Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska), ISBN: 9781119744474, All 19 Chapters

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Accounting Information Systems, 1e ioil ioil ioil
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(Savage)Chapter 1
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Information
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1) Accounting communicates to stakeholders ioil ioil ioil



A) minimally required public financial data. ioil ioil ioil ioil



B) the financial outcomes of operating, investing, and financing activities.
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C) the sales strategy for the operating, marketing, and sales activities.
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D) black and white details about the economics of operating
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activities.Answer: B
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Diff: 1 ioil



Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Communication
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Bloom's:
ComprehensionAICPA:
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AC: Reporting
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2) Accounting communicates the financial outcomes of a business's activities for ioil ioil ioil ioil ioil ioil ioil ioil ioil



A) operating.
B) investing.
C) financing.
D) All of these answer choices are
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correct.Answer: D
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Diff: 1 ioil



Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Communication
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Bloom's:
ComprehensionAICPA:
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AC: Reporting
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3) In what way do management teams use accounting data?
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A) Management teams use accounting data to make business decisions. ioil ioil ioil ioil ioil ioil ioil ioil



B) Management teams use accounting data to make and execute plans. ioil ioil ioil ioil ioil ioil ioil ioil ioil



C) Management teams use economic and accounting data together to make decisions. ioil ioil ioil ioil ioil ioil ioil ioil ioil ioil



D) All of these answer choices are
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correct.Answer: D
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Diff: 1 ioil



Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Analytic
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3

, Bloom's: i o i l Comprehension
AICPA: i o i l AC: Risk Assessment, Analysis, and Management
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