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

CreatedjrBy:jrTestjrBanks


Test Bank for Accounting Information Systems, 1st
n




Edition by Arline A. Savage Latest 2024

Chapterjr01:jrAccountingjrasjr Information
1) Accountingjrcommunicatesjrtojrstakeholders
A) minimallyjrrequiredjrpublicjrfinancialjrdata.
B) thejrfinancialjroutcomesjrofjroperating,jrinvesting,jrandjrfinancingjractivities.
C) thejrsalesjrstrategyjrforjrthejroperating,jrmarketing,jrandjrsalesjractivities.
D) blackjrandjrwhitejrdetailsjraboutjrthejreconomicsjrofjroperatingjractivities.jrAnswer:jr
BjrDiff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrCommunicatio
njrBloom's:jrComprehensionjrAICPA:jrAC:jrReporting


2) Accountingjrcommunicatesjrthejrfinancialjroutcomesjrofjrajrbusiness'sjractivitiesjrfor
A) operating.
B) investing.
C) financing.
D) Alljrofjrthesejranswerjrchoicesjrarejrcorrect.jrAnswer:jr
DjrDiff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrCommunication
jr Bloom's:jrComprehensionjrAICPA:jrAC:jrReporting


3) Injrwhatjrwayjrdojrmanagementjrteamsjrusejraccountingjrdata?
A) Managementjrteamsjrusejraccountingjrdatajrtojrmakejrbusinessjrdecisions.
B) Managementjrteamsjrusejraccountingjrdatajrtojrmakejrandjrexecutejrplans.
C) Managementjrteamsjrusejreconomicjrandjraccountingjrdatajrtogetherjrtojrmakejrdecisions.

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D) Alljrofjrthesejranswerjrchoicesjrarejrcorrect.jrAnswer:jrD




Testjr Bank Pagejr 2

,CreatedjrBy:jrTestjrBanks

Diff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrAnalyticjrBloom
's:j r Comprehension
AICPA:j r AC:jrRiskjrAssessment,jrAnalysis,jrandjrManagement


4) WhichjrstatementjrisjrTRUE?
A) Accountingjrconsistsjrofjrrigidjrblackjrandjrwhitejrrules.
B) Accountantsjrcrunchjrnumbers,jrnotjrmakejrdecisions.
C) Accountingjrhelpsjrsupportjrajrprosperousjrsociety.
D) Accountantsjrfocusjronjrdebitsjrandjrcredits,jrnotjrbusinessjractivities.jrAnswer:jr
CjrDiff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrAnalyticjrBloom
's:jrComprehensionjrAICPA:jrN/A


5) WhichjrofjrthejrfollowingjrisjrNOTjrajrcomponentjrofjranjrinformationjrsystem?
A) Hardware
B) Software
C) Input
D) NetworkjrAnswer:jrCjrDiff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinforma
tion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrAnalyticjrBloom
's:j r Knowledge
AICPA:j r AC:jrSystemsjrandjrProcessjrManagement


6) Inputjrtojranjrinformationjrsystemjrconsistsjrof
A) rawjrandjrunorganizedjrdata.


Testjr Bank Pagejr 3

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B) hardwarejrandjrsoftware.
C) reportedjrinformation.
D) processedjrdata.
Answer:j r A
jr


Diff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrAnalyticjrBloom
's:j r Knowledge
AICPA:j r AC:jrSystemsjrandjrProcessjrManagement
7) Whichjrofjrthejrfollowingjrisjrajrdefinitionjrofjroutputjrfromjranjrinformationjrsystem?
A) Outputjrisjrrawjrandjrunorganizedjrdata.
B) Outputjrisjrinformationjrproducedjrbyjrprocessingjrdata.
C) Outputjrisjrdatabasejrfactsjrandjrfigures.
D) Outputjrisjrinformationjrcollectedjrfromjrusers.jrAnswer:jrB


Diff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.
SectionjrReference:jrWhyjrisjrAccountingjrInformationjrImportant?jrAACSB:jrAnalyticjrBloom
's:j r Comprehension
AICPA:j r AC:jrSystemsjrandjrProcessjrManagement


8) WhichjrstatementjrconcerningjrdatajrisjrTRUE?
A) Datajrisjruselessjrtojrajrbusinessjruntiljrtransformedjrintojrinformation.
B) Datajrisjrthejroutputjrfromjranjrinformationjrsystem.
C) Datajrisjrorganizedjrintojrunderstandablejrformats.
D) Datajrisjrprocessedjrbeforejrbeingjrinputjrintojrthejrinformationjrsystem.jrAnswer:jr
AjrDiff:jr1
LearningjrObjective:jr1.1jrExplainjrhowjraccountingjraffectsjrbothjrthejrdemandjrforjrandjrsupplyjrofjrinformat
ion.


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