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Test Bank Accounting Information Systems, 4th Edition by Vernon Richardson A+
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TEST BANK For Accounting Information Systems 4th Edition by Vernon Richardson, Verified Chapters 1 - 17, [Updated Version 2024]
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Solution Manual for Accounting Information Systems, 4th edition by Vernon J. Richardson, (2024)
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TEST BANK For Accounting Information Systems 4th Edition by Vernon Richardson, 2024 Verified Chapters 1
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Created By: A SolutionTest Bank Accounting Information Systems, 4th Edition by
Vernon Richardson A+
1) Accounting and Finance is a primary activity in the value chain.
⊚ true
⊚ false
2) As of today, Accounting Information Systems are all computerized.
⊚ true
⊚ false
3) Business value includes all those items, events and interactions that determine the
financial health and well-being of the firm.
⊚ true
⊚ false
4) The Certified Information Technology Professional (CITP) is a professional designation
for those with a broad range of technology knowledge and does not require a CPA.
⊚ true
⊚ false
5) The Certified Information Systems Auditor (CISA) is a professional designation
generally sought by those performing IT audits.
⊚ true
⊚ false
A+ Page 1
,Created By: A Solution
6) Information is defined as being data organized in a meaningful way that is useful to the
user.
⊚ true
⊚ false
7) Data is defined as being information organized in a meaningful way that is useful to the
user.
⊚ true
⊚ false
8) An AIS may create value by giving access to management information relevant to the
decision makers.
⊚ true
⊚ false
9) An AIS may create value by providing an internal control structure needed to make sure
the information is secure, reliable, and free from error.
⊚ true
⊚ false
10) Relevant information’s most defining characteristic is that it is free from bias and error.
⊚ true
⊚ false
11) The characteristics of relevant information include predictive value, feedback value and
timeliness.
⊚ true
A+ Page 2
,Created By: A Solution
⊚ false
12) A faithful representation of the underlying event should reflect the bias of the system
analyst.
⊚ true
⊚ false
13) Information overload is defined as the difficulty a person faces in understanding a
problem and making a decision as a consequence of too much information.
⊚ true
⊚ false
14) The main financial benefit of Customer Relationship Management practices reduces the
cost of goods sold.
⊚ true
⊚ false
15) An efficient Enterprise System can significantly lower the cost of support processes
included in sales, general, and administrative expenses.
⊚ true
⊚ false
16) An accounting information system (AIS) is defined as being an information system that
records, processes and reports on transactions to provide financial and nonfinancial information
for decision making and control.
⊚ true
⊚ false
A+ Page 3
, Created By: A Solution
17) An enterprise system is a centralized database that collects data from throughout the firm.
This includes data from orders, customers, sales, inventory and employees.
⊚ true
⊚ false
18) Outbound logistics are the activities associated with receiving and storing raw materials
as well as activities that transform these inputs into finished goods.
⊚ true
⊚ false
19) Service Activities as defined in the value chain are those activities that provide the
support of customers after the products and services are sold to them (e.g. warranty repairs, parts,
instruction manuals, etc.).
⊚ true
⊚ false
20) A well-designed and well-functioning AIS can be expected to create value by providing
relevant information helpful to management to increase revenues and reduce expenses.
⊚ true
⊚ false
21) Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue
Service is an example of discretionary information.
⊚ true
⊚ false
A+ Page 4
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