Test bank solution manual instructor manual for accounting information systems 12e by romneysteinbart stamped

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AccountingnInformationnSystems,n12en(Romney/Steinbart)nCha
ptern1n AccountingnInformationnSystems:nAnnOverview

1) Whichnofnthenfollowingnstatementsnbelownshowsnthencontrastnbetweenndatanandninformation?
A) DatanisnthenoutputnofnannAIS.
B) InformationnisnthenprimarynoutputnofnannAIS.
C) Datanisnmorenusefulninndecision-makingnthanninformation.
D) Datanandninformationnarenthensame.n
Answer:n B
PagenRef:n4
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

2) Informationnis
A) basicallynthensamenasndata.
B) rawnfactsnaboutntransactions.
C) potentiallynusefulnfactsnwhennprocessedninnantimelynmanner.
D) datanthatnhasnbeennorganizednandnprocessednsonthatnit'snmeaningful.n
Answer:n D
PagenRef:n4
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

3) Thenvaluenofninformationncannbestnbendefinednas
A) hownusefulnitnisntondecisionnmakers.
B) thenbenefitsnproducednbynpossessingnandnusingntheninformationnminusnthencostnofnproducingnit.
C) hownrelevantnitnis.
D) thenextentntonwhichnitnmaximizesnthenvaluenchain.n
Answer:n B
PagenRef:n4
Objective:n LearningnObjectiven1n
Difficultyn:nModerate
AACSB:n Analytic

4) Annaccountingninformationnsystemn(AIS)nprocesses tonprovidenusersnwith .
A) data;ninformation
B) data;ntransactions
C) information;ndata
D) data;nbenefitsn
Answer:nnnAnPag
enRef:n10
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

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5) Informationnthatnreducesnuncertainty,nimprovesndecisionnmakers'nabilityntonmakenpredictions,nornc
onfirmsnorncorrectsntheirnpriornexpectations,n isnsaidnton be
A) complete.
B) relevant.
C) reliable.
D) timely.n
Answer:nBn
PagenRef:n5
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

6) Informationnthatn isnfreenfromnerrornornbiasnandnaccuratelynrepresentsntheneventsnornactivitiesnofntheno
rganizationnis
A) relevant.
B) reliable.
C) verifiable.
D) timely.n
Answer:nBn
PagenRef:n5
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

7) Informationnthatndoesnnotnomitn importantn aspectsnofnthenunderlyingneventsnornactivitiesnthatnitnmeasuresnis
A) complete.
B) accessible.
C) relevant.
D) timely.n
Answer:nAn
PagenRef:n5
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic




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8) Whenntwonknowledgeablenpeoplenactingnindependentlyneachnproducenthensameninformation,nthisni
nformationnisnsaidnton be
A) complete.
B) relevant.
C) reliable.
D) verifiable.n
Answer:nDnP
agenRef:n5
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

9) Datanmustnbenconvertednintoninformationntonbenconsiderednusefulnandnmeaningfulnforndecision-
making.nTherenarensixncharacteristicsnthatnmakeninformationnbothnusefulnandnmeaningful.nIfninformationnisnf
reenfromnerrornornbiasnandnaccuratelynrepresentsntheneventsnornactivitiesnofnthenorganization,nitnisnrepresentat
ivenofnthencharacteristicnof
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.n
Answer:nDnP
agenRef:n5
Objective:n LearningnObjectiven1n
Difficultyn:nEasy
AACSB:n Analytic

10) Annaccountingninformationnsystemnmustn benablentonperformnwhichnofnthen followingntasks?
A) collectntransactionndata
B) processntransactionndata
C) providenadequatencontrols
D) allnofnthenaboven
Answer:n D
PagenRef:n10
Objective:n LearningnObjectiven5n
Difficultyn:nEasy
AACSB:n Analytic

11) WhichnofnthenfollowingnisnnotnannexamplenofnancommonnactivityninnannAIS?
A) buynandnpaynforngoodsnandnservices
B) sellngoodsnandnservicesnandncollectncash
C) summarizenandnreportnresultsntoninterestednparties
D) recordingnofnsalesncallsnfornmarketingnpurposesn
Answer:n D
PagenRef:n8
Objective:n LearningnObjectiven5
Difficultyn:nEasynA
ACSB:n Analytic
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12) WhichnofnthenfollowingnisnnotnonenofnthencomponentsnofnannAIS?
A) Internalncontrolsnandnsecuritynmeasures
B) People
C) Proceduresnandninstructions
D) Hardwaren
Answer:nDnP
agenRef:n10
Objective:n LearningnObjectiven5n
Difficultyn:nEasy
AACSB:n Analytic

13) Onengroupnthatnreliesnonnbothnthenadequatencollectionnandntransformationnofndatanforndecision-
makingnpurposesnfornannorganizationnis
A) management.
B) interestednoutsiders.
C) competitors.
D) thengovernment.n
Answer:n A
PagenRef:n12
Objective:n LearningnObjectiven3n
Difficultyn:nEasy
AACSB:n Analytic

14) Thenprimarynobjectivenofnaccountingnisnto
A) implementnstrongninternalncontrols.
B) providenusefulninformationntondecisionnmakers.
C) preparenfinancialnstatements.
D) ensurenthenprofitabilitynofnannorganization.n
Answer:n B
PagenRef:n12
Objective:n LearningnObjectiven5n
Difficultyn:nModerate
AACSB:n Analytic




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