Chapter 15 Review Practice Exam Questions.

Chapter 15 Review Practice Exam Questions. _______is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose. - CORRECT ANSWER information information - CORRECT ANSWER Information is data presented in a form that is useful for a specific purpose, whereas data are the numerical or verbal descriptions that usually result from some sort of measurement. When considering the specific information needed to make decisions,_______managers consider current wage levels and benefits, legislation, and court decisions regarding employment. - CORRECT ANSWER human resources When managers are selecting a management information system they must tailor it to the needs of the organization it serves. The information technology officer must make sure that the system provides_______at a reasonable cost. - CORRECT ANSWER relevant information Management Information Systems (MIS) - CORRECT ANSWER One of the main goals of a firm's information technology officer is to make sure that a firm has the equipment necessary to provide information the employees need to make effective decisions at a reasonable cost. A company will request a(n)______when it wants to determine if its financial statements have been prepared in accordance with generally accepted accounting principles. - CORRECT ANSWER audit Because of several accounting scandals that led to the financial disintegration of large companies and the accounting firms that perpetrated the scandals, Congress enacted the______________ - CORRECT ANSWER Sarbanes-Oxley Act A_________is an individual who has met state requirements for accounting education and experience and has passed a rigorous accounting examination. - CORRECT ANSWER certified public accountant (CPA) Certified Public Accountant (CPA) - CORRECT ANSWER A certified public accountant (CPA) is an individual who has met state requirements for accounting education and experience and has passed a rigorous accounting examination.