Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage Latest 2024

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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) minimallymrequiredmpublicmfinancialmdata.
B) themfinancialmoutcomesmofmoperating,minvesting,mandmfinancingmactivities.
C) themsalesmstrategymformthemoperating,mmarketing,mandmsalesmactivities.
D) blackmandmwhitemdetailsmaboutmthemeconomicsmofmoperatingmactivities.mAnswer:mB
Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunication
Bloom's:mComprehensionmAICPA:mAC:mReporting


2) Accountingmcommunicatesmthemfinancialmoutcomesmofmambusiness'smactivitiesmfor
A) operating.
B) investing.
C) financing.
D) Allmofmthesemanswermchoicesmaremcorrect.mAnswer:mD
Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunication
Bloom's:mComprehensionmAICPA:mAC:mReporting


3) Inmwhatmwaymdommanagementmteamsmusemaccountingmdata?
A) Managementmteamsmusemaccountingmdatamtommakembusinessmdecisions.
B) Managementmteamsmusemaccountingmdatamtommakemandmexecutemplans.
C) Managementmteamsmusemeconomicmandmaccountingmdatamtogethermtommakemdecisions.
D) Allmofmthesemanswermchoicesmaremcorrect.mAnswer:mD

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Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension
AICPA:mmAC:mRiskmAssessment,mAnalysis,mandmManagement
m

4) WhichmstatementmismTRUE?
A) Accountingmconsistsmofmrigidmblackmandmwhitemrules.
B) Accountantsmcrunchmnumbers,mnotmmakemdecisions.
C) Accountingmhelpsmsupportmamprosperousmsociety.
D) Accountantsmfocusmonmdebitsmandmcredits,mnotmbusinessmactivities.mAnswer:mC
Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mComprehensionmAICPA:mN/A


5) WhichmofmthemfollowingmismNOTmamcomponentmofmanminformationmsystem?
A) Hardware
B) Software
C) Input
D) NetworkmAnswer:mCmDiff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmKnowledge
AICPA:mmAC:mSystemsmandmProcessmManagement


6) Inputmtomanminformationmsystemmconsistsmof
A) rawmandmunorganizedmdata.
B) hardwaremandmsoftware.

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C) reportedminformation.
D) processedmdata.
Answer:mmA
Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmKnowledge
AICPA:mmAC:mSystemsmandmProcessmManagement
7) Whichmofmthemfollowingmismamdefinitionmofmoutputmfrommanminformationmsystem?
A) Outputmismrawmandmunorganizedmdata.
B) Outputmisminformationmproducedmbymprocessingmdata.
C) Outputmismdatabasemfactsmandmfigures.
D) Outputmisminformationmcollectedmfrommusers.mAnswer:mB
m


Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension
AICPA:mmAC:mSystemsmandmProcessmManagement


8) WhichmstatementmconcerningmdatamismTRUE?
A) Datamismuselessmtomambusinessmuntilmtransformedmintominformation.
B) Datamismthemoutputmfrommanminformationmsystem.
C) Datamismorganizedmintomunderstandablemformats.
D) Datamismprocessedmbeforembeingminputmintomtheminformationmsystem.mAnswer:mA
Diff:m1
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmComprehension

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AICPA:mmAC:mSystemsmandmProcessmManagement


9)
WhichmofmthemfollowingmactivitiesmwouldmNOTmresultminmamtransactionminmanmaccountingmi
nformationmsystem?
A) Sellmgoodsmtomamcustomermonmaccount
B) Purchasemsuppliesmonmcredit
C) Prepaymformsixmmonthsmofminsurance
D) ReceivemamcustomermordermAnswer:mD
Diff:m2
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmApplication
AICPA:mmAC:mSystemsmandmProcessmManagement
m


10)
Whichmofmthemfollowingmactivitiesmresultsminmamtransactionmanmaccountingminformationmsyst
em?
A) Sellmgoodsmtomamcustomer
B) Submitmanmordermtomamvendor
C) Createmestimatesmformamcustomer
D) ReceivemamcustomermordermAnswer:mA
Diff:m2
LearningmObjective:m1.1mExplainmhowmaccountingmaffectsmbothmthemdemandmformandmsupplymofminf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalytic
Bloom's:mmApplication
AICPA:mmAC:mSystemsmandmProcessmManagement


11) Ambusinessmmodelmis
A) amcompany'smplanmformoperations.

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