Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage|Newest edition 2025 A+

Test Bank for :
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Accounting Information ampm




Systems, 1st Edition by
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Arline A. Savage
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Complete test bank
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1

,TESTBANK
AccountingInformationSystem1st Edition oa oa oa




Chapter01: Accounting as Information ampm mpm
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1) Accountingcommunicates tostakeholders m
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A) minimallyrequired public financial data. ampm m
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B) thefinancialoutcomesofoperating,investing, andfinancingactivities. ampm oa




C) thesalesstrategyfortheoperating,marketing,
oa andsalesactivities. oa a m p m




D) blackandwhitedetailsabouttheeconomicsofoperating
oa oa




activities.Answer: B
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Diff:1
LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
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p oa oa oa




ofinformation.
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SectionReference:Whyis Accounting Information Important?AACSB: oa oa ampm




Communication
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Bloom's:
ComprehensionAICPA: rl



AC:Reporting

2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
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A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesare
oa oa




correct.Answer: D
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Diff:1
LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
a
p oa oa




ofinformation.
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SectionReference:Whyis Accounting Information Important?AACSB: oa oa ampm




Communication
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Bloom's:
ComprehensionAICPA: rl



AC:Reporting

3) In what waydo management teamsuseaccountingdata?
m
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A) Managementteamsuse accountingdatatomakebusinessdecisions. oa oa




B) Managementteamsuseaccountingdatatomakeandexecuteplans.
oa a
o




C) Managementteamsuseeconomicand accountingdatatogethertomake decisions.
oa oa oa




D) Alloftheseanswerchoicesare
oa oa




correct.Answer: D
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Diff:1
LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
a
p oa oa oa




ofinformation.
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SectionReference: WhyisAccountingInformation Important?AACSB: m
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Analytic
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2

,Bloom's: Comprehension
AICPA: AC:RiskAssessment,Analysis,andManagement




3

, 4) Whichstatementis TRUE?
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A) Accountingconsists ofrigidblack and white rules. oa oa oa oa a m p m




B) Accountants crunchnumbers,notmakedecisions. oa oa




C) Accountinghelpssupport aprosperous society. a
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D) Accountantsfocusondebitsand credits,notbusiness oa oa




activities.Answer: C
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Diff:1
LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
a
p oa oa oa




ofinformation.
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SectionReference:WhyisAccounting Information Important?AACSB: oa ampm




Analytic
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Bloom's:
ComprehensionAICPA: rl



N/A

5) WhichofthefollowingisNOTacomponent of aninformation system?
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A) Hardware
B) Software
C) Input
D) Network
Answer:
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C Diff: 1
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LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
a
p oa oa oa




ofinformation.
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SectionReference:WhyisAccounting Information Important?AACSB: oa ampm




Analytic
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Bloom's: Knowledge
AICPA: AC:Systemsand Process Management oa oa




6) Inputto an informationsystemconsists of
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A) rawand unorganized data. oa oa




B) hardwareand software. oa




C) reported information. ampm




D) processeddata.
Answer: A
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Diff: 1
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LearningObjective:1.1Explainhowaccountingaffects boththedemand forandsupply m
a
p oa oa oa




ofinformation.
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SectionReference:Whyis Accounting Information Important?AACSB: oa oa ampm




Analytic
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Bloom's: Knowledge
AICPA: AC:SystemsandProcessManagement

7) Whichofthefollowingis a definitionofoutputfrom aninformationsystem? a
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A) Outputis raw and unorganizeddata. oa ampm oa




B) Outputisinformation produced byprocessingdata. oa




C) Output isdatabasefactsandfigures.
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D) Outputis information collectedfrom oa ampm




4