Chapter 1
1. An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into
information that is provided to users.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJU
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-GJUG-RP3S-GW5S-C3UB-8RSS-
ECUD-CRSS-K3UR-GOSS-NCUD-GWSU-GP3W-GO3D-NATS-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
2. The two major subsystems of the accounting information system are the financial accounting information system and
the cost management accounting information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJ1
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-CR4U-C3DR-8R3S-G3JO-GOSS-
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,Chapter 1
RC3W-CRSS-NQDR-GOSS-RPT1-CASS-NAJ3-GT1U-QAUN-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
3. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJT
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJO-CA4D-CPB3-GJTU-YCJT-CRSU-
GAJS-CRSS-NPMD-GOSS-CCBO-8RSS-RCJZ-GFUG-GATU-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
4. The three broad objectives of financial accounting information systems are to provide information for costing out
services and products, planning and control, and decision making.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJO
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,Chapter 1
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMR-GPTD-RP3O-CAHD-RCUF-
GHSU-Y3UR-CESU-1PBS-GOSU-E3TT-GYSU-RPDD-8YAS-CCBA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
5. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJZ
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJU-GOHU-KCTS-8BTU-GPT3-
GHSS-K3DR-8YSS-K3UD-GOSS-RPBW-GASU-CAMB-GYAG-N3BZ-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
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, Chapter 1
QUESTION ID: JFND-GO33-GINU-1OJS
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-GPTU-CP3W-CO5S-KCT1-CWSS-
E3MF-CRSU-KQJT-GOSS-EQJ1-8YSS-GPBU-8FOU-KA3I-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
7. Changes in the way business is conducted worldwide have broadened the focus of cost management accounting
systems.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJI
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-CC3U-QA5G-GRHU-YPJ1-
COSS-CPDG-CRSU-KCTW-GOSU-E3JO-GCSS-KPUB-CFTS-KPBA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Technology
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-09 - FN-Leveraging Technology
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
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1. An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into
information that is provided to users.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJU
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-GJUG-RP3S-GW5S-C3UB-8RSS-
ECUD-CRSS-K3UR-GOSS-NCUD-GWSU-GP3W-GO3D-NATS-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
2. The two major subsystems of the accounting information system are the financial accounting information system and
the cost management accounting information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJ1
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-CR4U-C3DR-8R3S-G3JO-GOSS-
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1
RC3W-CRSS-NQDR-GOSS-RPT1-CASS-NAJ3-GT1U-QAUN-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
3. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJT
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJO-CA4D-CPB3-GJTU-YCJT-CRSU-
GAJS-CRSS-NPMD-GOSS-CCBO-8RSS-RCJZ-GFUG-GATU-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
4. The three broad objectives of financial accounting information systems are to provide information for costing out
services and products, planning and control, and decision making.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJO
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,Chapter 1
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMR-GPTD-RP3O-CAHD-RCUF-
GHSU-Y3UR-CESU-1PBS-GOSU-E3TT-GYSU-RPDD-8YAS-CCBA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
5. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJZ
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJU-GOHU-KCTS-8BTU-GPT3-
GHSS-K3DR-8YSS-K3UD-GOSS-RPBW-GASU-CAMB-GYAG-N3BZ-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
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, Chapter 1
QUESTION ID: JFND-GO33-GINU-1OJS
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-GPTU-CP3W-CO5S-KCT1-CWSS-
E3MF-CRSU-KQJT-GOSS-EQJ1-8YSS-GPBU-8FOU-KA3I-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
7. Changes in the way business is conducted worldwide have broadened the focus of cost management accounting
systems.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OJI
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-CC3U-QA5G-GRHU-YPJ1-
COSS-CPDG-CRSU-KCTW-GOSU-E3JO-GCSS-KPUB-CFTS-KPBA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Technology
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-09 - FN-Leveraging Technology
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
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