All chapters for accounting information systems 12th edition by romney stein bart test bank
All chapters for accounting information systems 12th edition by romney stein bart test bank
All chapters for accounting information systems 12th edition by romney stein bart test bank
All chapters for acc...
All completed Chapters Accounting
Information Systems, 12th edition by (Romney
Stein Bart) test bank
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All completed Accounting
Information Systems, 12th
edition by (Romney/Steinbart)
Full test bank
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Test-Bank-for-Accounting-Information-Systems, -12th-Edition-
Marshall-B.-
(Romney/Steinbart)
Chapter 1
Accounting Information Systems: An Overview
Which of the following statements below shows the contrast between data and information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
B) Information is the primary output of an AIS.
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.
B) data that has been organized and processed so that it is meaningful to the user.
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.
C) the benefits associated with obtaining the information minus the cost of producing it.
An accounting information system (AIS) processes ________ to provide users with ________.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
A) data; information
________ information reduces uncertainty, improves decision makers' ability to make
predictions, or confirms expectations.
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A) Timely
B) Reliable
C) Relevant
D) Complete
C) Relevant
Information that is free from error or bias and accurately represents the events or activities
of the organization is
A) relevant.
B) reliable.
C) verifiable.
D) timely.
B) reliable.
Information that does not omit important aspects of the underlying events or activities that it
measures is
A) complete.
B) accessible.
C) relevant.
D) timely.
A) complete.
Information is ________ when two knowledgeable people independently produce the same
information.
A) verifiable
B) relevant
C) reliable
D) complete
A) verifiable
Data must be converted into information to be considered useful and meaningful for decision
making. There are six characteristics that make information both useful and meaningful. If
information is free from error or bias and accurately represents the events or activities of the
organization, it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.
D) reliability.
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