Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
TEST BANK FOR ACCOUNTING INFORMATION SYSTEM
n n n n n
n 1ST EDITION BY ARLINE SAVAGE A+
n n n n n
Chapter n01: nAccounting nas nInformation
1) Accounting ncommunicates nto nstakeholders
A) minimally nrequired npublic nfinancial ndata.
B) the nfinancial noutcomes nof noperating, ninvesting, nand nfinancing nactivities.
C) the nsales nstrategy nfor nthe noperating, nmarketing, nand nsales nactivities.
D) black nand nwhite ndetails nabout nthe neconomics nof noperating nactivities.
Answer: nB nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nCommunication
n Bloom's: nComprehension nAICPA: nAC: nReporting
2) Accounting ncommunicates nthe nfinancial noutcomes n of na nbusiness's nactivities nfor
A) operating.
B) investing.
C) financing.
D) All nof nthese nanswer nchoices nare ncorrect. nAnswer:
D nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nCommunication
n Bloom's: nComprehension nAICPA: nAC: nReporting
3) In nwhat nway ndo nmanagement nteams nuse naccounting ndata?
A) Management nteams nuse naccounting ndata nto nmake nbusiness ndecisions.
B) Management nteams nuse naccounting ndata nto nmake nand nexecute nplans.
C) Management nteams nuse neconomic nand naccounting ndata ntogether nto nmake ndecisions.
A+ Page n1
,Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
D) All nof nthese nanswer nchoices nare ncorrect. nAnswer:
D nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nRisk nAssessment, nAnalysis, nand nManagement
4) Which nstatement nis nTRUE?
A) Accounting nconsists nof nrigid nblack nand nwhite nrules.
B) Accountants ncrunch nnumbers, nnot nmake ndecisions.
C) Accounting nhelps nsupport na nprosperous nsociety.
D) Accountants nfocus non ndebits nand ncredits, nnot nbusiness nactivities.
Answer: nC nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: nComprehension nAICPA: nN/A
5) Which nof nthe nfollowing nis nNOT na ncomponent nof nan ninformation nsystem?
A) Hardware
B) Software
C) Input
D) Network nAnswer: nC nDiff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Knowledge
AICPA: n AC: nSystems nand nProcess nManagement
A+ Page n2
,Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
6) Input nto nan ninformation nsystem nconsists nof
A) raw nand nunorganized ndata.
B) hardware nand nsoftware.
C) reported ninformation.
D) processed
ndata.
Answer: n A
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Knowledge
AICPA: n AC: nSystems nand nProcess nManagement
7) Which nof nthe nfollowing nis na ndefinition nof noutput nfrom nan ninformation nsystem?
A) Output nis nraw nand nunorganized ndata.
B) Output nis ninformation nproduced nby nprocessing ndata.
C) Output nis ndatabase nfacts nand nfigures.
D) Output nis ninformation ncollected nfrom nusers. nAnswer: nB
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nSystems nand nProcess nManagement
8) Which nstatement nconcerning ndata nis nTRUE?
A) Data nis nuseless nto na nbusiness nuntil ntransformed ninto ninformation.
B) Data nis nthe noutput nfrom nan ninformation nsystem.
C) Data nis norganized ninto nunderstandable nformats.
D) Data nis nprocessed nbefore nbeing ninput ninto nthe ninformation nsystem. nAnswer: nA
A+ Page n3
, Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nSystems nand nProcess nManagement
9) Which nof nthe nfollowing nactivities nwould nNOT nresult nin na ntransaction nin nan
n accounting ninformation nsystem?
A) Sell ngoods nto na ncustomer non naccount
B) Purchase nsupplies non ncredit
C) Prepay nfor nsix nmonths nof ninsurance
D) Receive na ncustomer norder nAnswer:
D nDiff: n2
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Application
AICPA: n AC: nSystems nand nProcess nManagement
10) Which nof nthe nfollowing nactivities nresults nin na ntransaction nan naccounting
information nsystem?
n
A) Sell ngoods nto na ncustomer
B) Submit nan norder nto na nvendor
C) Create nestimates nfor na ncustomer
D) Receive na ncustomer norder nAnswer:
A nDiff: n2
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
A+ Page n4
n n n n n n
Edition by Arline A. Savage
n n n n n
TEST BANK FOR ACCOUNTING INFORMATION SYSTEM
n n n n n
n 1ST EDITION BY ARLINE SAVAGE A+
n n n n n
Chapter n01: nAccounting nas nInformation
1) Accounting ncommunicates nto nstakeholders
A) minimally nrequired npublic nfinancial ndata.
