Exam (elaborations)

Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney

0 purchase

Course
Advanced Accounting

Institution
Advanced Accounting

Test Bank for Accounting Information Systems 16e 16th Edition by Marshall B Romney, Paul J. Steinbart. Full Chapters test bank are included - Chapter 1 to 24 PART 1: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS Accounting Information Systems: An Overview Overview of Transaction Pro...

[Show more]

Preview 4 out of 771 pages

View example

Uploaded on May 7, 2024
Number of pages 771
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

accounting
information
systems
14e
14th
edition
romney
multiple choice
mcqs
quizzes
quiz bank
question bank
tests
test bank
exam bank

Institution Advanced Accounting
Course Advanced Accounting

Tutor247 Member since 2 year 4693 documents sold

328

$29.49

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

✅ All Chapters
✅ Verified Answers
✅ 24/7 Customer Support
Accounting Information Systems, 16e (Romney)
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.
D) goal match.
Answer: C
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking

1

,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
B) Accurate
C) Relevant
D) Complete
Answer: C
Concept: Information needs and business processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking

2

,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

3

, 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
Concept: The concept of information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking

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 or Stuvia-credit 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 Tutor247. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Exam (elaborations)

Test Bank for Accounting Information Systems, 16th Edition by Marshall B Romney

Document information

Subjects

Written for

Seller

Reviews received

Content preview