Test Bank For Accounting Information Systems, 15th Edition by Romney, Steinbart, Summers, Wood all chapters || Complete Solution.Test Bank For Accounting Information Systems, 15th Edition by Romney, Steinbart, Summers, Wood all chapters || Complete Solution.Test Bank For Accounting Information Syst...
Chapter jh1 ji j i j h Accounting jhInformation jhSystems: jhAn jhOverview ji ji ji ji
1.1 Distinguish jhdata jhfrom jhinformation, jhdiscuss jhthe jhcharacteristics jhof jhuseful ji ji ji ji ji ji ji ji
jhinformation, jhand jhexplain jhhow jhto jhdetermine jhthe jhvalue jhof jhinformation.
ji ji ji ji ji ji ji ji ji ji
1) Which jhof jhthe jhfollowing jhstatements jhbelow jhshows jhthe jhcontrast jhbetween
ji ji ji ji ji ji ji ji ji
jhdata jhand jhinformation?
ji ji ji
A) Data jhis jhthe jhoutput jhof jhan jhAIS. ji ji ji ji ji ji
B) Information jhis jhthe jhprimary jhoutput jhof jhan jhAIS. ji ji ji ji ji ji ji
C) Data jhis jhmore jhuseful jhin jhdecision jhmaking jhthan jhinformation.
ji ji ji ji ji ji ji ji
D) Data jhand jhinformation jhare jhthe jhsame. ji ji ji ji ji
Answer: j i jhB
2) Information jhis jhbest jhdescribed jhas ji ji ji ji
A) raw jhfacts jhabout jhtransactions.
ji ji ji
B) data jhthat jhhas jhbeen jhorganized jhand jhprocessed jhso jhthat jhit jhis jhmeaningful jhto jhthe jhuser.
ji ji ji ji ji ji ji ji ji ji ji ji ji ji
C) facts jhthat jhare jhuseful jhwhen jhprocessed jhin jha jhtimely jhmanner.
ji ji ji ji ji ji ji ji ji
D) the jhsame jhthing jhas jhdata.
ji ji ji ji
Answer: j i jhB
3) The jhvalue jhof jhinformation jhcan jhbest jhbe jhdetermined jhby
ji ji ji ji ji ji ji ji
A) its jhusefulness jhto jhdecision jhmakers.
ji ji ji ji
B) its jhrelevance jhto jhdecision jhmakers.
ji ji ji ji
C) the jhbenefits jhassociated jhwith jhobtaining jhthe jhinformation jhminus jhthe jhcost jhof jhproducing
ji ji ji ji ji ji ji ji ji ji ji
jhit.
ji
D) the jhextent jhto jhwhich jhit jhoptimizes jhthe jhvalue jhchain.
ji ji ji ji ji ji ji ji
Answer: j i jhC
4) An jhaccounting jhinformation jhsystem jh(AIS) jhprocesses jh
ji ji ji ji ji ji to jhprovide jhusers jhwith
ji ji ji
.
A) data; jhinformation ji
B) data; jhtransactions ji
C) information; jhdata ji
D) data;
jhbenefits
ji
ji jhAnswer: j i jhA
5) informationjhreduces jhuncertainty,jhimprovesjhdecision jhmakers' jhabilityjhto ji ji ji ji ji ji ji
jhmake jhpredictions, jhor jhconfirms jhexpectations.
ji ji ji ji ji
10) Inventory jhinformation jhis jhprovided jhin jhreal jhtime jhby jha jhfirm's jhaccounting
ji ji ji ji ji ji ji ji ji ji
jhinformation jhsystem. jhThe jhaccuracy jhof jhthis jhinformation jhis jhquestionable, jhhowever,
ji ji ji ji ji ji ji ji ji ji
jhsince jhthe jhproduction jhmanager jhoften jhreports jhstock jhouts jhof jhcomponents jhthat
ji ji ji ji ji ji ji ji ji ji ji
jhthe jhsystem jhindicates jhare jhin jhstock. jhWhich jhof jhthe jhfollowing jhcharacteristics jhof
ji ji ji ji ji ji ji ji ji ji ji ji
jhuseful jhinformation jhis jhabsent jhin jhthe jhsituation jhdescribed jhabove?
