,TESTBANK FOR Accounting Information Systems
16th Edition Marshall B Romney
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
, Test Bank
by Noah Myers and Mason Snow
Accounting Information
Systems
Sixteenth Edition
Marshall B. Romney
Paul John Steinbart
Scott L. Summers
David A. Wood
,This work is protected by United States copyright laws and is provided solely for the use of
instructors in teaching their courses and assessing student learning. Dissemination or sale of
any part of this work (including on the World Wide Web) will destroy the integrity of the work
and is not permitted. The work and materials from it should never be made available to
students except by instructors using the accompanying text in their classes. All recipients of
this work are expected to abide by these restrictions and to honor the intended pedagogical
purposes and the needs of other instructors who rely on these materials.
Copyright © 2024, 2021, 2018 by Pearson Education, Inc. or its affiliates. All Rights Reserved.
Manufactured in the United States of America. This publication is protected by copyright, and
permission should be obtained from the publisher prior to any prohibited reproduction, storage in a
retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying,
recording, or otherwise. For information regarding permissions, request forms, and the appropriate
contacts within the Pearson Education Global Rights and Permissions department, please visit
www.pearsoned.com/permissions/.
PEARSON and MYLAB are exclusive trademark owned by Pearson Education, Inc. or its affiliates in
the U.S. and/or other countries.
Unless otherwise indicated herein, any third-party trademarks, logos, or icons that may appear in this
work are the property of their respective owners, and any references to third-party trademarks, logos,
icons, or other trade dress are for demonstrative or descriptive purposes only. Such references are not
intended to imply any sponsorship, endorsement, authorization, or promotion of Pearson’s products
by the owners of such marks, or any relationship between the owner and Pearson Education, Inc., or
its affiliates, authors, licensees, or distributors.
,Accounting Information Systems, 16e (Romney)
Chapter 1 Conceptual Foundations of Accounting Information Systems
1 Distinguish data from information, discuss the characteristics of useful information, and
explain how to determine the value of information.
1) Which of the following statements below shows the contrast between data and information?
A) Data is the primary output of an accounting information system.
B) Information is the primary output of an accounting information system.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2) When a subsystem's goals are inconsistent with the goals of another subsystem or with the
system as a whole, it creates
A) system inconsistence.
B) system conflict.
C) goal inconsistence.
D) goal conflict.
Answer: D
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3) When a subsystem achieves its goals while contributing to the organization's overall goal, it is
called
A) system match.
B) system congruence.
C) goal congruence.
D) goal match.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
1
Copyright © 2024 Pearson Education, Inc.
,4) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
5) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of producing it.
D) the extent to which it optimizes the value chain.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6) An accounting information system (AIS) processes ________ to provide users with ________.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
7) ________ information reduces uncertainty, improves decision makers' ability to make
predictions, or confirms expectations.
A) Timely
B) Accurate
C) Relevant
D) Complete
Answer: C
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2
Copyright © 2024 Pearson Education, Inc.
,8) Information that is free from error or bias and faithfully represents the events or activities of
the organization is
A) relevant.
B) accurate.
C) verifiable.
D) timely.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
9) Information that does not omit important aspects of the underlying events or activities that it
measures is
A) complete.
B) available.
C) relevant.
D) timely.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
10) Information is ________ when two knowledgeable people independently produce the same
information.
A) verifiable
B) relevant
C) accurate
D) complete
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3
Copyright © 2024 Pearson Education, Inc.
,11) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If
information is free from error or bias and faithfully represents the events or activities of the
organization, it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D) accuracy.
Answer: D
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
12) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If
information can help reduce uncertainty, improves decision making, or confirms or corrects prior
expectations, it is representative of the characteristic of
A) objectivity.
B) relevance.
C) completeness.
D) truthfulness.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
13) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If the
same information can be reproduced by two independent and knowledgeable people, it is
representative of the characteristic of
A) accuracy.
B) relevance.
C) verifiability.
D) truthfulness.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
4
Copyright © 2024 Pearson Education, Inc.
,14) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If the
information is free from bias or prejudice, it is representative of the characteristic of
A) objectivity.
B) relevance.
C) verifiability.
D) truthful.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
15) Inventory information for Sun Corp. is provided in real time by a firm's accounting
information system. However, the accuracy of this information is questionable. Many store
managers often report stock outs of components that the system erroneously indicates are in
stock. Which of the following characteristics of useful information is absent in the situation
described above?
A) relevant
B) accurate
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
5
Copyright © 2024 Pearson Education, Inc.
, 16) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
recently changed hands and the new owners are conducting an audit of the financial records. The
auditors have been unable to reproduce financial reports that were prepared by Sam. While there
is no evidence of wrongdoing, the auditors cannot determine why they cannot produce the same
information. Which of the following characteristics of useful information is absent in the
situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: F
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
17) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
recently changed hands and the new owners are conducting an audit of the financial records. The
auditors have been unable to obtain the firm's financial statements that were prepared by Sam.
While there is no evidence of wrongdoing, the auditors are not able to complete the audit. Which
of the following characteristics of useful information is absent in the situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: G
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6
Copyright © 2024 Pearson Education, Inc.
