[TEST BANK] ACCOUNTING
nh nh
INFORMATION SYSTEMS, 15TH
nh nh nh
EDITION BY ROMNEY, ST
nh nh nh nh
EINBART, SUMMERS, WOOD
nh nh nh
, Chapter 1
nh n h Accounting Information Systems: An Overview
nh nh nh nh
1.1 Distinguish nhdata nhfrom nhinformation, nhdiscuss nhthe nhcharacteristics nhof nhuseful
nhinformation, nhand nhexplain nhhow nhto nhdetermine nhthe nhvalue nhof nhinformation.
1) Which nhof nhthe nhfollowing nhstatements nhbelow nhshows nhthe nhcontrast nhbetween
nhdata nhand nhinformation?
A) Data nhis nhthe nhoutput nhof nhan nhAIS.
B) Information nhis nhthe nhprimary nhoutput nhof nhan nhAIS.
C) Data nhis nhmore nhuseful nhin nhdecision nhmaking nhthan nhinformation.
D) Data nhand nhinformation nhare nhthe nhsame.
Answer: n h B
2) Information nhis nhbest nhdescribed nhas
A) raw nhfacts nhabout nhtransactions.
B) data nhthat nhhas nhbeen nhorganized nhand nhprocessed nhso nhthat nhit nhis nhmeaningful nhto nhthe nhuser.
C) facts nhthat nhare nhuseful nhwhen nhprocessed nhin nha nhtimely nhmanner.
D) the nhsame nhthing nhas nhdata.
Answer: n h B
3) The nhvalue nhof nhinformation nhcan nhbest nhbe nhdetermined nhby
A) its nhusefulness nhto nhdecision nhmakers.
B) its nhrelevance nhto nhdecision nhmakers.
C) the nhbenefits nhassociated nhwith nhobtaining nhthe nhinformation nhminus nhthe nhcost nhof nhproducing nhit.
D) the nhextent nhto nhwhich nhit nhoptimizes nhthe nhvalue nhchain.
Answer: n h C
4) An nhaccounting nhinformation nhsystem nh(AIS) nhprocesses nh to nhprovide nhusers nhwith
.
A) data; nhinformation
B) data; nhtransactions
C) information; nhdata
D) data;
benefits
nh
nh Answer: n h A
5) information nhreduces nhuncertainty, nhimproves nhdecision nhmakers' nhability nhto
nhmake nhpredictions, nhor nhconfirms nhexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
nhAnswer:
n h C
6) Information nhthat nhis nhfree nhfrom nherror nhor nhbias nhand nhaccurately nhrepresents nhthe nhevents nhor
nhactivities nhof nhthe nhorganization nhis
A) relevant.
B) reliable nh/ nhFaithful nhRepresentation.
C) verifiable.
D) timely.
Answer: n h B
7) Information nhthat nhdoes nhnot nhomit nhimportant nhaspects nhof nhthe nhunderlying nhevents nhor
nhactivities nhthat nhit nhmeasures nhis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: n h A
8) Information nhis nh when nhtwo nhknowledgeable nhpeople nhindependently nhproduce
nhthe nhsame nhinformation.
A) verifiable
B) relevant
C) reliable
D) complete
nhAnswer:
n h A
9) Data nhmust nhbe nhconverted nhinto nhinformation nhto nhbe nhconsidered nhuseful nhand
nhmeaningful nhfor nhdecision nhmaking. nhThere nhare nhsix nhcharacteristics nhthat nhmake
nhinformation nhboth nhuseful nhand nhmeaningful. nhIf nhinformation nhis nhfree nhfrom nherror nhor nhbias
nhand nhaccurately nhrepresents nhthe nhevents nhor nhactivities nhof nhthe nhorganization, nhit nhis
nhrepresentative nhof nhthe nhcharacteristic nhof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
nh nh
INFORMATION SYSTEMS, 15TH
nh nh nh
EDITION BY ROMNEY, ST
nh nh nh nh
EINBART, SUMMERS, WOOD
nh nh nh
, Chapter 1
nh n h Accounting Information Systems: An Overview
nh nh nh nh
1.1 Distinguish nhdata nhfrom nhinformation, nhdiscuss nhthe nhcharacteristics nhof nhuseful
nhinformation, nhand nhexplain nhhow nhto nhdetermine nhthe nhvalue nhof nhinformation.
