TEST BANK For Accounting Information Systems 4th Edition by Vernon Richardson, Verified Chapters 1 - 17, Complete Newest Version

1

,Chap 01 4e Richardson
- - -




2

,Answers Included -



1) Accounting and Finance is a primary activity in the value chain.
- - - - - - - - - -


⊚ true -



⊚ false -




2) As of today, Accounting Information Systems are all computerized.
- - - - - - - -


⊚ true -



⊚ false -




3) Business value includes all those items, events and interactions that determine the financial
- - - - - - - - - - - - -


health and well-being of the firm.
- - - - -


⊚ true -


⊚ false -




4) The Certified Information Technology Professional (CITP) is a professional designation for
- - - - - - - - - - -


those with a broad range of technology knowledge and does not require a CPA.
- - - - - - - - - - - - -



⊚ true -


⊚ false -




5) The Certified Information Systems Auditor (CISA) is a professional designation generally
- - - - - - - - - - -


sought by those performing IT audits.
- - - - -


⊚ true -



⊚ false -




6) Information is defined as being data organized in a meaningful way that is useful to the user.
- - - - - - - - - - - - - - - -


⊚ true -


⊚ false -




7) Data is defined as being information organized in a meaningful way that is useful to the user.
- - - - - - - - - - - - - - - -


⊚ true -



⊚ false -




3

, 8) An AIS may create value by giving access to management information relevant to the
- - - - - - - - - - - - - -


decision makers. -


⊚ true -



⊚ false -




9) An AIS may create value by providing an internal control structure needed to make sure the
- - - - - - - - - - - - - - - -


information is secure, reliable, and free from error.
- - - - - - -


⊚ true -


⊚ false -




10) Relevant information’s most defining characteristic is that it is free from bias and error.
- - - - - - - - - - - - -



⊚ true -



⊚ false -




11) The characteristics of relevant information include predictive value, feedback value and
- - - - - - - - - - -


timeliness.
⊚ true -



⊚ false -




12) A faithful representation of the underlying event should reflect the bias of the system analyst.
- - - - - - - - - - - - - -


⊚ true -



⊚ false -




13) Information overload is defined as the difficulty a person faces in understanding a problem and
- - - - - - - - - - - - - - -


making a decision as a consequence of too much information.
- - - - - - - - -


⊚ true -



⊚ false -




14) The main financial benefit of Customer Relationship Management practices reduces the cost of
- - - - - - - - - - - - -


goods sold. -



⊚ true -



⊚ false -




4