TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
TESTBANKFORACCOUNTINGINFORMATIONSYSTEM 1ST
x x x x x x
x EDITION BY ARLINE SAVAGE x x x x v v
v A+ Chapter01:AccountingasInformation v
1) Accountingcommunicatestostakeholders
A) minimallyrequiredpublicfinancialdata.
B) thefinancialoutcomesofoperating,investing,andfinancingactivities.
C) thesalesstrategyfortheoperating,marketing,andsalesactivities.
D) blackandwhitedetailsabouttheeconomicsofoperatingactivities.Answer:BDiff:
x x
v 1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:CommunicationBloom's:
x x
v ComprehensionAICPA:AC:Reporting
2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesarecorrect.Answer:D x x
v Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:CommunicationBloom's: x
v Comprehension AICPA:AC:Reporting
x
3) Inwhatwaydomanagementteamsuseaccountingdata? x
A) Management teamsuseaccountingdatatomakebusinessdecisions.
x x x
B) Managementteamsuseaccountingdatatomakeandexecuteplans.
x x x
C) Managementteamsuseeconomicandaccountingdatatogethertomakedecisions.
x
A+ Page1
v
,TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
D) Alloftheseanswerchoicesarecorrect.Answer:D x
v Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Comprehension
AICPA: AC:Risk Assessment,Analysis,andManagement
v x x
4) WhichstatementisTRUE? x
A) Accountingconsistsofrigidblackandwhiterules.
B) Accountantscrunchnumbers,not makedecisions. x
C) Accountinghelpssupportaprosperoussociety.
D) Accountantsfocusondebitsandcredits,notbusinessactivities.Answer:CDiff:
x x x x
v 1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Comprehension AICPA:N/A
x
5) WhichofthefollowingisNOTacomponentofaninformationsystem?
A) Hardware
B) Software
C) Input
D) NetworkAnswer:CDiff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Knowledge
AICPA: AC:SystemsandProcessManagement
v x
A+ Page2
v
,TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
6) Inputtoaninformationsystemconsistsof
A) rawandunorganized data. x x
B) hardwareandsoftware.
C) reportedinformation.
D) processeddata.
Answer: A
v v
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x x
v Knowledge
AICPA: AC:SystemsandProcessManagement
v x
7) Whichofthefollowingisadefinitionofoutputfromaninformationsystem?
x
A) Outputisrawandunorganizeddata.
x
B) Output isinformationproducedbyprocessingdata.
x x
C) Outputisdatabasefactsandfigures.
x
D) Outputisinformationcollectedfromusers.Answer:B
x
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's: x
v Comprehension
AICPA: AC:SystemsandProcessManagement
v x
8) Whichstatement concerningdataisTRUE? x x
A) Dataisuselesstoabusinessuntiltransformed intoinformation.
x x
B) Dataistheoutputfromaninformationsystem.
x
C) Dataisorganizedintounderstandableformats.
x
D) Dataisprocessedbeforebeinginputintotheinformationsystem.Answer:A
x
A+ Page3
v
, TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x x
v Comprehension
AICPA: AC:SystemsandProcessManagement
v
9) WhichofthefollowingactivitieswouldNOTresultinatransactioninanaccounting
x x x
v informationsystem?
A) Sellgoodstoacustomeronaccount
x
B) Purchasesuppliesoncredit
C) Prepayforsixmonthsofinsurance
D) ReceiveacustomerorderAnswer:D
v Diff:2
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Application
AICPA: AC:SystemsandProcessManagement
v x
10) Whichofthefollowingactivitiesresultsinatransactionanaccountinginformation
x x x
v system?
A) Sellgoodstoacustomer
B) Submitanordertoavendor x
C) Createestimatesforacustomer
D) ReceiveacustomerorderAnswer:A
v Diff:2
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic
A+ Page4
v
v v v v v v
Edition by Arline A. Savage
v v v v v
TESTBANKFORACCOUNTINGINFORMATIONSYSTEM 1ST
x x x x x x
x EDITION BY ARLINE SAVAGE x x x x v v
v A+ Chapter01:AccountingasInformation v
1) Accountingcommunicatestostakeholders
A) minimallyrequiredpublicfinancialdata.
