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[TEST BANK] ACCOUNTING INFORMATION SYSTEMS, 15TH EDITION BY ROMNEY, STEINBART, SUMMERS, WOOD QUARANTEED PASS 2024/2025 [TEST BANK] ACCOUNTING INFORMATION SYSTEMS, 15TH EDITION BY ROMNEY, STEINBART, SUMMERS, WOOD QUARANTEED PASS 2024/2025 [TEST BANK] ACCOUNTING INFORMATION SYSTEMS, 15TH EDITION BY R...

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Stuvia.com jh- jhThe jhMarketplace jhto jhBuy jhand jhSell jhyour
jhStudy jhMaterial




[TEST BANK] ACCOUNTING
INFORMATION SYSTEMS, 15TH
EDITION BY ROMNEY,
STEINBART, SUMMERS, WOOD
QUARANTEED PASS
2024/2025




Downloaded jhby: jhclintonson jh|
jhwamalwamayeku@gmail.com
Distribution jhof jhthis jhdocument jhis jhillegal

, Stuvia.com jh- jhThe jhMarketplace jhto jhBuy jhand jhSell jhyour
jhStudy jhMaterial




Chapter jh1 j h Accounting jhInformation jhSystems: jhAn jhOverview

1.1 Distinguish jhdata jhfrom jhinformation, jhdiscuss jhthe jhcharacteristics jhof jhuseful
jhinformation, jhand jhexplain jhhow jhto jhdetermine jhthe jhvalue jhof jhinformation.


1) Which jhof jhthe jhfollowing jhstatements jhbelow jhshows jhthe jhcontrast jhbetween
jhdata jhand jhinformation?
A) Data jhis jhthe jhoutput jhof jhan jhAIS.
B) Information jhis jhthe jhprimary jhoutput jhof jhan jhAIS.
C) Data jhis jhmore jhuseful jhin jhdecision jhmaking jhthan jhinformation.
D) Data jhand jhinformation jhare jhthe jhsame.

Answer: jhB


2) Information jhis jhbest jhdescribed jhas
A) raw jhfacts jhabout jhtransactions.
B) data jhthat jhhas jhbeen jhorganized jhand jhprocessed jhso jhthat jhit jhis jhmeaningful jhto jhthe jhuser.
C) facts jhthat jhare jhuseful jhwhen jhprocessed jhin jha jhtimely jhmanner.
D) the jhsame jhthing jhas jhdata.

Answer: jhB


3) The jhvalue jhof jhinformation jhcan jhbest jhbe jhdetermined jhby
A) its jhusefulness jhto jhdecision jhmakers.
B) its jhrelevance jhto jhdecision jhmakers.
C) the jhbenefits jhassociated jhwith jhobtaining jhthe jhinformation jhminus jhthe jhcost jhof jhproducing
jhit.
D) the jhextent jhto jhwhich jhit jhoptimizes jhthe jhvalue jhchain.

Answer: jhC


4) An jhaccounting jhinformation jhsystem jh(AIS) jhprocesses jh to jhprovide jhusers jhwith
.
A) data; jhinformation
B) data; jhtransactions
C) information; jhdata
D) data;

jhbenefits


jhAnswer: j h A


5) information jhreduces jhuncertainty, jhimproves jhdecision jhmakers' jhability jhto
jhmake jhpredictions, jhor jhconfirms jhexpectations.
A) Timely


1


Downloaded jhby: jhclintonson jh|
jhwamalwamayeku@gmail.com
Distribution jhof jhthis jhdocument jhis jhillegal

, Stuvia.com jh- jhThe jhMarketplace jhto jhBuy jhand jhSell jhyour
jhStudy jhMaterial




B) Reliable
C) Relevant
D) Complete

jhAnswer:


jhC


6) Information jhthat jhis jhfree jhfrom jherror jhor jhbias jhand jhaccurately jhrepresents jhthe jhevents
jhor jhactivities jhof jhthe jhorganization jhis
A) relevant.
B) reliable jh/ jhFaithful jhRepresentation.
C) verifiable.
D) timely.

Answer: jhB


7) Information jhthat jhdoes jhnot jhomit jhimportant jhaspects jhof jhthe jhunderlying jhevents
jhor jhactivities jhthat jhit jhmeasures jhis
A) complete.
B) accessible.
C) relevant.
D) timely.