B) the nfinancial noutcomes nof noperating, ninvesting, nand nfinancing nactivities.
C) the nsales nstrategy nfor nthe noperating, nmarketing, nand nsales nactivities.
D) black nand nwhite ndetails nabout nthe neconomics nof noperating nactivities.
Answer: nB nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nCommunication
n Bloom's: nComprehension nAICPA: nAC: nReporting
2) Accounting ncommunicates nthe nfinancial noutcomes n of na nbusiness's nactivities nfor
A) operating.
B) investing.
C) financing.
D) All nof nthese nanswer nchoices nare ncorrect. nAnswer:
D nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nCommunication
n Bloom's: nComprehension nAICPA: nAC: nReporting
3) In nwhat nway ndo nmanagement nteams nuse naccounting ndata?
A) Management nteams nuse naccounting ndata nto nmake nbusiness ndecisions.
B) Management nteams nuse naccounting ndata nto nmake nand nexecute nplans.
C) Management nteams nuse neconomic nand naccounting ndata ntogether nto nmake ndecisions.
A+ Page n1
,Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
D) All nof nthese nanswer nchoices nare ncorrect. nAnswer:
D nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nRisk nAssessment, nAnalysis, nand nManagement
4) Which nstatement nis nTRUE?
A) Accounting nconsists nof nrigid nblack nand nwhite nrules.
B) Accountants ncrunch nnumbers, nnot nmake ndecisions.
C) Accounting nhelps nsupport na nprosperous nsociety.
D) Accountants nfocus non ndebits nand ncredits, nnot nbusiness nactivities.
Answer: nC nDiff: n1
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: nComprehension nAICPA: nN/A
5) Which nof nthe nfollowing nis nNOT na ncomponent nof nan ninformation nsystem?
A) Hardware
B) Software
C) Input
D) Network nAnswer: nC nDiff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Knowledge
AICPA: n AC: nSystems nand nProcess nManagement
A+ Page n2
,Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
6) Input nto nan ninformation nsystem nconsists nof
A) raw nand nunorganized ndata.
B) hardware nand nsoftware.
C) reported ninformation.
D) processed
ndata.
Answer: n A
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Knowledge
AICPA: n AC: nSystems nand nProcess nManagement
7) Which nof nthe nfollowing nis na ndefinition nof noutput nfrom nan ninformation nsystem?
A) Output nis nraw nand nunorganized ndata.
B) Output nis ninformation nproduced nby nprocessing ndata.
C) Output nis ndatabase nfacts nand nfigures.
D) Output nis ninformation ncollected nfrom nusers. nAnswer: nB
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nSystems nand nProcess nManagement
8) Which nstatement nconcerning ndata nis nTRUE?
A) Data nis nuseless nto na nbusiness nuntil ntransformed ninto ninformation.
B) Data nis nthe noutput nfrom nan ninformation nsystem.
C) Data nis norganized ninto nunderstandable nformats.
D) Data nis nprocessed nbefore nbeing ninput ninto nthe ninformation nsystem. nAnswer: nA
A+ Page n3
, Test Bank for Accounting Information Systems, 1st
n n n n n n
Edition by Arline A. Savage
n n n n n
Diff: n1
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Comprehension
AICPA: n AC: nSystems nand nProcess nManagement
9) Which nof nthe nfollowing nactivities nwould nNOT nresult nin na ntransaction nin nan
n accounting ninformation nsystem?
A) Sell ngoods nto na ncustomer non naccount
B) Purchase nsupplies non ncredit
C) Prepay nfor nsix nmonths nof ninsurance
D) Receive na ncustomer norder nAnswer:
D nDiff: n2
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
n Bloom's: n Application
AICPA: n AC: nSystems nand nProcess nManagement
10) Which nof nthe nfollowing nactivities nresults nin na ntransaction nan naccounting
information nsystem?
n
A) Sell ngoods nto na ncustomer
B) Submit nan norder nto na nvendor
C) Create nestimates nfor na ncustomer
D) Receive na ncustomer norder nAnswer:
A nDiff: n2
n
Learning nObjective: n1.1 nExplain nhow naccounting naffects nboth nthe ndemand nfor nand nsupply nof
n information.
Section nReference: nWhy nis nAccounting nInformation nImportant? nAACSB: nAnalytic
A+ Page n4
