TEST BANK for Accounting Information Systems, 3rd Edition by Vernon Richardson, All Chapters 1-18, Complete

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Chapterg01:gAccountinggasgInformation
1) Accountinggcommunicatesgtogstakeholders
A) minimallygrequiredgpublicgfinancialgdata.
B) thegfinancialgoutcomesgofgoperating,ginvesting,gandgfinancinggactivities.
C) thegsalesgstrategygforgthegoperating,gmarketing,gandgsalesgactivities.
D) blackgandgwhitegdetailsgaboutgthegeconomicsgofgoperatinggactivities.gAnswer:gB
Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gCommunication
Bloom's:gComprehensiongAICPA:gAC:gReporting


2) Accountinggcommunicatesgthegfinancialgoutcomesgofgagbusiness'sgactivitiesgfor
A) operating.
B) investing.
C) financing.
D) Allgofgtheseganswergchoicesgaregcorrect.gAnswer:gD
Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gCommunication
Bloom's:gComprehensiongAICPA:gAC:gReporting


3) Ingwhatgwaygdogmanagementgteamsgusegaccountinggdata?
A) Managementgteamsgusegaccountinggdatagtogmakegbusinessgdecisions.
B) Managementgteamsgusegaccountinggdatagtogmakegandgexecutegplans.
C) Managementgteamsgusegeconomicgandgaccountinggdatagtogethergtogmakegdecisions.
D) Allgofgtheseganswergchoicesgaregcorrect.gAnswer:gD

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Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggComprehension
AICPA:ggAC:gRiskgAssessment,gAnalysis,gandgManagement
g


4) WhichgstatementgisgTRUE?
A) Accountinggconsistsgofgrigidgblackgandgwhitegrules.
B) Accountantsgcrunchgnumbers,gnotgmakegdecisions.
C) Accountingghelpsgsupportgagprosperousgsociety.
D) Accountantsgfocusgongdebitsgandgcredits,gnotgbusinessgactivities.gAnswer:gC
Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:gComprehensiongAICPA:gN/A


5) WhichgofgthegfollowinggisgNOTgagcomponentgofganginformationgsystem?
A) Hardware
B) Software
C) Input
D) NetworkgAnswer:gCgDiff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggKnowledge
AICPA:ggAC:gSystemsgandgProcessgManagement


6) Inputgtoganginformationgsystemgconsistsgof
A) rawgandgunorganizedgdata.
B) hardwaregandgsoftware.

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C) reportedginformation.
D) processedgdata.
Answer:ggA
Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggKnowledge
AICPA:ggAC:gSystemsgandgProcessgManagement
7) Whichgofgthegfollowinggisgagdefinitiongofgoutputgfromganginformationgsystem?
A) Outputgisgrawgandgunorganizedgdata.
B) Outputgisginformationgproducedgbygprocessinggdata.
C) Outputgisgdatabasegfactsgandgfigures.
D) Outputgisginformationgcollectedgfromgusers.gAnswer:gB
g

Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggComprehension
AICPA:ggAC:gSystemsgandgProcessgManagement


8) WhichgstatementgconcerninggdatagisgTRUE?
A) Datagisguselessgtogagbusinessguntilgtransformedgintoginformation.
B) Datagisgthegoutputgfromganginformationgsystem.
C) Datagisgorganizedgintogunderstandablegformats.
D) Datagisgprocessedgbeforegbeingginputgintogtheginformationgsystem.gAnswer:gA
Diff:g1
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggComprehension

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AICPA:ggAC:gSystemsgandgProcessgManagement


9)
WhichgofgthegfollowinggactivitiesgwouldgNOTgresultgingagtransactiongingangaccountingginfor
mationgsystem?
A) Sellggoodsgtogagcustomergongaccount
B) Purchasegsuppliesgongcredit
C) Prepaygforgsixgmonthsgofginsurance
D) ReceivegagcustomergordergAnswer:gD
Diff:g2
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggApplication
AICPA:ggAC:gSystemsgandgProcessgManagement
g


10)
Whichgofgthegfollowinggactivitiesgresultsgingagtransactiongangaccountingginformationgsystem
?
A) Sellggoodsgtogagcustomer
B) Submitgangordergtogagvendor
C) Creategestimatesgforgagcustomer
D) ReceivegagcustomergordergAnswer:gA
Diff:g2
LearninggObjective:g1.1gExplainghowgaccountinggaffectsgbothgthegdemandgforgandgsupplygofginform
ation.
SectiongReference:gWhygisgAccountinggInformationgImportant?gAACSB:gAnalytic
Bloom's:ggApplication
AICPA:ggAC:gSystemsgandgProcessgManagement


11) Agbusinessgmodelgis
A) agcompany'sgplangforgoperations.

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