TESTBANKACCOUNTING
I
NFORMATIONSYSTEMS,15TH
EDI
TION
pr
esent
edbyßl
âçkĐol
lâr
4
BYROMNEY,STEI
NBART,
SUMMERS,WOOD
wr
i
tt
enb
y
www.
stuvi
a.com
,Ch
apt
er1Ac
cou
nti
ngI
nfor
mat
ionSy
ste
ms:AnOv
erv
iew
1
.1Di
st
ing
uis
hda
taf
romi
nfor
mat
ion
,di
scu
sst
hec
har
act
eri
st
ic
sofu
sef
ul
i
nfor
mat
ion
,an
dex
pla
inh
owt
ode
ter
min
eth
eva
lueofi
nfor
mat
ion
.
1)Whichofthef
oll
o wingst
a t
ementsbel
owshowst
hec
ont
ras
tbe
twe
en
dat
aa ndinf
ormati
on ?
A)Dataisth
eo ut
putofa nAIS.
B)In
formati
onistheprimaryout
putofanAI
S.
C)Dataismoreusefuli
nd eci
si
onma ki
ngth
an
i
nfor
mat
ion
.D)Da
taa
ndi
nfor
mat
iona
ret
hes
ame
.
An
swe
r:B
2)
Inf
orma
tio
nisb
est
d
esc
rib
eda
sA)r
awf
act
s
a
bou
ttr
ans
act
ion
s.
B)dat
ath
athasbe
enorg
aniz
edandpr
oce
ssedsot
hati
ti
sme a
nin
gful
tot
heuser
.C)f
act
sth
atareuse
ful
whenpr
oces
sedi
natime
lymanne
r.
D)t
hesamethi
ngasd
ata.
An
swe
r:B
3)Theval
ueo fi
nfo
rmati
oncanb es
tbe
deter
minedbyA)it
suseful
nesstodeci
si
on
ma k
ers.
B)it
srel
evancetodec
isi
onma ke
rs.
C)thebenef
it
sassoci
ate
dwithobtai
ni
ngthei
nfor
mat
ionmi
nust
hec
ostof
p
rod
uci
ngi
t.D)t
hee
xte
ntt
owh
ichi
top
timi
zest
hev
alu
ech
ain
.
An
swe
r:C
4)Anacc
oun
tingi
nfor
mat
ions
yst
em(
AIS)p
roc
ess
es_
___
___
_top
rov
ideu
ser
swi
th
__
____
__.
A) da
ta;
i
nfor
mat
ion B)
d
ata
;tr
ans
act
ion
s
,C) i
nfor
mat
ion
;
d
ata D) d
ata
;
b
ene
fit
s
An
swe
r:A
5)_
___
____i
nfo
rmati
onredu
cesun
cert
ain
ty,i
mpro
vesd
eci
si
onma
ker
s'a
bil
it
y
tomakepre
dict
ion
s,orc
onfi
rmsexp
ecta
tio
ns.
A)Ti
me l
y
1
, ßl
λçk
Đol
l
âR4
B)
Rel
i
able
C)
Rel
eva
nt
D)
Compl
ete
An
swe
r:C
6)I
nformati
onthatisfr
eefromerr
oro
rbi
asa
nda
ccu
rat
elyr
epr
ese
ntst
hee
ven
ts
oracti
vit
iesoftheorgani
zat
ioni
s
A)re
levant.
B)r
eliabl
e/F ai
thf
ul
Repr
e s
e n
tati
on.C)veri
fi
abl
e.
D)ti
me l
y.
An
swe
r:B
7)
Inf
ormat
iont
hatd
oesnotomi
timp
ort
anta
spe
ctso
fth
eun
der
lyi
nge
ven
tso
r
ac
tiv
iti
est
hati
tmeasu
resi
s
A)
c
omp
let
e.
B)
a
cce
ssi
bl
e.
C)r
ele
van
t.
D)t
ime
ly.
An
swe
r:A
8)
Inf
ormat
ioni
s__
___
___whe
ntwok
nowl
edge
abl
epe
opl
ein
dep
end
ent
ly
pr
oducet
hesamei
nfor
mati
on.
