Test Bank For Accounting Information Systems, 13th Edition

Test Bank For Accounting Information Systems, 13th Edition is a comprehensive exam guide designed to help you master key topics with detailed explanations and practice questions.

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1Copyright © 2015 Pearson Education, Inc.Accounting Information Systems, 13e(Romney/Steinbart)Chapter 1Accounting Information Systems: An Overview1.1Distinguish data from information, discuss the characteristics of useful information, andexplain 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: BObjective: Learning Objective 1Difficulty:EasyAACSB: Analytic2) Information is best described asA) 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: BObjective: Learning Objective 1Difficulty:EasyAACSB: Analytic3) The value of information can best be determined byA) 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: CObjective: Learning Objective 1Difficulty:ModerateAACSB: Analytic4) An accounting information system (AIS) processes ________ to provide users with ________.A) data; informationB) data; transactionsC) information; dataD) data; benefitsAnswer: AObjective: Learning Objective 1Difficulty:EasyAACSB: Analytic

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Accounting Information Systems by M...

Test Bank For Accounting Information Systems, 13th Edition

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