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TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 10TH EDITION BY JAMES A HALL
TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 10TH EDITION BY JAMES A HALL
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,ACCOUNTING INFORMATION SYSTEMS 10TH EDITION BYJAMES A HALL TEST BANK
Chapter 1
1. Information is a business resource.
*a. True
b. False
2. IT outsourcing is location-independent computing.
a. True
*b. False
3. Transaction processing systems convert non-financial transactions
into financial transactions.
a. True
*b. False
4. Information lacking reliability may still have value.
a. True
*b. False
5. A balance sheet prepared in conformity with GAAP is an example of
discretionary reporting.
a. True
*b. False
6. The management reporting system provides the internal financial
information needed to manage a business.
*a. True
b. False
7. Most of the inputs to the general ledger system come from the
financial reporting system.
a. True
*b. False
8. When preparing discretionary reports, organizations can choose what
information to report and how to present it.
*a. True
b. False
,9. Retrieval is the task of permanently removing obsolete or redundant
records from the database.
a. True
*b. False
10. Systems development represents 80 to 90 percent of the total cost
of a computer system.
a. True
*b. False
11. The database administrator is responsible for the security and
integrity of the database.
*a. True
b. False
12. Custom software is developed and maintained by enterprise resource
planners.
a. True
*b. False
13. The internal auditor represents the interests of third-party
outsiders.
a. True
*b. False
14. Information technology (IT) audits can be performed by both
internal and external auditors.
*a. True
b. False
15. Custom software is the most affordable systems development option.
a. True
*b. False
16. A database is a collection of interconnected computers and
communications devices that allows users to communicate, access data
and applications, and share information and resources.
a. True
*b. False
, 17. Systems maintenance consumes the majority of a system’s total
costs.
*a. True
b. False
18. Cloud computing is a practice in which the organization sells its
IT resources to a third-party outsourcing vendor then leases back IT
services from the vendor for a contract period.
a. True
*b. False
19. A potential benefit of cloud computing is that the client firm does
not need to know where its data are being processed.
a. True
*b. False
20. One of the greatest disadvantages of database systems is that all
data is always available to all users.
a. True
*b. False
21. Under SOX legislation public accounting firms are no longer allowed
to provide consulting services to audit clients.
*a. True
b. False
22. One member of a company’s audit committee must be an independent
CPA.
a. True
*b. False
23. Which of the following is not a business resource?
a. raw material
b. labor
c. information
*d. all are business resources
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