Accounting > TEST BANK > Test Bank and Instructor Manual For Accounting Information Systems, 10E George H. Bodnar William S. (All)

Test Bank and Instructor Manual For Accounting Information Systems, 10E George H. Bodnar William S. Hopwood

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Accounting Information Systems, 10e (Bodnar/Hopwood) Chapter 1 Accounting Information Systems: An Overview 1) A system is a collection of related resources designed to help a company achieve specifi... ed objectives. Answer: TRUE Diff: 1 Page Ref: 1 2) Accounting information systems are designed to gather and utilize information which may cost more to provide than it is worth to the user. Answer: FALSE Diff: 2 Page Ref: 3 3) The basic goal of accounting information systems is to convert financial data into information. Answer: TRUE Diff: 1 Page Ref: 1 4) Examples of the information provided by a financial information system are cash flow summaries and payment information. Answer: TRUE Diff: 2 Page Ref: 4 5) All data processed and information stored in an accounting information system are mandatory for financial reporting purposes. Answer: FALSE Diff: 2 Page Ref: 3 6) A typical CRM contains one common database in which all departments with customer contact can access and update. Answer: TRUE Diff: 1 Page Ref: 4 7) A typical CRM contains one database for each department which has customer contact. Answer: FALSE Diff: 1 Page Ref: 4 8) An extended enterprise brings suppliers and customers together in order to meet customer demand while minimizing supplier costs. Answer: FALSE Diff: 1 Page Ref: 4 [Show More]

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