Exam (elaborations)
Test Bank Accounting Information Systems, 4th Edition by Vernon Richardson A+
- Course
- Institution
- Book
Test Bank Accounting Information Systems, 4th Edition by Vernon Richardson A+...
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
TEST BANK For Accounting Information Systems, 3rd Edition by Vernon Richardson, Verified All Chapters 1 - 18 A+
-
Solutions Manual for Accounting Information Systems 4th Edition by Richardson, Chang & Smith A+
-
TEST BANK For Accounting Information Systems, 4th Edition by Vernon Richardson, all Chapters 1 - 17, Complete, ISBN: 9781266188350
Seller
Follow
ASolution
Reviews received
Content preview
Created By: A SolutionTest Bank Accounting Information Systems, 4th Edition by
Vernon Richardson A+
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
A+ Page 1
,Created By: A Solution
6) Information is defined as being data organized in a meaningful way that is useful to the
user.
⊚ true
⊚ false
7) Data is defined as being information organized in a meaningful way that is useful to the
user.
⊚ true
⊚ false
8) An AIS may create value by giving access to management information relevant to the
decision makers.
⊚ true
⊚ false
9) An AIS may create value by providing an internal control structure needed to make sure
the information is secure, reliable, and free from error.
⊚ 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
A+ Page 2
,Created By: A Solution
⊚ 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.
⊚ true
⊚ false
14) The main financial benefit of Customer Relationship Management practices reduces the
cost of goods sold.
⊚ true
⊚ false
15) An efficient Enterprise System can significantly lower the cost of support processes
included in sales, general, and administrative expenses.
⊚ true
⊚ false
16) An accounting information system (AIS) is defined as being an information system that
records, processes and reports on transactions to provide financial and nonfinancial information
for decision making and control.
⊚ true
⊚ false
A+ Page 3
, Created By: A Solution
17) An enterprise system is a centralized database that collects data from throughout the firm.
This includes data from orders, customers, sales, inventory and employees.
⊚ true
⊚ false
18) Outbound logistics are the activities associated with receiving and storing raw materials
as well as activities that transform these inputs into finished goods.
⊚ true
⊚ false
19) Service Activities as defined in the value chain are those activities that provide the
support of customers after the products and services are sold to them (e.g. warranty repairs, parts,
instruction manuals, etc.).
⊚ true
⊚ false
20) A well-designed and well-functioning AIS can be expected to create value by providing
relevant information helpful to management to increase revenues and reduce expenses.
⊚ true
⊚ false
21) Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue
Service is an example of discretionary information.
⊚ true
⊚ false
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 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 ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79650 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
