J J J J J J
1
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
J J J J J J J J J J
omprehension AICPA: AC: Reporting
J J J
2) Accounting communicates the financial outcomes of a business's activities for
J J J J J J J J J
A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct. Answer:D Dif
J J J J J J J J J
f: 1J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB:Communication Bloom's: C
J J J J J J J J J J
omprehension AICPA: AC: Reporting
J J J
3) In what waydo management teams use accounting data?
J J J J J J J J
A) Management teams use accounting data to make business decisions.J J J J J J J J
B) Management teams use accounting data to make and execute plans. J J J J J J J J J
C) Management teams use economic and accounting data together to make decisions.
J J J J J J J J J J
A+ Page 2 J
, TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
D) All of these answer choices are correct. Answer:D Dif
J J J J J J J J J
f: 1 J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J
omprehension
AICPA: AC: Risk Assessment, Analysis, and Management
J J J J J J
4) Which statement is TRUE?J J J
A) Accounting consists of rigid black and white rules.
J J J J J J J
B) Accountants crunch numbers, not make decisions. J J J J J
C) Accounting helps support a prosperous society.
J J J J J
D) Accountants focus on debits and credits, not business activities. Answer:C Diff:
J J J J J J J J J J J
J 1
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: Co
J J J J J J J J J J
mprehension AICPA: N/A J J
5) Which of the following is NOT a component of an information system?
J J J J J J J J J J J
A) Hardware
B) Software
C) Input
D) Network Answer: C Diff: 1 J J J J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J
nowledge
AICPA: AC: Systems and Process Management
J J J J J
A+ Page 3
J
, TestJBankJforJAccountingJInformationJSystems,J1stJEditi
onJbyJArlineJA.JSavage
6) Input to an information system consists of
J J J J J J
A) raw and unorganized data.
J J J
B) hardware and software. J J
C) reported information. J
D) processed data. J
Answer: A J
Diff: 1
J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: K
J J J J J J J J J J
nowledge
AICPA: AC: Systems and Process Management
J J J J J
7) Which of the following is a definition of output from an information system?
J J J J J J J J J J J J
A) Output is raw and unorganized data. J J J J J
B) Output is information produced byprocessing data.
J J J J J J
C) Output is database facts and figures.
J J J J J
D) Output is information collected from users. Answer: B
J J J J J J J
Diff: 1
J
LearningObjective:1.1 Explain how accounting affects both the demand for and supplyof information.
J J J J J J J J J J J J J J
Section Reference:Whyis Accounting Information Important? AACSB: Analytic Bloom's: C
J J J J J J J J J J
omprehension
AICPA: AC: Systems and Process Management
J J J J J
8) Which statement concerning data is TRUE?
J J J J J
A) Data is useless to a business until transformed into information.
J J J J J J J J J
B) Data is the output from an information system.
J J J J J J J
C) Data is organized into understandable formats.
J J J J J
D) Data is processed before being input into the information system. Answer: A
J J J J J J J J J J J
A+ Page 4
J
