Test Bank for Accounting Information Systems, 1st Edition.pdf

Created mBy:mTest mBank
s

Test Bank for Accounting Information Systems, 1st E
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dition 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:m
BmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m's:mComprehensionmAICPA:mAC:mReporting


2) Accountingmcommunicatesmthemfinancialmoutcomesmof mambusiness'smactivitiesmfor
A) operating.
B) investing.
C) financing.
D) Allmof mthesemanswermchoicesmaremcorrect.mAnswer:m
DmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mCommunicationmBloo
m'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:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mRiskmAssessment,mAnalysis,mand mManagement


4) Whichmstatement mismTRUE?
A) Accountingmconsistsmof mrigid mblackmand mwhitemrules.
B) Accountantsmcrunchmnumbers,mnot mmakemdecisions.
C) Accountingmhelpsmsupport mamprosperousmsociety.
D) Accountantsmfocusmonmdebitsmand mcredits,mnot mbusinessmactivities.mAnswer:m
CmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m'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:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC:mSystemsmand mProcessmManagement


6) Input mtomanminformationmsystemmconsistsmof
A) raw mand munorganized mdata.


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B) hardwaremand msoftware.
C) reported minformation.
D) processed mdata
.
Answer:m A
Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Knowledge
AICPA:m AC: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


Diff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement


8) Whichmstatement mconcerningmdatamismTRUE?
A) Datamismuselessmtomambusinessmuntilmtransformed mintominformation.
B) Datamismthemoutput mfrommanminformationmsystem.
C) Datamismorganized mintomunderstandablemformats.
D) Datamismprocessed mbeforembeingminput mintomtheminformationmsystem.mAnswer:m
AmDiff:m1
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
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, Created mBy:mTest mBank
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SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Comprehension
AICPA:m AC:mSystemsmand mProcessmManagement


9) Whichmof mthemfollowingmactivitiesmwould mNOTmresult minmamtransactionminmanmaccounti
ngminformationmsystem?
A) Sellmgoodsmtomamcustomermonmaccount
B) Purchasemsuppliesmonmcredit
C) Prepaymformsixmmonthsmof minsurance
D) ReceivemamcustomermordermAnswer:m
DmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Application
AICPA:m AC:mSystemsmand mProcessmManagement


10) Whichmof mthemfollowingmactivitiesmresultsminmamtransactionmanmaccountingminformati
onmsystem?
A) Sellmgoodsmtomamcustomer
B) Submit manmordermtomamvendor
C) Createmestimatesmformamcustomer
D) ReceivemamcustomermordermAnswer:m
AmDiff:m2
LearningmObjective:m1.1mExplainmhow maccountingmaffectsmbothmthemdemand mformand msupplymof minf
ormation.
SectionmReference:mWhymismAccountingmInformationmImportant?mAACSB:mAnalyticmBloo
m's:m Application
AICPA:m AC:mSystemsmand mProcessmManagement


11) A mbusinessmmodelmis


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