TEST BANK
[TEST BANK] ACCOUNTING INFORMATION SYSTEMS,
15TH EDITION BY ROMNEY, STEINBART, SUMMERS,
WOOD
THIS DOCUMENT CONTAINS:
❖ACCOUNTING INFORMATION SYSTEMS
❖COMPLETE VERIFIED TEST BANK
❖15TH EDITION
❖BY ROMNEY, STEINBART, SUMMERS, WOOD
❖100% GUARANTEED PASS
, Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and
explain how to determine the value of information.
1) Which of the following statements below shows the contrast between data
and information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
2) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
1
,3) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of producing it.
D) the extent to which it optimizes the value chain.
Answer: C
4) An accounting information system (AIS) processes to provide users with
.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
5) information reduces uncertainty, improves decision makers' ability to
make predictions, or confirms expectations.
A) Timely
2
, B) Reliable
C) Relevant
D) Complete
Answer: C
6) Information that is free from error or bias and accurately represents the events or
activities of the organization is
A) relevant.
B) reliable / Faithful Representation.
C) verifiable.
D) timely.
Answer: B
7) Information that does not omit important aspects of the underlying events or
activities that it measures is
A) complete.
B) accessible.
C) relevant.
D) timely.
3
[TEST BANK] ACCOUNTING INFORMATION SYSTEMS,
15TH EDITION BY ROMNEY, STEINBART, SUMMERS,
WOOD
THIS DOCUMENT CONTAINS:
❖ACCOUNTING INFORMATION SYSTEMS
❖COMPLETE VERIFIED TEST BANK
❖15TH EDITION
❖BY ROMNEY, STEINBART, SUMMERS, WOOD
❖100% GUARANTEED PASS
, Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and
explain how to determine the value of information.
1) Which of the following statements below shows the contrast between data
and information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
2) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
1
,3) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of producing it.
D) the extent to which it optimizes the value chain.
Answer: C
4) An accounting information system (AIS) processes to provide users with
.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
5) information reduces uncertainty, improves decision makers' ability to
make predictions, or confirms expectations.
A) Timely
2
, B) Reliable
C) Relevant
D) Complete
Answer: C
6) Information that is free from error or bias and accurately represents the events or
activities of the organization is
A) relevant.
B) reliable / Faithful Representation.
C) verifiable.
D) timely.
Answer: B
7) Information that does not omit important aspects of the underlying events or
activities that it measures is
A) complete.
B) accessible.
C) relevant.
D) timely.
3
