Accounting > TEST BANKS > Accounting Information Systems 13th Edition Marshall Romney, Paul Steinbart TEST BANK (All)

Accounting Information Systems 13th Edition Marshall Romney, Paul Steinbart TEST BANK

Document Content and Description Below

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 [Show More]

Last updated: 5 months ago

Preview 1 out of 563 pages

Buy Now

Instant download

We Accept: