Test Bank for Accounting Information Systems 14th Edition(Romney, 2017), All Chapters Complete Guide A+.pdf

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Test Bank for Accounting Information Systems, 1st Edi
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tion by Arline A. Savage Latest 2024
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Chapterm01:mAccountingmasmInformation
1) Accountingmcommunicatesmtomstakeholders
A) minimallymrequired mpublicmfinancialmdata.
B) themfinancialmoutcomesmof moperating,minvesting,mand mfinancingmactivities.
C) themsalesmstrategymformthemoperating,mmarketing,mand msalesmactivities.
D) blackmand mwhitemdetailsmabout mthemeconomicsmof moperatingmactivities.mAnswer:mB
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunication
Bloom's:mComprehensionmAICPA:mAC:mReporting


2) Accountingmcommunicatesmthemfinancialmoutcomesmof mambusiness'smactivitiesmfor
A) operating.
B) investing.
C) financing.
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:mD
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunication
Bloom's:mComprehensionmAICPA:mAC:mReporting


3) Inmwhat mwaymdommanagement mteamsmusemaccountingmdata?
A) Management mteamsmusemaccountingmdatamtommakembusinessmdecisions.
B) Management mteamsmusemaccountingmdatamtommakemand mexecutemplans.
C) Management mteamsmusemeconomicmand maccountingmdatamtogethermtommakemdecisions.
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:mD

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Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension
AICPA:mmAC:mRiskmAssessment,mAnalysis,mand mManagement
m


4) Whichmstatement mismTRUE?
A) Accountingmconsistsmof mrigid mblackmand mwhitemrules.
B) Accountantsmcrunchmnumbers,mnot mmakemdecisions.
C) Accountingmhelpsmsupport mamprosperousmsociety.
D) Accountantsmfocusmonmdebitsmand mcredits,mnot mbusinessmactivities.mAnswer:mC
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mComprehensionmAICPA:mN/A


5) Whichmof mthemfollowingmismNOTmamcomponent mof manminformationmsystem?
A) Hardware
B) Software
C) Input
D) NetworkmAnswer:mCmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmKnowledge
AICPA:mmAC:mSystemsmand mProcessmManagement


6) Input mtomanminformationmsystemmconsistsmof
A) raw mand munorganized mdata.
B) hardwaremand msoftware.

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C) reported minformation.
D) processed mdata.
Answer:mmA
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmKnowledge
AICPA:mmAC:mSystemsmand mProcessmManagement
7) Whichmof mthemfollowingmismamdefinitionmof moutput mfrommanminformationmsystem?
A) Output mismraw mand munorganized mdata.
B) Output misminformationmproduced mbymprocessingmdata.
C) Output mismdatabasemfactsmand mfigures.
D) Output misminformationmcollected mfrommusers.mAnswer:mB
m


Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension
AICPA:mmAC:mSystemsmand mProcessmManagement


8) Whichmstatement mconcerningmdatamismTRUE?
A) Datamismuselessmtomambusinessmuntilmtransformed mintominformation.
B) Datamismthemoutput mfrommanminformationmsystem.
C) Datamismorganized mintomunderstandablemformats.
D) Datamismprocessed mbeforembeingminput mintomtheminformationmsystem.mAnswer:mA
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension

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AICPA:mmAC:mSystemsmand mProcessmManagement


9)
Whichmof mthemfollowingmactivitiesmwould mNOTmresult minmamtransactionminmanmaccountingmi
nformationmsystem?
A) Sellmgoodsmtomamcustomermonmaccount
B) Purchasemsuppliesmonmcredit
C) Prepaymformsixmmonthsmof minsurance
D) ReceivemamcustomermordermAnswer:mD
Diff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmApplication
AICPA:mmAC:mSystemsmand mProcessmManagement
m


10)
Whichmof mthemfollowingmactivitiesmresultsminmamtransactionmanmaccountingminformationm syst
em?
A) Sellmgoodsmtomamcustomer
B) Submit manmordermtomamvendor
C) Createmestimatesmformamcustomer
D) ReceivemamcustomermordermAnswer:mA
Diff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmApplication
AICPA:mmAC:mSystemsmand mProcessmManagement


11) A mbusinessmmodelmis
A) amcompany'smplanmformoperations.

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