TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 1ST EDITION VERNON RICHARDSON, CHENGYEE CHANG, ROD SMITH

Chapter 01 Accounting Information Systems and Firm Value True / False Questions 1. Accounting and Finance is a primary activity in the value chain. True False 2. Accounting Information Systems at this date 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 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 to be useful to the user. True False2 | P a g e 7. Data is defined as being information organized in a meaningful way to be 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 flow of materials, information, payments, and services from customer to supplier. True False 10. Relevant information is that information that is free from bias and error. True False 11. The characteristics of relevant information include predictive value, feedback value and timeliness. True False 12. The characteristics of reliable information are that the information is verifiable, without bias and timely. 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. True False