Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage
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Course
Accounting Information Systems
Institution
Accounting Information Systems
Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics, 1st Edition 1e by Arline A. Savage, Danielle Brannock, Alicja Foksinska. Full Chapters test bank are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 ...
Test rBank rfor rAccounting rInformation rSystems, r1st
Edition rby rArline rA. rSavage rLatest r2024
r
Chapter r 01: r Accounting r as r Information
1) Accounting r communicates r to r stakeholders
A) minimally r required r public r financial r data.
B) the r financial r outcomes r of r operating, r investing, r and r financing r activities.
C) the r sales r strategy r for r the r operating, r marketing, r and r sales r activities.
D) black r and r white r details r about r the r economics r of r operating
r activities.rAnswer: r B r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important?
r AACSB:rCommunication r Bloom's: r Comprehension r AICPA: r AC:
r Reporting
2) Accounting r communicates r the r financial r outcomes r of r a r business's r activities r for
A) operating.
B) investing.
C) financing.
D) All r of r these r answer r choices r are r correct. r Answer:
D r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important?
r AACSB:rCommunication r Bloom's: r Comprehension r AICPA: r AC:
r Reporting
3) In r what r way r do r management r teams r use r accounting r data?
A) Management r teams r use r accounting r data r to r make r business r decisions.
B) Management r teams r use r accounting r data r to r make r and r execute r plans.
Test Page r
r Bank 1
,Created r By:
r Test
C) Management r teams r use r economic r and r accounting r data r together r to r make
r decisions.
D) All r of r these r answer r choices r are r correct. r Answer: r D
Test Page r
r Bank 2
,Created r By:
r Test
Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension
AICPA: AC: r Risk r Assessment, r Analysis, r and r Management
4) Which r statement r is r TRUE?
A) Accounting r consists r of r rigid r black r and r white r rules.
B) Accountants r crunch r numbers, r not r make r decisions.
C) Accounting r helps r support r a r prosperous r society.
D) Accountants r focus r on r debits r and r credits, r not r business
r activities.rAnswer: r C r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension r AICPA: r N/A
5) Which r of r the r following r is r NOT r a r component r of r an r information r system?
A) Hardware
B) Software
C) Input
D) Network r Answer: r C r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Knowledge
AICPA: AC: r Systems r and r Process r Management
6) Input r to r an r information r system r consists r of
A) raw r and r unorganized r data.
Test Page r
r Bank 3
, Created r By:
r Test
B) hardware r and r software.
C) reported r information.
D) processed
rdata.
Answer: A
rDiff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Knowledge
AICPA: AC: r Systems r and r Process r Management
7) Which r of r the r following r is r a r definition r of r output r from r an r information r system?
A) Output r is r raw r and r unorganized r data.
B) Output r is r information r produced r by r processing r data.
C) Output r is r database r facts r and r figures.
D) Output r is r information r collected r from r users. r Answer: r B
Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension
AICPA: AC: r Systems r and r Process r Management
8) Which r statement r concerning r data r is r TRUE?
A) Data r is r useless r to r a r business r until r transformed r into r information.
B) Data r is r the r output r from r an r information r system.
C) Data r is r organized r into r understandable r formats.
D) Data r is r processed r before r being r input r into r the r information
r system.rAnswer: r A r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Test Page r
r Bank 4
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