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Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska), ISBN: 9781119744474, All 19 Chapters Covered$17.99
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Accounting Information Systems, 1st Edition Savage
Accounting Information Systems, 1st Edition Savage
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Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska), ISBN: 9781119744474, All 19 Chapters Covered
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Accounting Information Systems, 1st Edition Savage
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Accounting Information Systems, 1st Edition Savage
Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska), ISBN: 9781119744474, All 19 Chapters CoveredTest Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/F...
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Accounting Information Systems, 1e il il il
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(Savage)Chapter 1 Accounting as
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Information
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1) Accounting communicates to stakeholders il il il
A) minimally required public financial data. il il il il
B) the financial outcomes of operating, investing, and financing activities.
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C) the sales strategy for the operating, marketing, and sales activities.
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D) black and white details about the economics of operating
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activities.Answer: B
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Communication
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Bloom's:
ComprehensionAICPA:
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AC: Reporting
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2) Accounting communicates the financial outcomes of a business's activities for
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A) operating.
B) investing.
C) financing.
D) All of these answer choices are
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correct.Answer: D
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Diff: 1 il
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Communication
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Bloom's:
ComprehensionAICPA:
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AC: Reporting
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3) In what way do management teams use accounting data?
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A) Management teams use accounting data to make business decisions. il il il il il il il il
B) Management teams use accounting data to make and execute plans. il il il il il il il il il
C) Management teams use economic and accounting data together to make decisions. il il il il il il il il il il
D) All of these answer choices are
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correct.Answer: D
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Learning Objective: 1.1 Explain how accounting affects both the demand for and supply
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ofinformation.
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Section Reference: Why is Accounting Information
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Important?AACSB: Analytic
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, Bloom's: Comprehension
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AICPA: AC: Risk Assessment, Analysis, and Management
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