Answer: jhA


8) Information jhis jh when jhtwo jhknowledgeable jhpeople jhindependently
jhproduce jhthe jhsame jhinformation.
A) verifiable
B) relevant
C) reliable
D) complete

jhAnswer:


jhA


9) Data jhmust jhbe jhconverted jhinto jhinformation jhto jhbe jhconsidered jhuseful jhand
jhmeaningful jhfor jhdecision jhmaking. jhThere jhare jhsix jhcharacteristics jhthat jhmake
jhinformation jhboth jhuseful jhand jhmeaningful. jhIf jhinformation jhis jhfree jhfrom jherror jhor
jhbias jhand jhaccurately jhrepresents jhthe jhevents jhor jhactivities jhof jhthe jhorganization, jhit jhis
jhrepresentative jhof jhthe jhcharacteristic jhof
A) relevancy.
B) timeliness.
C) understandability.
D) reliability.




2
Downloaded jhby: jhclintonson jh|
jhwamalwamayeku@gmail.com
Distribution jhof jhthis jhdocument jhis jhillegal

, Stuvia.com jh- jhThe jhMarketplace jhto jhBuy jhand jhSell jhyour
jhStudy jhMaterial




Answer: jhD


10) Inventory jhinformation jhis jhprovided jhin jhreal jhtime jhby jha jhfirm's jhaccounting
jhinformation jhsystem. jhThe jhaccuracy jhof jhthis jhinformation jhis jhquestionable, jhhowever,
jhsince jhthe jhproduction jhmanager jhoften jhreports jhstock jhouts jhof jhcomponents jhthat jhthe
jhsystem jhindicates jhare jhin jhstock. jhWhich jhof jhthe jhfollowing jhcharacteristics jhof jhuseful
jhinformation jhis jhabsent jhin jhthe jhsituation jhdescribed jhabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible

jhAnswer:


jhB


11) Cheryl jhMetrejean jhhas jhbeen jhthe jhcontroller jhof jhDowntown jhTires jhfor jh25 jhyears.
jhOwnership jhof jhthe jhfirm jhrecently jhchanged jhhands jhand jhthe jhnew jhowners jhare
jhconducting jhan jhaudit jhof jhthe jhfinancial jhrecords. jhThe jhaudit jhhas jhbeen jhunable jhto
jhreproduce jhfinancial jhreports jhthat jhwere jhprepared jhby jhMs. jhMetrejean. jhWhile jhthere
jhis jhno jhevidence jhof jhwrongdoing, jhthe jhauditors jhare jhconcerned jhthat jhthe
jhdiscrepancies jhmight jhcontribute jhto jhpoor jhdecisions. jhWhich jhof jhthe jhfollowing
jhcharacteristics jhof jhuseful jhinformation jhis jhabsent jhin jhthe jhsituation jhdescribed jhabove?
A) relevant
B) reliable
C) complete
D) timely
E) understandable
F) verifiable
G) accessible

jhAnswer:


jhF


12) In jh2003, jhSingh jhManufacturing jhimplemented jha jhWeb-based jhinformation jhsystem
jhthat jhallows jhall jhemployees jhto jhaccess jhmission-critical jhinformation. jhThe jhintention jhwas
jhto jhincrease jhproduction jhefficiency. jhUnfortunately, jhit jhhad jhthe jhopposite jheffect, jhas
jhdeliveries jhfell jhbehind jhschedule jhand jhcosts jhincreased. jhShaman jhGupta, jhthe jhdirector
jhof jhinformation jhtechnology jhservices, jhasked jhAshlee jhWells jhto jhcome jhin jhand jhtalk jhwith
jhhim jhabout jhthe jhsystem. jhAshlee jhis jha jhlong-time jhemployee jhof jhSingh, jhand jhher
jhopinion jhis jhvalued jhby jhher jhpeers jhand jhby jhher jhsupervisor.
"So jhAshlee, jhhow's jhit jhgoing jhdown jhthere jhin jhthe jhshop?"
"Not jhso jhgood, jhShaman. jhUsed jhto jhbe jhwe jhgot jha jhweekly jhpick jhlist jhso jhwe jhknew jhhow
jhto jhplan jhproduction. jhNow, jhwe jhgot jhthat jhcomputer jhsystem. jhMost jhof jhus jhcan't jhfigure
jhout jhhow jhto jhuse jhit jhto jhdo jhour jhjobs. jhIs jhthere jhsome jhway jhto jhprint jhout jha jhpick jhlist?"


Downloaded jhby: jhclintonson jh|
jhwamalwamayeku@gmail.com

Distribution jhof jhthis jhdocument jhis jhillegal

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