COMPLETE Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage|newest edition 100% guaranteed pass!

Created By: TestYBank
Test Ban k forYAccountingYInformationYSystems,Y
1stYE
ditionYbyYArlineYA.YSavageYLates
tY2024




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,Created By: TestYBank
Test Ban k forYAccountingYInformationYSystems,Y
1stYE
ditionYbyYArlineYA.YSavageYLates
ChapterY01:YAccountingYasY Information
1) tY2024
AccountingYcommunicatesYtoYstakeholders
A) minimallyYrequiredYpublicYfinancialYdata.
B) theYfinancialYoutcomesYofYoperating,Yinvesting,Y andYfinancingYactivities.
C) theYsalesYstrategyYforYtheYoperating,Ymarketing,Y andYsalesYactivities.
D) blackYandYwhiteYdetailsYaboutYtheYeconomicsYofYoperatingYactivitie
s.YAnswer:YBYDiff:Y1
LearningYObjective:Y1.1Y ExplainYhowYaccountingYaffectsYbothYtheYdemandYforYand
YsupplyYofYinfYormation.
SectionYReference:YWhyYisYAccountingYInformationYImportant?YAACSB:YCommunicati
onYBlooYm's:YComprehensionYAICPA:YAC:YReporting


2) AccountingYcommunicatesYtheYfinancialYoutcomesYofYaYbusiness'sYactivitiesYfor
A) operating.
B) investing.
C) financing.
D) AllYofYtheseYanswerYchoicesYareYcorrect.YAnswer:
DYDiff:Y1
LearningYObjective:Y1.1Y ExplainYhowYaccountingYaffectsYbothYtheYdemandYforYand
YsupplyYofYinfYormation.
SectionYReference:YWhyYisYAccountingYInformationYImportant?YAACSB:YCommunicatio
nYBlooYm's:YComprehensionYAICPA:YAC:YReporting


3) InY whatYwayYdoYmanagementYteamsYuseYaccountingYdata?
A) ManagementYteamsYuseYaccountingYdataYtoYmakeYbusinessYdecisions.
B) ManagementYteamsYuseYaccountingYdataYtoYmakeYandYexecuteY plans.
C) ManagementYteamsYuseYeconomicYandYaccountingYdataYtogetherYtoYmakeYdeci
sions.
D) AllYofYtheseYanswerY choicesYareYcorrect.YAnswer:Y D


TestYBan PageY 2
k

,Created By: TestYBank
Test Ban k forYAccountingYInformationYSystems,Y
1stYE

Diff:Y1
ditionYbyYArlineYA.YSavageYLates
tY2024
LearningYObjective:Y1.1Y ExplainYhowYaccountingYaffectsYbothYtheYdemandYforYand
YsupplyYofYinfYormation.
SectionYReference:YWhyYisYAccountingYInformationYImportant?YAACSB:YAnal
yticY BlooYm's:Y Comprehension
AICPA:Y AC:YRiskYAssessment,YAnalysis,YandYManagement


4) WhichYstatementYisYTRUE?
A) AccountingYconsistsYofYrigidYblackYandYwhiteYrules.
B) AccountantsYcrunchYnumbers,YnotYmakeYdecisions.
C) AccountingYhelpsYsupportYaYprosperousYsociety.
D) AccountantsYfocusYonYdebitsYandYcredits,YnotYbusinessYactivities
.YAnswer:YCYDiff:Y1
LearningYObjective:Y1.1Y ExplainYhowYaccountingYaffectsYbothYtheYdemandYforYand
YsupplyYofYinfYormation.
SectionYReference:YWhyYisYAccountingYInformationYImportant?YAACSB:YAnal
yticY BlooYm's:YComprehensionYAICPA:YN/A


5) WhichYofYtheYfollowingYisYNOTY aYcomponentYofY anYinformationYsystem?
A) Hardware
B) Software
C) Input
D) NetworkYAnswer:YCY Diff:Y1
LearningYObjective:Y1.1Y ExplainYhowYaccountingYaffectsYbothYtheYdemandYforYand
YsupplyYofYinfYormation.
SectionYReference:YWhyYisYAccountingYInformationYImportant?YAACSB:YAnal
yticY BlooYm's:Y Knowledge
AICPA:Y AC:YSystemsYandYProcessYManagement



TestYBan PageY 3
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, Created By: TestYBank
Test Ban k forYAccountingYInformationYSystems,Y
1stYE
6) ditionYbyYArlineYA.YSavageYLates
InputYtoYanYinformationYsystemYconsistsYof
A) rawYandYunorganizedYdata. tY2024




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