A)
v
eri
fi
abl
e
B)
r
ele
van
tC)
r
eli
abl
eD)
c
omp
let
e
An
swe
r:A
9)
Dat
amu
stb
econ
ver
tedi
ntoi
nfo
rma
tio
ntob
eco
nsi
der
edu
sef
ula
nd
I
NFORMATIONSYSTEMS,15TH
EDI
TION
pr
esent
edbyßl
âçkĐol
lâr
4
BYROMNEY,STEI
NBART,
SUMMERS,WOOD
wr
i
tt
enb
y
www.
stuvi
a.com
,Ch
apt
er1Ac
cou
nti
ngI
nfor
mat
ionSy
ste
ms:AnOv
erv
iew
1
.1Di
st
ing
uis
hda
taf
romi
nfor
mat
ion
,di
scu
sst
hec
har
act
eri
st
ic
sofu
sef
ul
i
nfor
mat
ion
,an
dex
pla
inh
owt
ode
ter
min
eth
eva
lueofi
nfor
mat
ion
.
1)Whichofthef
oll
o wingst
a t
ementsbel
owshowst
hec
ont
ras
tbe
twe
en
dat
aa ndinf
ormati
on ?
A)Dataisth
eo ut
putofa nAIS.
B)In
formati
onistheprimaryout
putofanAI
S.
C)Dataismoreusefuli
nd eci
si
onma ki
ngth
an
i
nfor
mat
ion
.D)Da
taa
ndi
nfor
mat
iona
ret
hes
ame
.
An
swe
r:B
2)
Inf
orma
tio
nisb
est
d
esc
rib
eda
sA)r
awf
act
s
a
bou
ttr
ans
act
ion
s.
B)dat
ath
athasbe
enorg
aniz
edandpr
oce
ssedsot
hati
ti
sme a
nin
gful
tot
heuser
.C)f
act
sth
atareuse
ful
whenpr
oces
sedi
natime
lymanne
r.
D)t
hesamethi
ngasd
ata.
An
swe
r:B
3)Theval
ueo fi
nfo
rmati
oncanb es
tbe
deter
minedbyA)it
suseful
nesstodeci
si
on
ma k
ers.
B)it
srel
evancetodec
isi
onma ke
rs.
C)thebenef
it
sassoci
ate
dwithobtai
ni
ngthei
nfor
mat
ionmi
nust
hec
ostof
p
rod
uci
ngi
t.D)t
hee
xte
ntt
owh
ichi
top
timi
zest
hev
alu
ech
ain
.
An
swe
r:C
4)Anacc
oun
tingi
nfor
mat
ions
yst
em(
AIS)p
roc
ess
es_
___
___
_top
rov
ideu
ser
swi
th
__
____
__.
A) da
ta;
i
nfor
mat
ion B)
d
ata
;tr
ans
act
ion
s
,C) i
nfor
mat
ion
;
d
ata D) d
ata
;
b
ene
fit
s
An
swe
r:A
5)_
___
____i
nfo
rmati
onredu
cesun
cert
ain
ty,i
mpro
vesd
eci
si
onma
ker
s'a
bil
it
y
tomakepre
dict
ion
s,orc
onfi
rmsexp
ecta
tio
ns.
A)Ti
me l
y
1
, ßl
λçk
Đol
l
âR4
B)
Rel
i
able
C)
Rel
eva
nt
D)
Compl
ete
An
swe
r:C
6)I
nformati
onthatisfr
eefromerr
oro
rbi
asa
nda
ccu
rat
elyr
epr
ese
ntst
hee
ven
ts
oracti
vit
iesoftheorgani
zat
ioni
s
A)re
levant.
B)r
eliabl
e/F ai
thf
ul
Repr
e s
e n
tati
on.C)veri
fi
abl
e.
D)ti
me l
y.
An
swe
r:B
7)
Inf
ormat
iont
hatd
oesnotomi
timp
ort
anta
spe
ctso
fth
eun
der
lyi
nge
ven
tso
r
ac
tiv
iti
est
hati
tmeasu
resi
s
A)
c
omp
let
e.
B)
a
cce
ssi
bl
e.
C)r
ele
van
t.
D)t
ime
ly.
An
swe
r:A
8)
Inf
ormat
ioni
s__
___
___whe
ntwok
nowl
edge
abl
epe
opl
ein
dep
end
ent
ly
pr
oducet
hesamei
nfor
mati
on.
A)
v
eri
fi
abl
e
B)
r
ele
van
tC)
r
eli
abl
eD)
c
omp
let
e
An
swe
r:A
9)
Dat
amu
stb
econ
ver
tedi
ntoi
nfo
rma
tio
ntob
eco
nsi
der
edu
sef
ula
nd
