Test Bank forAccounting Information Systems, 1st Editi
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on by Arline A. Savage Latest 2024
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Chapterj01:jAccountingjasjInformation
1) Accountingjcommunicatesjtojstakeholders
A) minimallyjrequiredjpublicjfinancialjdata.
B) thejfinancialjoutcomesjofjoperating,jinvesting,jandjfinancingjactivities.
C) thejsalesjstrategyjforjthejoperating,jmarketing,jandjsalesjactivities.
D) blackjandjwhitejdetailsjaboutjthejeconomicsjofjoperatingjactivities.jAnswer:jBjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jCommunicationjBl
oom's:jComprehensionjAICPA:jAC:jReporting
2) Accountingjcommunicatesjthejfinancialjoutcomesjofjajbusiness'sjactivitiesjfor
A) operating.
B) investing.
C) financing.
D) Alljofjthesejanswerjchoicesjarejcorrect.jAnswer:jDjD
iff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jCommunicationjBl
oom's:jComprehensionjAICPA:jAC:jReporting
3) Injwhatjwayjdojmanagementjteamsjusejaccountingjdata?
A) Managementjteamsjusejaccountingjdatajtojmakejbusinessjdecisions.
B) Managementjteamsjusejaccountingjdatajtojmakejandjexecutejplans.
C) Managementjteamsjusejeconomicjandjaccountingjdatajtogetherjtojmakejdecisions.
D) Alljofjthesejanswerjchoicesjarejcorrect.jAnswer:jD
4) WhichjstatementjisjTRUE?
A) Accountingjconsistsjofjrigidjblackjandjwhitejrules.
B) Accountantsjcrunchjnumbers,jnotjmakejdecisions.
C) Accountingjhelpsjsupportjajprosperousjsociety.
D) Accountantsjfocusjonjdebitsjandjcredits,jnotjbusinessjactivities.jAnswer:jCjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
ComprehensionjAICPA:jN/A
5) WhichjofjthejfollowingjisjNOTjajcomponentjofjanjinformationjsystem?
A) Hardware
B) Software
C) Input
D) NetworkjAnswer:jCjDiff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformatio
n.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Knowledge
AICPA:j AC:jSystemsjandjProcessjManagement
6) Inputjtojanjinformationjsystemjconsistsjof
A) rawjandjunorganizedjdata.
Testj Bank Pagej 2
,CreatedjBy:jTestjBanks
B) hardwarejandjsoftware.
C) reportedjinformation.
D) processedjdata.j
Answer:j A
Diff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Knowledge
AICPA:j AC:jSystemsjandjProcessjManagement
7) Whichjofjthejfollowingjisjajdefinitionjofjoutputjfromjanjinformationjsystem?
A) Outputjisjrawjandjunorganizedjdata.
B) Outputjisjinformationjproducedjbyjprocessingjdata.
C) Outputjisjdatabasejfactsjandjfigures.
D) Outputjisjinformationjcollectedjfromjusers.jAnswer:jB
8) WhichjstatementjconcerningjdatajisjTRUE?
A) Datajisjuselessjtojajbusinessjuntiljtransformedjintojinformation.
B) Datajisjthejoutputjfromjanjinformationjsystem.
C) Datajisjorganizedjintojunderstandablejformats.
D) Datajisjprocessedjbeforejbeingjinputjintojthejinformationjsystem.jAnswer:jAjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
9) WhichjofjthejfollowingjactivitiesjwouldjNOTjresultjinjajtransactionjinjanjaccountingjinf
ormationjsystem?
A) Selljgoodsjtojajcustomerjonjaccount
B) Purchasejsuppliesjonjcredit
C) Prepayjforjsixjmonthsjofjinsurance
D) ReceivejajcustomerjorderjAnswer:jDj
Diff:j2
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Application
AICPA:j AC:jSystemsjandjProcessjManagement
10) Whichjofjthejfollowingjactivitiesjresultsjinjajtransactionjanjaccountingjinformationjsys
tem?
A) Selljgoodsjtojajcustomer
B) Submitjanjorderjtojajvendor
C) Createjestimatesjforjajcustomer
D) ReceivejajcustomerjorderjAnswer:jAj
Diff:j2
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Application
AICPA:j AC:jSystemsjandjProcessjManagement
11) Ajbusinessjmodeljis
Testj Bank Pagej 4
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