Exam (elaborations)
Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney A+
- Module
- Institution
- Book
Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney A+..
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
ASolution
Reviews received
Content preview
Created By: A SolutionTest Bank for Accounting Information Systems, 16th
Edition by Marshall B Romney A+
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.
A+ Page 1
,Created By: A Solution
D) goal match. Answer: C
Concept: The concept of information Objective: Learning Objective 1 Difficulty: Easy
AACSB: Analytical Thinking
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
A+ Page 2
,Created By: A Solution
B) Accurate
C) Relevant
D) Complete Answer: C
Concept: Information needs and business processes Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
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
A+ Page 3
, Created By: A Solution
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
A+ Page 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.62. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now