1) Which nhof nhthe nhfollowing nhstatements nhbelow nhshows nhthe nhcontrast nhbetween
nhdata nhand nhinformation?
A) Data nhis nhthe nhoutput nhof nhan nhAIS.
B) Information nhis nhthe nhprimary nhoutput nhof nhan nhAIS.
C) Data nhis nhmore nhuseful nhin nhdecision nhmaking nhthan nhinformation.
D) Data nhand nhinformation nhare nhthe nhsame.
Answer: n h B
2) Information nhis nhbest nhdescribed nhas
A) raw nhfacts nhabout nhtransactions.
B) data nhthat nhhas nhbeen nhorganized nhand nhprocessed nhso nhthat nhit nhis nhmeaningful nhto nhthe nhuser.
C) facts nhthat nhare nhuseful nhwhen nhprocessed nhin nha nhtimely nhmanner.
D) the nhsame nhthing nhas nhdata.
Answer: n h B
3) The nhvalue nhof nhinformation nhcan nhbest nhbe nhdetermined nhby
A) its nhusefulness nhto nhdecision nhmakers.
B) its nhrelevance nhto nhdecision nhmakers.
C) the nhbenefits nhassociated nhwith nhobtaining nhthe nhinformation nhminus nhthe nhcost nhof nhproducing nhit.
D) the nhextent nhto nhwhich nhit nhoptimizes nhthe nhvalue nhchain.
Answer: n h C
4) An nhaccounting nhinformation nhsystem nh(AIS) nhprocesses nh to nhprovide nhusers nhwith
.
A) data; nhinformation
B) data; nhtransactions
C) information; nhdata
D) data;
benefits
nh
nh Answer: n h A
5) information nhreduces nhuncertainty, nhimproves nhdecision nhmakers' nhability nhto
nhmake nhpredictions, nhor nhconfirms nhexpectations.
A) Timely
1
,B) Reliable
C) Relevant
D) Complete
nhAnswer:
n h C
6) Information nhthat nhis nhfree nhfrom nherror nhor nhbias nhand nhaccurately nhrepresents nhthe nhevents nhor
nhactivities nhof nhthe nhorganization nhis
A) relevant.
B) reliable nh/ nhFaithful nhRepresentation.
C) verifiable.
D) timely.
Answer: n h B
7) Information nhthat nhdoes nhnot nhomit nhimportant nhaspects nhof nhthe nhunderlying nhevents nhor
nhactivities nhthat nhit nhmeasures nhis
A) complete.
B) accessible.
C) relevant.
D) timely.
Answer: n h A
8) Information nhis nh when nhtwo nhknowledgeable nhpeople nhindependently nhproduce
nhthe nhsame nhinformation.
A) verifiable
B) relevant
C) reliable
D) complete
nhAnswer:
n h A
9) Data nhmust nhbe nhconverted nhinto nhinformation nhto nhbe nhconsidered nhuseful nhand
nhmeaningful nhfor nhdecision nhmaking. nhThere nhare nhsix nhcharacteristics nhthat nhmake
nhinformation nhboth nhuseful nhand nhmeaningful. nhIf nhinformation nhis nhfree nhfrom nherror nhor nhbias
nhand nhaccurately nhrepresents nhthe nhevents nhor nhactivities nhof nhthe nhorganization, nhit nhis
nhrepresentative nhof nhthe nhcharacteristic nhof
A) relevancy.
B) timeliness.
2
, C) understandability.
D) reliability.
3
