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