Exam (elaborations)

Test Bank for Accounting Information Systems, 3rd Edition

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Course
Physiology

Institution
University Of Toronto (U Of T )

Test Bank for Accounting Information Systems, 3rd Edition TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Accounting and Finance is a primary activity in the value chain. ⊚ true ⊚ false 2) As of today, Accounting Information Systems are all computerize...

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Uploaded on February 10, 2022
Number of pages 26
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Type Exam (elaborations)
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3rd edition
test bank for accounting information systems
test bank for accounting information systems
3rd editiontest bank for accounting information systems
3rd editiontest bank for accounting inf

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Test Bank for Accounting Information
Systems, 3rd Edition, Vernon Richardson,
Chengyee Chang Rod Smith

Version 1 1

,TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) Accounting and Finance is a primary activity in the value chain.

⊚ true
⊚ false

2) As of today, Accounting Information Systems are all computerized.

⊚ true
⊚ false

3) Business value includes all those items, events and interactions that determine the
financial health and well-being of the firm.

⊚ true
⊚ false

4) The Certified Information Technology Professional (CITP) is a professional designation
for those with a broad range of technology knowledge and does not require a CPA.

⊚ true
⊚ false

5) The Certified Information Systems Auditor (CISA) is a professional designation
generally sought by those performing IT audits.

⊚ true
⊚ false

6) Information is defined as being data organized in a meaningful way that is useful to the
user.

⊚ true
⊚ false

Version 1 2

, 7) Data is defined as being information organized in a meaningful way that is useful to the
user.

⊚ true
⊚ false

8) A systems analyst analyzes a business problem that might be addressed by an information
system and recommends software or systems to address that problem.

⊚ true
⊚ false

9) A value chain is defined as the cost of performing various activities inside a firm.

⊚ true
⊚ false

10) Relevant information’s most defining characteristic is that it is free from bias and error.

⊚ true
⊚ false

11) The characteristics of relevant information include predictive value, feedback value and
timeliness.

⊚ true
⊚ false

12) A faithful representation of the underlying event should reflect the bias of the system
analyst.

⊚ true
⊚ false

13) Information overload is defined as the difficulty a person faces in understanding a
problem and making a decision as a consequence of too much information.

Version 1 3

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Exam (elaborations)

Test Bank for Accounting Information Systems, 3rd Edition

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