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

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Test Bank for Accounting Information Systems, 1st Edit
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ion by Arline A. Savage Latest 2024
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Chapterb01:bAccountingbasbInformation
1) Accountingbcommunicatesbtobstakeholders
A) minimallybrequiredbpublicbfinancialbdata.
B) thebfinancialboutcomesbofboperating,binvesting,bandbfinancingbactivities.
C) thebsalesbstrategybforbtheboperating,bmarketing,bandbsalesbactivities.
D) blackbandbwhitebdetailsbaboutbthebeconomicsbofboperatingbactivities.bAnswer:bB
Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bCommunication
Bloom's:bComprehensionbAICPA:bAC:bReporting


2) Accountingbcommunicatesbthebfinancialboutcomesbofbabbusiness'sbactivitiesbfor
A) operating.
B) investing.
C) financing.
D) Allbofbthesebanswerbchoicesbarebcorrect.bAnswer:bD
Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bCommunication
Bloom's:bComprehensionbAICPA:bAC:bReporting


3) Inbwhatbwaybdobmanagementbteamsbusebaccountingbdata?
A) Managementbteamsbusebaccountingbdatabtobmakebbusinessbdecisions.
B) Managementbteamsbusebaccountingbdatabtobmakebandbexecutebplans.
C) Managementbteamsbusebeconomicbandbaccountingbdatabtogetherbtobmakebdecisions.
D) Allbofbthesebanswerbchoicesbarebcorrect.bAnswer:bD

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Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbComprehension
AICPA:bbAC:bRiskbAssessment,bAnalysis,bandbManagement
b

4) WhichbstatementbisbTRUE?
A) Accountingbconsistsbofbrigidbblackbandbwhitebrules.
B) Accountantsbcrunchbnumbers,bnotbmakebdecisions.
C) Accountingbhelpsbsupportbabprosperousbsociety.
D) Accountantsbfocusbonbdebitsbandbcredits,bnotbbusinessbactivities.bAnswer:bC
Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bComprehensionbAICPA:bN/A


5) WhichbofbthebfollowingbisbNOTbabcomponentbofbanbinformationbsystem?
A) Hardware
B) Software
C) Input
D) NetworkbAnswer:bCbDiff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbKnowledge
AICPA:bbAC:bSystemsbandbProcessbManagement


6) Inputbtobanbinformationbsystembconsistsbof
A) rawbandbunorganizedbdata.
B) hardwarebandbsoftware.

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C) reportedbinformation.
D) processedbdata.
Answer:bbA
Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbKnowledge
AICPA:bbAC:bSystemsbandbProcessbManagement
7) Whichbofbthebfollowingbisbabdefinitionbofboutputbfrombanbinformationbsystem?
A) Outputbisbrawbandbunorganizedbdata.
B) Outputbisbinformationbproducedbbybprocessingbdata.
C) Outputbisbdatabasebfactsbandbfigures.
D) Outputbisbinformationbcollectedbfrombusers.bAnswer:bB
b


Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbComprehension
AICPA:bbAC:bSystemsbandbProcessbManagement


8) WhichbstatementbconcerningbdatabisbTRUE?
A) Databisbuselessbtobabbusinessbuntilbtransformedbintobinformation.
B) Databisbtheboutputbfrombanbinformationbsystem.
C) Databisborganizedbintobunderstandablebformats.
D) Databisbprocessedbbeforebbeingbinputbintobthebinformationbsystem.bAnswer:bA
Diff:b1
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbComprehension

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AICPA:bbAC:bSystemsbandbProcessbManagement


9)
WhichbofbthebfollowingbactivitiesbwouldbNOTbresultbinbabtransactionbinbanbaccountingbinfor
mationbsystem?
A) Sellbgoodsbtobabcustomerbonbaccount
B) Purchasebsuppliesbonbcredit
C) Prepaybforbsixbmonthsbofbinsurance
D) ReceivebabcustomerborderbAnswer:bD
Diff:b2
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbApplication
AICPA:bbAC:bSystemsbandbProcessbManagement
b


10)
Whichbofbthebfollowingbactivitiesbresultsbinbabtransactionbanbaccountingbinformationbsystem
?
A) Sellbgoodsbtobabcustomer
B) Submitbanborderbtobabvendor
C) Createbestimatesbforbabcustomer
D) ReceivebabcustomerborderbAnswer:bA
Diff:b2
LearningbObjective:b1.1bExplainbhowbaccountingbaffectsbbothbthebdemandbforbandbsupplybofbinform
ation.
SectionbReference:bWhybisbAccountingbInformationbImportant?bAACSB:bAnalytic
Bloom's:bbApplication
AICPA:bbAC:bSystemsbandbProcessbManagement


11) Abbusinessbmodelbis
A) abcompany'sbplanbforboperations.

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