Test Bank For Accounting Information Systems, 15th Edition by Romney, Steinbart, Summers, Wood all chapters.

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Chapterdf1d f AccountingdfInformationdfSystems:dfAndfOverview

1.1 Distinguishdfdatadffromdfinformation,dfdiscussdfthedfcharacteristicsdfofdfusefuldfinformation,df
anddfexplaindfhowdftodfdeterminedfthedfvaluedfofdfinformation.

1) Whichdfofdfthedffollowingdfstatementsdfbelowdfshowsdfthedfcontrastdfbetweendfdatad
fanddfinformation?

A) DatadfisdfthedfoutputdfofdfandfAIS.
B) InformationdfisdfthedfprimarydfoutputdfofdfandfAIS.
C) Datadfisdfmoredfusefuldfindfdecisiondfmakingdfthandfinformation.
D) Datadfanddfinformationdfaredfthedfsame.

Answer:d f B

2) Informationdfisdfbestdfdescribeddfas
A) rawdffactsdfaboutdftransactions.
B) datadfthatdfhasdfbeendforganizeddfanddfprocesseddfsodfthatdfitdfisdfmeaningfuldftodfthedfuser.
C) factsdfthatdfaredfusefuldfwhendfprocesseddfindfadftimelydfmanner.
D) thedfsamedfthingdfasdfdata.

Answer:d f B

3) Thedfvaluedfofdfinformationdfcandfbestdfbedfdetermineddfby
A) itsdfusefulnessdftodfdecisiondfmakers.
B) itsdfrelevancedftodfdecisiondfmakers.
C) thedfbenefitsdfassociateddfwithdfobtainingdfthedfinformationdfminusdfthedfcostdfofdfproducingdfit.
D) thedfextentdftodfwhichdfitdfoptimizesdfthedfvaluedfchain.

Answer:d f C

4) Andfaccountingdfinformationdfsystemdf(AIS)dfprocessesdf todfprovidedfusersdfwith
.
A) data;dfinformation
B) data;dftransactions
C) information;dfdata
D) data;dfbenefit

sdfAnswer:d f A

5) informationdfreducesdfuncertainty,dfimprovesdfdecisiondfmakers'dfabilitydftodfm
akedfpredictions,dfordfconfirmsdfexpectations.
A) Timely


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B) Reliable
C) Relevant
D) Complete

Answer:d f C
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6) Informationdfthatdfisdffreedffromdferrordfordfbiasdfanddfaccuratelydfrepresentsdfthedfeventsdfordfact
ivitiesdfofdfthedforganizationdfis
A) relevant.
B) reliabledf/dfFaithfuldfRepresentation.
C) verifiable.
D) timely.

Answer:d f B

7) Informationdfthatdfdoesdfnotdfomitdfimportantdfaspectsdfofdfthedfunderlyingdfeventsdfordfacti
vitiesdfthatdfitdfmeasuresdfis
A) complete.
B) accessible.
C) relevant.
D) timely.

Answer:d f A

8) Informationdfisdf
whendftwodfknowledgeabledfpeopledfindependentlydfproducedfthedfsamedfinformation.
A) verifiable
B) relevant
C) reliable
D) complete

Answer:d f
df



A

9) Datadfmustdfbedfconverteddfintodfinformationdftodfbedfconsidereddfusefuldfanddfmeaningfuldff
ordfdecisiondfmaking.dfTheredfaredfsixdfcharacteristicsdfthatdfmakedfinformationdfbothdfusefuldfa
nddfmeaningful.dfIfdfinformationdfisdffreedffromdferrordfordfbiasdfanddfaccuratelydfrepresentsdfthedf
eventsdfordfactivitiesdfofdfthedforganization,dfitdfisdfrepresentativedfofdfthedfcharacteristicdfof
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.




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Answer:d f D

10) Inventorydfinformationdfisdfprovideddfindfrealdftimedfbydfadffirm'sdfaccountingdfinformationdfsys
tem.dfThedfaccuracydfofdfthisdfinformationdfisdfquestionable,dfhowever,dfsincedfthedfproductiondf
managerdfoftendfreportsdfstockdfoutsdfofdfcomponentsdfthatdfthedfsystemdfindicatesdfaredfindfstoc
k.dfWhichdfofdfthedffollowingdfcharacteristicsdfofdfusefuldfinformationdfisdfabsentdfindfthedfsituatio
ndfdescribeddfabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible

Answer:d f B
df



11) CheryldfMetrejeandfhasdfbeendfthedfcontrollerdfofdfDowntowndfTiresdffordf25dfyears.dfOwners
hipdfofdfthedffirmdfrecentlydfchangeddfhandsdfanddfthedfnewdfownersdfaredfconductingdfandfauditdfof
dfthedffinancialdfrecords.dfThedfauditdfhasdfbeendfunabledftodfreproducedffinancialdfreportsdfthatdfw

eredfprepareddfbydfMs.dfMetrejean.dfWhiledftheredfisdfnodfevidencedfofdfwrongdoing,dfthedfauditor
sdfaredfconcerneddfthatdfthedfdiscrepanciesdfmightdfcontributedftodfpoordfdecisions.dfWhichdfofdfth
edffollowingdfcharacteristicsdfofdfusefuldfinformationdfisdfabsentdfindfthedfsituationdfdescribeddfab
ove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible

Answer:d f F
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12) Indf2003,dfSinghdfManufacturingdfimplementeddfadfWeb-
baseddfinformationdfsystemdfthatdfallowsdfalldfemployeesdftodfaccessdfmission-
criticaldfinformation.dfThedfintentiondfwasdftodfincreasedfproductiondfefficiency.dfUnfortunately,dfit
dfhaddfthedfoppositedfeffect,dfasdfdeliveriesdffelldfbehinddfscheduledfanddfcostsdfincreased.dfShaman

dfGupta,dfthedfdirectordfofdfinformationdftechnologydfservices,dfaskeddfAshleedfWellsdftodfcomedfindf

anddftalkdfwithdfhimdfaboutdfthedfsystem.dfAshleedfisdfadflong-
timedfemployeedfofdfSingh,dfanddfherdfopiniondfisdfvalueddfbydfherdfpeersdfanddfbydfherdfsupervisor.
"SodfAshlee,dfhow'sdfitdfgoingdfdowndftheredfindfthedfshop?"
"Notdfsodfgood,dfShaman.dfUseddftodfbedfwedfgotdfadfweeklydfpickdflistdfsodfwedfknewdfhowdftodfplandf
production.dfNow,dfwedfgotdfthatdfcomputerdfsystem.dfMostdfofdfusdfcan'tdffiguredfoutdfhowdftodfusedfitd
ftodfdodfourdfjobs.dfIsdftheredfsomedfwaydftodfprintdfoutdfadfpickdflist?"




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