16th Edition Marshall B Romney
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
, Test Bank
by Noah Myers and Mason Snow
Accounting Information
Systems
Sixteenth Edition
Marshall B. Romney
Paul John Steinbart
Scott L. Summers
David A. Wood
,This work is protected by United States copyright laws and is provided solely for the use of
instructors in teaching their courses and assessing student learning. Dissemination or sale of
any part of this work (including on the World Wide Web) will destroy the integrity of the work
and is not permitted. The work and materials from it should never be made available to
students except by instructors using the accompanying text in their classes. All recipients of
this work are expected to abide by these restrictions and to honor the intended pedagogical
purposes and the needs of other instructors who rely on these materials.
Copyright © 2024, 2021, 2018 by Pearson Education, Inc. or its affiliates. All Rights Reserved.
Manufactured in the United States of America. This publication is protected by copyright, and
permission should be obtained from the publisher prior to any prohibited reproduction, storage in a
retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying,
recording, or otherwise. For information regarding permissions, request forms, and the appropriate
contacts within the Pearson Education Global Rights and Permissions department, please visit
www.pearsoned.com/permissions/.
PEARSON and MYLAB are exclusive trademark owned by Pearson Education, Inc. or its affiliates in
the U.S. and/or other countries.
Unless otherwise indicated herein, any third-party trademarks, logos, or icons that may appear in this
work are the property of their respective owners, and any references to third-party trademarks, logos,
icons, or other trade dress are for demonstrative or descriptive purposes only. Such references are not
intended to imply any sponsorship, endorsement, authorization, or promotion of Pearson’s products
by the owners of such marks, or any relationship between the owner and Pearson Education, Inc., or
its affiliates, authors, licensees, or distributors.
,Accounting Information Systems, 16e (Romney)
Chapter 1 Conceptual Foundations of Accounting Information Systems
1 Distinguish data from information, discuss the characteristics of useful information, and
explain how to determine the value of information.
1) Which of the following statements below shows the contrast between data and information?
A) Data is the primary output of an accounting information system.
B) Information is the primary output of an accounting information system.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2) When a subsystem's goals are inconsistent with the goals of another subsystem or with the
system as a whole, it creates
A) system inconsistence.
B) system conflict.
C) goal inconsistence.
D) goal conflict.
Answer: D
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3) When a subsystem achieves its goals while contributing to the organization's overall goal, it is
called
A) system match.
B) system congruence.
C) goal congruence.
D) goal match.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
1
Copyright © 2024 Pearson Education, Inc.
,4) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
5) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of producing it.
D) the extent to which it optimizes the value chain.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6) An accounting information system (AIS) processes ________ to provide users with ________.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
7) ________ information reduces uncertainty, improves decision makers' ability to make
predictions, or confirms expectations.
A) Timely
B) Accurate
C) Relevant
D) Complete
Answer: C
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2
Copyright © 2024 Pearson Education, Inc.
,8) Information that is free from error or bias and faithfully represents the events or activities of
the organization is
A) relevant.
B) accurate.
C) verifiable.
D) timely.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
9) Information that does not omit important aspects of the underlying events or activities that it
measures is
A) complete.
B) available.
C) relevant.
D) timely.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
10) Information is ________ when two knowledgeable people independently produce the same
information.
A) verifiable
B) relevant
C) accurate
D) complete
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3
Copyright © 2024 Pearson Education, Inc.
,11) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If
information is free from error or bias and faithfully represents the events or activities of the
organization, it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D) accuracy.
Answer: D
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
12) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If
information can help reduce uncertainty, improves decision making, or confirms or corrects prior
expectations, it is representative of the characteristic of
A) objectivity.
B) relevance.
C) completeness.
D) truthfulness.
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
13) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If the
same information can be reproduced by two independent and knowledgeable people, it is
representative of the characteristic of
A) accuracy.
B) relevance.
C) verifiability.
D) truthfulness.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
4
Copyright © 2024 Pearson Education, Inc.
,14) Data must be converted into information to be considered useful and meaningful for decision
making. There are 14 characteristics that make information both useful and meaningful. If the
information is free from bias or prejudice, it is representative of the characteristic of
A) objectivity.
B) relevance.
C) verifiability.
D) truthful.
Answer: A
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
15) Inventory information for Sun Corp. is provided in real time by a firm's accounting
information system. However, the accuracy of this information is questionable. Many store
managers often report stock outs of components that the system erroneously indicates are in
stock. Which of the following characteristics of useful information is absent in the situation
described above?
A) relevant
B) accurate
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: B
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
5
Copyright © 2024 Pearson Education, Inc.
, 16) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
recently changed hands and the new owners are conducting an audit of the financial records. The
auditors have been unable to reproduce financial reports that were prepared by Sam. While there
is no evidence of wrongdoing, the auditors cannot determine why they cannot produce the same
information. Which of the following characteristics of useful information is absent in the
situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: F
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
17) Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm
recently changed hands and the new owners are conducting an audit of the financial records. The
auditors have been unable to obtain the firm's financial statements that were prepared by Sam.
While there is no evidence of wrongdoing, the auditors are not able to complete the audit. Which
of the following characteristics of useful information is absent in the situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) available
Answer: G
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6
Copyright © 2024 Pearson Education, Inc.
