ACCOUNTING INFORMATION SYSTEMS 13TH EDITION MARSHALL ROMNEY, PAUL STEINBART TEST BANK
14 keer bekeken 0 keer verkocht
Vak
ACCOUNTING INFORMATION SYSTEMS
Instelling
ACCOUNTING INFORMATION SYSTEMS
ACCOUNTING INFORMATION SYSTEMS 13TH EDITION MARSHALL ROMNEY, PAUL STEINBART TEST BANK
Accounting Information Systems, 13e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and expl...
accounting information systems 13th edition marsha
11distinguish data from information discuss the
2information is best described as
3the value of information can best be determined
Geschreven voor
ACCOUNTING INFORMATION SYSTEMS
ACCOUNTING INFORMATION SYSTEMS
Verkoper
Volgen
Succeed
Ontvangen beoordelingen
Voorbeeld van de inhoud
,ACCOUNTING INFORMATION SYSTEMS 13TH EDITION
MARSHALL ROMNEY, PAUL STEINBART TEST BANK
Accounting Information Systems, 13e (Romney/Steinbart)
Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and
explain how to determine the value of information.
1) 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.
Answer: B
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
2) 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.
Answer: B
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
3) 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.
Answer: C
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytic
4) An accounting information system (AIS) processes to provide users with .
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
1
,5) information reduces uncertainty, improves decision makers' ability to make
predictions, or confirms expectations.
A) Timely
B) Reliable
C) Relevant
D) Complete
Answer: C
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
6) 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.
Answer: B
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
7) 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.
Answer: A
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
8) Information is when two knowledgeable people independently produce the same
information.
A) verifiable
B) relevant
C) reliable
D) complete
Answer: A
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
2
, 9) 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.
Answer: D
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytic
10) Inventory information is provided in real time by a firm's accounting information system.
The accuracy of this information is questionable, however, since the production manager often
reports stock outs of components that the system indicates are in stock. Which of the following
characteristics of useful information is absent in the situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: B
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytic
11) Cheryl Metrejean has been the controller of Downtown Tires for 25 years. Ownership of the
firm recently changed hands and the new owners are conducting an audit of the financial records.
The audit has been unable to reproduce financial reports that were prepared by Ms. Metrejean.
While there is no evidence of wrongdoing, the auditors are concerned that the discrepancies
might contribute to poor decisions. Which of the following characteristics of useful information
is absent in the situation described above?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible
Answer: F
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytic
3
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Succeed. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €27,34. Je zit daarna nergens aan vast.
