Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage
13 views 0 purchase
Course
Accounting Information Systems
Institution
Accounting Information Systems
Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics, 1st Edition 1e by Arline A. Savage, Danielle Brannock, Alicja Foksinska. Full Chapters test bank are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 ...
Test rBank rfor rAccounting rInformation rSystems, r1st
Edition rby rArline rA. rSavage rLatest r2024
r
Chapter r 01: r Accounting r as r Information
1) Accounting r communicates r to r stakeholders
A) minimally r required r public r financial r data.
B) the r financial r outcomes r of r operating, r investing, r and r financing r activities.
C) the r sales r strategy r for r the r operating, r marketing, r and r sales r activities.
D) black r and r white r details r about r the r economics r of r operating
r activities.rAnswer: r B r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important?
r AACSB:rCommunication r Bloom's: r Comprehension r AICPA: r AC:
r Reporting
2) Accounting r communicates r the r financial r outcomes r of r a r business's r activities r for
A) operating.
B) investing.
C) financing.
D) All r of r these r answer r choices r are r correct. r Answer:
D r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important?
r AACSB:rCommunication r Bloom's: r Comprehension r AICPA: r AC:
r Reporting
3) In r what r way r do r management r teams r use r accounting r data?
A) Management r teams r use r accounting r data r to r make r business r decisions.
B) Management r teams r use r accounting r data r to r make r and r execute r plans.
Test Page r
r Bank 1
,Created r By:
r Test
C) Management r teams r use r economic r and r accounting r data r together r to r make
r decisions.
D) All r of r these r answer r choices r are r correct. r Answer: r D
Test Page r
r Bank 2
,Created r By:
r Test
Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension
AICPA: AC: r Risk r Assessment, r Analysis, r and r Management
4) Which r statement r is r TRUE?
A) Accounting r consists r of r rigid r black r and r white r rules.
B) Accountants r crunch r numbers, r not r make r decisions.
C) Accounting r helps r support r a r prosperous r society.
D) Accountants r focus r on r debits r and r credits, r not r business
r activities.rAnswer: r C r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension r AICPA: r N/A
5) Which r of r the r following r is r NOT r a r component r of r an r information r system?
A) Hardware
B) Software
C) Input
D) Network r Answer: r C r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Knowledge
AICPA: AC: r Systems r and r Process r Management
6) Input r to r an r information r system r consists r of
A) raw r and r unorganized r data.
Test Page r
r Bank 3
, Created r By:
r Test
B) hardware r and r software.
C) reported r information.
D) processed
rdata.
Answer: A
rDiff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Knowledge
AICPA: AC: r Systems r and r Process r Management
7) Which r of r the r following r is r a r definition r of r output r from r an r information r system?
A) Output r is r raw r and r unorganized r data.
B) Output r is r information r produced r by r processing r data.
C) Output r is r database r facts r and r figures.
D) Output r is r information r collected r from r users. r Answer: r B
Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Section r Reference: r Why r is r Accounting r Information r Important? r AACSB:
r AnalyticrBloom's: r Comprehension
AICPA: AC: r Systems r and r Process r Management
8) Which r statement r concerning r data r is r TRUE?
A) Data r is r useless r to r a r business r until r transformed r into r information.
B) Data r is r the r output r from r an r information r system.
C) Data r is r organized r into r understandable r formats.
D) Data r is r processed r before r being r input r into r the r information
r system.rAnswer: r A r Diff: r 1
Learning r Objective: r 1.1 r Explain r how r accounting r affects r both r the r demand r for r and
r supply r ofrinformation.
Test Page r
r Bank 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 nursecare. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