B) thefinancialoutcomesofoperating,investing,andfinancingactivities.
C) thesalesstrategyfortheoperating,marketing,andsalesactivities.
D) blackandwhitedetailsabouttheeconomicsofoperatingactivities.Answer:BDiff:
x x
v 1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:CommunicationBloom's:
x x
v ComprehensionAICPA:AC:Reporting
2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesarecorrect.Answer:D x x
v Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:CommunicationBloom's: x
v Comprehension AICPA:AC:Reporting
x
3) Inwhatwaydomanagementteamsuseaccountingdata? x
A) Management teamsuseaccountingdatatomakebusinessdecisions.
x x x
B) Managementteamsuseaccountingdatatomakeandexecuteplans.
x x x
C) Managementteamsuseeconomicandaccountingdatatogethertomakedecisions.
x
A+ Page1
v
,TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
D) Alloftheseanswerchoicesarecorrect.Answer:D x
v Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Comprehension
AICPA: AC:Risk Assessment,Analysis,andManagement
v x x
4) WhichstatementisTRUE? x
A) Accountingconsistsofrigidblackandwhiterules.
B) Accountantscrunchnumbers,not makedecisions. x
C) Accountinghelpssupportaprosperoussociety.
D) Accountantsfocusondebitsandcredits,notbusinessactivities.Answer:CDiff:
x x x x
v 1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Comprehension AICPA:N/A
x
5) WhichofthefollowingisNOTacomponentofaninformationsystem?
A) Hardware
B) Software
C) Input
D) NetworkAnswer:CDiff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Knowledge
AICPA: AC:SystemsandProcessManagement
v x
A+ Page2
v
,TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
6) Inputtoaninformationsystemconsistsof
A) rawandunorganized data. x x
B) hardwareandsoftware.
C) reportedinformation.
D) processeddata.
Answer: A
v v
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x x
v Knowledge
AICPA: AC:SystemsandProcessManagement
v x
7) Whichofthefollowingisadefinitionofoutputfromaninformationsystem?
x
A) Outputisrawandunorganizeddata.
x
B) Output isinformationproducedbyprocessingdata.
x x
C) Outputisdatabasefactsandfigures.
x
D) Outputisinformationcollectedfromusers.Answer:B
x
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's: x
v Comprehension
AICPA: AC:SystemsandProcessManagement
v x
8) Whichstatement concerningdataisTRUE? x x
A) Dataisuselesstoabusinessuntiltransformed intoinformation.
x x
B) Dataistheoutputfromaninformationsystem.
x
C) Dataisorganizedintounderstandableformats.
x
D) Dataisprocessedbeforebeinginputintotheinformationsystem.Answer:A
x
A+ Page3
v
, TestBankforAccountingInformationSystems,1st
v v v v v v
Edition by Arline A. Savage
v v v v v
Diff:1
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation.
v x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x x
v Comprehension
AICPA: AC:SystemsandProcessManagement
v
9) WhichofthefollowingactivitieswouldNOTresultinatransactioninanaccounting
x x x
v informationsystem?
A) Sellgoodstoacustomeronaccount
x
B) Purchasesuppliesoncredit
C) Prepayforsixmonthsofinsurance
D) ReceiveacustomerorderAnswer:D
v Diff:2
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:AnalyticBloom's:
x
v Application
AICPA: AC:SystemsandProcessManagement
v x
10) Whichofthefollowingactivitiesresultsinatransactionanaccountinginformation
x x x
v system?
A) Sellgoodstoacustomer
B) Submitanordertoavendor x
C) Createestimatesforacustomer
D) ReceiveacustomerorderAnswer:A
v Diff:2
LearningObjective:1.1Explainhowaccountingaffectsboththedemandforandsupplyofinformation. x
v SectionReference:WhyisAccountingInformationImportant?AACSB:Analytic
A+ Page4
v
