Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

TEST BANK FOR
Accounting Information Systems: Connecting Careers,
Systems, and Analytics
by Arline A. Savage


1st Edition




1

,Testbank


Chapter01: Accounting As Information

1) Accounting Communicates To Stakeholders
A) Minimallyrequired Public Financial Data.
B) Thefinancial Outcomes Of Operating,Investing, Andfinancingactivities.
o




C) Thesalesstrategyfortheoperating,Marketing,
oa Andsalesactivities.
D) Blackandwhitedetailsabouttheeconomicsofoper
oa




ating Activities.Answer: B
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
o




Ofinformation.
rl



Sectionreference:Whyisaccountinginformation Important?Aacsb:
Communication Bloom's:
Comprehensionaicpa: rl



Ac:Reporting

2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
ao




A) Operating.
B) Investing.
C) Financing.
D) Alloftheseanswerchoicesa
ao




re Correct.Answer: D
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
Ofinformation.
rl



Sectionreference:Whyisaccountinginformation Important?Aacsb:
Communication Bloom's:
Comprehensionaicpa: rl



Ac:Reporting

3) In What Waydo Management Teamsuseaccountingdata?
A) Managementteams Useaccountingdatatomakebusinessdecisions.
B) Managementteamsuseaccountingdatatomakeandexecuteplans.
oa




C) Managementteams Useeconomicandaccountingdatatogethertomakedecisions.
D) Alloftheseanswerchoicesa
ao




re Correct.Answer: D
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
o




Ofinformation.
rl



Sectionreference: Whyisaccountinginformation
Important?Aacsb: Analytic
Bloom's: Comprehension
Aicpa: Ac:Riskassessment,Analysis,Andmanagement




2

,4) Whichstatementis true? o




A) Accountingconsistsofrigidblack andwhite Rules. o




B) Accountantscrunchnumbers,Notmakedecisions. o




C) Accountinghelps support Aprosperous Society.
oa




D) Accountantsfocusondebitsandcredits,Notbus
oa o




iness Activities.Answer: C
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
o




Ofinformation.
rl



Sectionreference:Whyisaccountinginformation Important?Aacsb:
Analytic Bloom's:
Comprehensionaicpa: rl



N/A

5) Whichofthe followingi s Notacomponentof Aninformationsystem?
oa




A) Hardware
B) Software
C) Input
D) Networ
k Answer:
C Diff: 1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
o




Ofinformation.
rl



Sectionreference:Whyisaccountinginformation Important?Aacsb:
Analytic Bloom's: Knowledge
Aicpa: Ac:Systemsand processmanagemento




6) Inputto aninformationsystemconsistsof
o




A) Rawandunorganizeddata.
B) Hardwareandsoftware.
C) Reported Information.
D) Processedda
ta. Answer:
A Diff: 1
Learningobjective: 1.1explainhowaccountingaffectsboththedemandforand Supply
o




Ofinformation.
rl



Sectionreference:Whyisaccountinginformation
Important?Aacsb: Analytic
Bloom's: Knowledge
Aicpa: Ac:Systemsandprocessmanagement

7) Whichofthefollowingi s adefinitionofoutputfrom Aninformationsystem?
oa




A) Outputisraw Andunorganizeddata.
B) Outputisinformationproduced Byprocessingdata. o




C) Output isdatabasefacts Andfigures.
o




D) Outputis information Collectedfrom
o




3

, Users.Answer: B




4