Test Bank For Accounting Information Systems 1St Edition By Savage Latest Update 2025

ACCOUNTING INFORMATION SYSTEMS, 1E (SAVAGE)




TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS
1ST EDITION BY SAVAGE LATEST UPDATE 2025




1

,ACCOUNTING INFORMATION SYSTEMS, 1E (SAVAGE)




Accounting Information Systems, 1e (Savage)
Chapter 1 Accounting As Information

1) Accounting Communicates To Stakeholders
A) Minimally Required Public Financial Data.
B) The Financial Outcomes Of Operating, Investing, And Financing Activities.
C) The Sales Strategy For The Operating, Marketing, And Sales Activities.
D) Black And White Details About The Economics Of Operating
Activities. ANSWERS: B
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting

2) Accounting Communicates The Financial Outcomes Of A Business's Activities For
A) Operating.
B) Investing.
C) Financing.
D) All Of These Answer Choices Are
Correct. ANSWERS: D
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting

3) In What Way Do Management Teams Use Accounting Data?
A) Management Teams Use Accounting Data To Make Business Decisions.
B) Management Teams Use Accounting Data To Make And Execute Plans.
C) Management Teams Use Economic And Accounting Data Together To Make Decisions.
D) All Of These Answer Choices Are
Correct. ANSWERS: D
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, And Management




2

,ACCOUNTING INFORMATION SYSTEMS, 1E (SAVAGE)




4) Which Statement Is TRUE?
A) Accounting Consists Of Rigid Black And White Rules.
B) Accountants Crunch Numbers, Not Make Decisions.
C) Accounting Helps Support A Prosperous Society.
D) Accountants Focus On Debits And Credits, Not Business
Activities. ANSWERS: C
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: N/A

5) Which Of The Following Is NOT A Component Of An Information System?
A) Hardware
B) Software
C) Input
D) Network
ANSWERS: C
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems And Process Management

6) Input To An Information System Consists Of
A) Raw And Unorganized Data.
B) Hardware And Software.
C) Reported Information.
D) Processed
Data. ANSWERS:
A
Diff: 1
Learning Objective: 1.1 Explain How Accounting Affects Both The Demand For And Supply Of
Information.
Section Reference: Why Is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems And Process Management

7) Which Of The Following Is A Definition Of Output From An Information System?
A) Output Is Raw And Unorganized Data.
B) Output Is Information Produced By Processing Data.
C) Output Is Database Facts And Figures.
3

, ACCOUNTING INFORMATION SYSTEMS, 1E (SAVAGE)




D) Output Is Information Collected From
Users. ANSWERS: B




4