ji ji ji ji ji ji ji ji ji
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
ji jhAnswer:
j i jhB
11) Cheryl jhMetrejean jhhas jhbeen jhthe jhcontroller jhof jhDowntown jhTires jhfor jh25 jhyears.
ji ji ji ji ji ji ji ji ji ji ji
jhOwnership jhof jhthe jhfirm jhrecently jhchanged jhhands jhand jhthe jhnew jhowners jhare
ji ji ji ji ji ji ji ji ji ji ji ji
jhconducting jhan jhaudit jhof jhthe jhfinancial jhrecords. jhThe jhaudit jhhas jhbeen jhunable jhto
ji ji ji ji ji ji ji ji ji ji ji ji ji
jhreproduce jhfinancial jhreports jhthat jhwere jhprepared jhby jhMs. jhMetrejean. jhWhile jhthere
ji ji ji ji ji ji ji ji ji ji ji
jhis jhno jhevidence jhof jhwrongdoing, jhthe jhauditors jhare jhconcerned jhthat jhthe
ji ji ji ji ji ji ji ji ji ji ji
jhdiscrepancies jhmight jhcontribute jhto jhpoor jhdecisions. jhWhich jhof jhthe jhfollowing
ji ji ji ji ji ji ji ji ji ji
jhcharacteristics jhof jhuseful jhinformation jhis jhabsent jhin jhthe jhsituation jhdescribed jhabove?
ji ji ji ji ji ji ji ji ji ji ji
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
ji jhAnswer:
j i jhF
12) In jh2003, jhSingh jhManufacturing jhimplemented jha jhWeb-based jhinformation jhsystem
ji ji ji ji ji ji ji ji
jhthat jhallows jhall jhemployees jhto jhaccess jhmission-critical jhinformation. jhThe jhintention jhwas
ji ji ji ji ji ji ji ji ji ji ji
jhto jhincrease jhproduction jhefficiency. jhUnfortunately, jhit jhhad jhthe jhopposite jheffect, jhas
ji ji ji ji ji ji ji ji ji ji ji
jhdeliveries jhfell jhbehind jhschedule jhand jhcosts jhincreased. jhShaman jhGupta, jhthe jhdirector
ji ji ji ji ji ji ji ji ji ji ji
jhof jhinformation jhtechnology jhservices, jhasked jhAshlee jhWells jhto jhcome jhin jhand jhtalk
ji ji ji ji ji ji ji ji ji ji ji ji
jhwith jhhim jhabout jhthe jhsystem. jhAshlee jhis jha jhlong-time jhemployee jhof jhSingh, jhand
ji ji ji ji ji ji ji ji ji ji ji ji ji
jhher jhopinion jhis jhvalued jhby jhher jhpeers jhand jhby jhher jhsupervisor.
ji ji ji ji ji ji ji ji ji ji ji
"So jhAshlee, jhhow's jhit jhgoing jhdown jhthere jhin jhthe jhshop?"
ji ji ji ji ji ji ji ji ji
"Not jhso jhgood, jhShaman. jhUsed jhto jhbe jhwe jhgot jha jhweekly jhpick jhlist jhso jhwe jhknew
ji ji ji ji ji ji ji ji ji ji ji ji ji ji ji
jhhow jhto jhplan jhproduction. jhNow, jhwe jhgot jhthat jhcomputer jhsystem. jhMost jhof jhus jhcan't
ji ji ji ji ji ji ji ji ji ji ji ji ji ji
jhfigure jhout jhhow jhto jhuse jhit jhto jhdo jhour jhjobs. jhIs jhthere jhsome jhway jhto jhprint jhout jha
ji ji ji ji ji ji ji ji ji ji ji ji ji ji ji ji ji ji
Distribution jhof jhthis jhdocument jhis jhillegal
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